A car accident, although quick, can be a scary experience. However, the real process begins immediately after the incident. If you’ve been involved in a car accident, chances are you will want to seek a settlement. The Georgia car accident settlement process and timeline can vary. It all depends on the details of your case.
In a settlement, the parties involved in the accident agree to a specific amount of compensation to be paid by the at-fault party or their insurance company in exchange for releasing the at-fault party from further liability. Negotiations occur between the injured party (or their attorney) and the at-fault party’s insurance company (or their attorney). Settlement amounts are intended to compensate the injured party for damages, including medical bills, lost wages, property damage, and pain and suffering.
Each car accident is unique. Because of this, the amount of time that it takes to reach a settlement can vary. There are many factors that contribute to this process. In more complex cases, especially ones where it is difficult to easily determine fault and liability, negotiations may take longer as each side advocates for themselves or their clients.
While each car settlement process is different, most of them follow a general process that usually consists of the following:
If a settlement cannot be reached, the case may go to trial. In this case, a claim will be filed with the court, and your lawyer can advocate on your behalf. They can present your case to the court and fight for fair compensation. The court will decide what the settlement amount will be.
A: A car accident claim can take anywhere from a few months to a few years in Georgia. The length of time varies, depending on a number of factors. These include the severity of your injuries, the level of fault that each party bears, and the extent of damages. Sometimes, injuries and damages are not apparent until months after the accident.
A: In Georgia, an insurance company has ten days to pay a claim after a settlement has been reached. If it fails to meet this deadline, it may be guilty of unfair claims practices. If you do not receive a payout within the timeframe, something may be wrong. Contact an attorney to help you determine your next steps.
A: There is no average settlement for a car accident in Georgia. Each car accident is different, and the amount of a settlement depends on a number of factors. The amount can range from a few thousand for minor collisions to upwards of tens or hundreds of thousands of dollars for major collisions.
A: Accident settlements take anywhere from a few weeks to a few months. This process includes finalizing the settlement agreement and the insurance company processing all the information and your payment. Generally speaking, settlements will take a shorter time if liability is clear and injuries and damages are minor.
At Nichols Injury Law, we know that the process of reaching a car settlement can be extensive. We can help you in the legal process while you focus on recovery and resuming your life. Contact us today for more information.