Posted in Car accident on December 13, 2018
If you are awaiting a settlement after a car accident in Dallas, a few factors may affect how fast you receive compensation. Costs of replacing a car often come simultaneously with expensive medical bills and potential loss of work. Generally, getting reimbursement from the insurance company takes about six weeks, but it can take longer depending on a few factors. For that reason, many car accident victims have to pay out of pocket initially.
Insurance companies are notorious for red tape and slow processes. While they do not typically have malicious intent, they often focus on protecting their own self-interest. Whether they owe a settlement check or a compensation award, they tend to work on their time rather than the victim’s. What is in the best interest of the insurance company is to pay out as little as possible – even if that means victims must pay medical and auto expenses up front. This all becomes even more complicated if no one was immediately or obviously at fault for the accident. If this is the situation, an attorney would likely make the process easier and faster.
If you are in the position of pursuing damages against another driver or another insurance company, the length of the process varies widely depending on several important factors. Here are a few examples of factors that affect the length of a settlement case.
Settlements often take longer than the standard six weeks, but if you’ve waited an inordinately long time for compensation, the insurance company may be delaying your compensation. Sometimes, this is because the process is slow, but other times, it could be because they are waiting for further proof in an accident claim. If you or a loved one has suffered harm in a car wreck in Texas and the settlement process does not seem fair, talk with an attorney.