When Will I Get My Personal Injury Settlement?

when will i get my personal injury settlement

Have you been injured in an accident and are now wondering when you will receive your personal injury settlement?

The answer is not a simple one.

Every case has its own unique timeline, but there are some common factors that can affect how long it takes to settle a personal injury claim. In this article, we’ll explore what those factors are and provide insight into the process of getting your settlement.

No two accidents or injuries are the same, so settling personal injury claims vary from case to case. That’s why it’s important to understand the legal process of filing for compensation after being involved in an incident that caused physical damage or harm.

Several steps must be taken before a settlement agreement can be reached between both parties, which can lead to delays in receiving financial compensation.

This guide will teach you what affects your situation and discover strategies for streamlining the process.

Contact The Jones Firm to schedule a free case review.

Determining Eligibility for a Settlement

Personal injury settlements can be an important part of the recovery process for those affected by an accident.

Before a settlement can take place, however, it’s essential to establish eligibility. To do this, you’ll need to determine if there is someone who can be held liable and what laws apply to your situation.

First, it’s important to identify any parties that could be responsible for your injuries. If their negligence or fault contributed in some way, these people may owe you compensation.

You should also consider the statutes of limitations for your case. This is the deadline for filing your case. In Ohio, the statute of limitations for personal injury cases is two years from the date of the accident. If you don’t file a claim or lawsuit within two years, you won’t be able to receive compensation.

Calculating the Value of a Settlement

A personal injury settlement amount depends on the specifics of your case.

Generally, you should calculate money for medical expenses, lost wages, and pain and suffering. To calculate an accurate amount, you’ll need to assess each individual expense.

Start by compiling all relevant medical bills from doctor visits, treatments, medications, and any equipment or supplies needed for recovery. You should also account for any income that was missed due to being unable to work as a result of the accident or injury. Finally, consider how much distress the incident has caused in terms of physical discomfort and emotional trauma.

Negotiating With Insurance Companies

When it comes to negotiating a settlement for personal injury, the insurance company has a lot of power. Insurance companies have access to many resources and may use them to their advantage in order to minimize or deny any claims you make.

Negotiating with an insurance company can be difficult. They will use anything you say or do against you. That’s why we advise working with a personal injury lawyer. A lawyer will negotiate with the insurance company for you. They will do whatever it takes to ensure you get fair compensation for your damages.

Filing a Lawsuit for Damages

If insurance won’t pay for your damages, you may need to file a lawsuit. This involves filing a complaint in court that outlines the details of your case and requests damages for injuries suffered as a result of another’s negligence.

When pursuing this option, it’s important to:

  • Consult with an experienced personal injury attorney
  • Gather evidence, such as medical records and photos
  • Calculate what amount you believe is fair compensation for your losses

You’ll also have to decide if you wish to take legal action against any other parties who were involved in the accident or incident that caused your injury. Going through the process of litigation can be very time-consuming, which can delay your settlement.

Resolving Claims Through Mediation

Mediation is a popular way to resolve personal injury claims and can help both parties reach an amicable settlement. Mediation is often less expensive than going to court because it avoids the time and costs associated with litigation.

During mediation, the injured party will meet with their lawyer, the defendant’s attorney, and a neutral third-party mediator, who will assist in negotiating a resolution of the dispute between them. The mediator’s job is to facilitate communication between both sides so that they can come to an agreement on how much money should be paid for damages.

In order for mediation to work effectively, both parties must be willing to compromise and negotiate in good faith. If successful, this process could result in a more timely resolution of your claim than waiting for a trial date or other legal proceedings.

Contact The Jones Firm Today

As you can see, getting your personal injury settlement can take some time. Before you can even file a claim, you must establish your eligibility and calculate all of your damages, which can be time-consuming.

Then, you have to negotiate with the insurance company. If this fails, you may have to file a lawsuit and litigate your case.

If you want to streamline this process, your best choice is to work with a personal injury lawyer. At The Jones Firm, we will do whatever it takes to help you get your settlement as soon as possible. Contact us today so we can get started on your case.

Author Bio

Geoff Jones is the CEO and Managing Partner of The Jones Firm, a personal injury law firm in Columbus, Ohio. With years of experience in personal injury law, he has zealously represented clients in a wide range of legal matters, including car accidents, medical malpractice, slip and falls, wrongful death, and other cases.

Geoff received his Juris Doctor from the Ohio State University Moritz College of Law and is a member of the Columbus Bar Association. He has received numerous accolades for his work, including being selected to Super Lawyers Rising Stars for 2022-2023.

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