John Price Law Blog

How Long Will My PI Settlement Take to Settle?

If someone else’s negligence causes you to be injured, the wait for compensation can interfere with your ability to reach your fullest recovery, which makes the timing of your settlement important. Every personal injury claim involves its own unique set of circumstances, and as a result, every claim faces its own unique timeline. This said, however, having an experienced Myrtle Beach personal injury attorney in your corner can speed up the process considerably – and help to ensure that you’ll receive all the compensation to which you’re entitled.

The Involved Insurance Company

One of the most important factors when it comes to settling your personal injury claim is the at-fault party’s insurance provider. A constant across all insurance companies is that they are in the business of making money and that they’re not afraid to dig deep in their efforts to keep settlements low.

Sometimes, this means making early, lowball settlement offers that claimants accept before they realize the full extent of their losses, but at other times, it means dragging out the process to the point that claimants accept any settlement offer out of desperation. Both are effective, and both should be avoided. Your accomplished personal injury attorney will help keep your claim moving steadily forward without ever losing sight of what’s fair in terms of your settlement.

Factors that Tend to Require More Time

There are also certain factors that tend to prolong the settlement process.

How Complicated Your Claim Is

Some claims are very straightforward, and they tend to be resolved more speedily. When each of the following applies, the insurance company will have very little leverage for slowing the claims process down:

The less wiggle room the insurance company has to drag things out, the less time your claim is likely to take. If any of the above are, however, up for debate, you can expect the insurance company to erect roadblocks.

How Willing the Insurance Company Is to Engage in Productive Negotiations

As mentioned, the involved insurance company will play a pivotal role in how long your claim takes to settle. The more inclined they are to engage in productive negotiations, the smoother the process will be. It’s also important to know – however – that if the insurance company refuses to engage in fair negotiations, your formidable personal injury attorney will not hesitate to take your case to court. 

You Need an Experienced Myrtle Beach Personal Injury Attorney on Your Side

The well-respected personal injury attorneys at John Price Law Firm – proudly serving Myrtle Beach – dedicate their impressive practice to effectively and efficiently resolving personal injury claims without ever losing focus on our valued clients’ rights and best interests. Learn more by contacting us online or calling 843-552-6011 today.