Suffering injuries in an automobile accident can really take a toll on your life in a number of ways. If another person was responsible for the collision, either fully or partially, according to the state of Georgia, you may seek compensation for your losses through legal means. How long does it take to receive compensation after a car crash?
Every accident case is different. Sometimes, it is fairly easy to reach settlement terms, and sometimes, it is not. Sometimes, people handle cases completely out of court, and sometimes, litigation becomes necessary.
Directly after a crash
One generally reports a car crash to insurance providers immediately. The insurance carrier will then open an investigation and offer compensation to the victim if deemed appropriate. This initial process does not take a whole lot of time. Insurance carriers hope to close out car accident cases as soon as possible.
As a victim of an auto collision, it can be highly tempting to take a quick settlement, but that may not serve you well in the long term. Insurance carriers care more about their bottom line than they care about how injuries may affect you now and in the future. It is okay to have legal counsel look over an initial settlement offer and fight for more if one considers it inadequate for the losses suffered.
If the victim rejects an initial settlement, the insurance provider will receive a demand letter, requesting better terms. Once the carrier receives that letter, negotiations can begin. It can take a lot of back and forth to reach agreeable terms. Sometimes, it doesn’t happen at all. In such cases, going to trial may be the only way to seek fair compensation.
File and wait
There is no specific timeline for how long it takes to receive fair and full compensation for losses suffered in a car crash. With insurance carriers who are ready and willing to negotiate, it may not take long at all. If insurance providers or those deemed responsible for collisions are not willing to negotiate, it can take a while, which can feel frustrating. No matter how much time it takes, though, going through the process may be worth it, if it means you have a chance to achieve maximum relief for your losses.