After all, there are medical bills to take care of. It can be even more stressful if you have to take time off of work because of your injuries. The longer the legal process is drawn out, the more anxiety you may feel.
There are a number of different factors that may make negotiations take longer. It’s important to contact a Denver car accident lawyer like the attorneys at Paysinger Law to help you negotiate for the best possible settlement. They will help you reach a fair settlement for your injuries or other losses as quickly as possible.
What are the Common Steps in the Settlement Process?
Negotiating a settlement can often feel like haggling because the insurance companies try to pay the least amount possible. This is why it’s so important to have an attorney working on your behalf. They will help counter the claim with information like medical records and proof of your injuries and damages to help support your position.
When your attorney first makes a demand for the value of your claim, the insurance company will review the information and respond with an offer that is often much lower than is reasonable. They will then negotiate back and forth until you and the insurance company can agree on settlement value.
The process of negotiation can take several months for both parties to reach an agreement, though each case is different.
When does the settlement check arrive?
After you accept a settlement offer, it will take between two and four weeks to receive a settlement check. It will be sent to your attorney and you will sign a release that states it is full and final compensation for your claim. Once the check arrives at the attorney’s office, the lawyer will negotiate with your medical providers to pay any liens for medical bills. The lawyer will also deduct the agreed-upon attorney’s fee and other out-of-pocket expenses.
Then your attorney will distribute the remaining balance from the settlement to you.
Get Legal Help from an Award-Winning Attorney
If you need help with your insurance settlement, it’s important to reach out to an attorney as soon as possible so they can represent your best interests. The attorneys at Paysinger Law might be able to help.
They have years of experience fighting for people just like you who have been injured in a car accident in Colorado.
When you call, they will discuss your accident with you. If your case meets the criteria, you can set up a free consultation where they will walk you through the entire process in detail. If you decide to move forward, they can help you understand the legal options available to you and put together a legal strategy for your case.
Contact the Personal Injury Attorneys at Paysinger Law, P.C. Today
If you or someone you love has been injured in the state of Colorado, you need an experienced and skilled attorney on your side from the start. You may be able to recover fair compensation that can help you get back on your feet, and pay expensive medical bills. Call the Lakewood personal injury lawyers at Paysinger Law, P.C. today. Our family run law firm offers FREE case consultations and can be reached at 303.279.0221, or by filling out the contact form on this page.
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