How long do car accident settlements take? That depends on the facts of each case. In some cases, the settlement amount is an amount that is received shortly after the event occurs. In other instances, a settlement may be for a long duration. The time period can run anywhere from a few weeks to even a few years.
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The first step in determining a settlement’s length is to determine which party is the victim in the case. This could involve determining who is at fault, if anyone, and what type of damages are being sought. For example, in a case involving a car wreck caused by another vehicle, one driver may be held liable for injuries to a pedestrian that was hit by the second vehicle. The settlement will be longer in this case because of the other driver’s responsibility for the accident.
In cases where there are no injuries or wrong doing on the behalf of the defendant, then car accident settlements may take a very long time to come out. Many cases do not result in monetary compensation because they were ruled in favor of the defendant. These cases may result in a case re-taken in the future when new evidence becomes available. Sometimes it takes many years for a case to come to trial and determine if there were any wrong doing on the behalf of the defendant.
If a settlement is agreed upon before a case is filed, there is little time to do anything else with it. In the event that a lawsuit is brought against someone involved in an auto accident, the time to file a suit is generally over nine months. If both sides agree to settle out of court, this settlement will become official and the case is closed. However, sometimes both sides still want to proceed with a trial. Settlement negotiations often cannot continue for more than ninety days due to the resources that must be dealt with in the case.
How long do settlements take? They normally take about three years, but it can take longer depending on how complex the case is. A personal injury case can take longer to settle because of the extensive nature of the case and the amount of medical records that must be collected. In many instances, personal injury cases go to trial before a settlement agreement has been reached because it can take a long time to decide how much compensation will be determined.
How long do car accident settlements take? They typically will be determined based on the results of the initial case. If the case ends in a settlement, then the settlement amount will be divided between the plaintiff and defendant. If the case does not end in a settlement, then the case will go forward and a jury will decide the case results.