One of the most common questions personal injury lawyers receive is “How
long will it take to settle my case?” The answer to this question
depends on whether or not you are willing to accept a low-ball settlement
from an insurance company.
Beware of Low Initial Offers
Insurance companies are notorious for rushing claimants and making them
feel that they must accept the first offer they receive. This is by design,
as they know that most claimants desperately need the money to cover their
expenses due to time away from work during their recovery. Unfortunately,
this initial offer will likely be inadequate to cover all of a claimant’s
losses, causing them to end up settling for far less than they actually deserve.
While you can speed up the process by settling early, once you settle,
your case is over and you can no longer seek additional compensation.
In other words, if you settle for too low of an amount, you be held financially
responsible for any medical expenses or losses that exceed the limits
of your settlement.
Why Is My Case Taking So Long?
When filing a personal injury claim, it is important to know that you may
have to wait a considerable amount of time in order to receive a fair
settlement. Generally speaking, the longer you wait and negotiate, the
more you will likely receive.
Factors which can lengthen this process include:
- Legal or factual issues such as liability disputes or disagreements over
the value of damages
- The case involves a considerable amount of money
- You are still receiving treatment and have not reached “maximum medical
Unfortunately, there are no hard and fast rules about short settlements.
It is recommended you consult with a knowledgeable attorney to best gauge
your situation and find out if it is truly worth it to hold out for a
Call (505) 219-2176 Today to Maximize Your Settlement
Michael J. Doyle, Attorney at Law, our top-rated Albuquerque
personal injury attorney has more than 10 years of proven legal experience and can provide the
guidance you need to secure as much compensation as possible for your
Contact our office online or
schedule a free case review today to find out more about how we can help.