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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
If your settlement documents do not state a time for payment, it typically takes 1 to 2 weeks for a settlement check to come.
The average amount of time to receive a settlement check after a release is signed is about five to six weeks. However, several factors can delay this process from the specific process at your insurance company to debts and payments that may hold up your payment.
Most bodily injury settlement checks take 1 to 3 days to clear. Once it clears, your attorney can write your check-out immediately. The bodily injury settlement check is usually made out to both the attorney's office and the client.
If it takes longer than a month to receive your settlement check, it's time to start asking questions. There may be a reasonable explanation for why the insurance company hasn't issued your settlement check. Common reasons for delays include: You haven't signed and returned the settlement and release agreement.
Usually, a settlement check is sent to the attorney of record. The attorney may hold the check in a trust or escrow account until it clears. Your attorney will also deduct his or her own share from the settlement funds for the legal services that he or she provided and for the advancement of any legal costs.
Settlement Timeline Typically, after your attorney has sent a demand letter to the insurance adjuster or other party, it can take anywhere from a few weeks to a couple of months to obtain your settlement.
There is a Large Amount of Compensation Involved in Your Case. Your settlement could be delayed because your case involves large damages, or put simply, a lot of money. In this case, insurance companies will delay paying money out on a settlement until they are confident about it.
There are some cases which take at least a year from the date of filing the complaint to get to settle, and some may take around six months. So, it is quite unpredictable. However, a personal injury lawsuit can take 2 to 3 years to get settled.
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