Length of the Truck Accident Settlement Process in Virginia Beach
The settlement process allows injured claimants to come to an agreement with an insurance company or the trucking company responsible for their losses. When settling a case, you must sign a full release of all claims in exchange for your compensation. When signing these documents, you agree to close your case forever, and not be able to reopen the case for any reason. Even if it is revealed later that you suffered worse injuries than originally suspected, you will not be able to reopen your case. The length of the truck accident settlement process in Virginia Beach varies depending on the case. Still, because of the finality of making these settlement decisions, you should hire an attorney from Cooper Hurley Injury Lawyers before accepting any offer.
How Long Does it Take to Receive a Settlement in a Truck Accident Case?
The timeline of the settlement process varies depending on the specifics of a truck accident case. If the claimant has relatively minor injuries that resolve quickly and do not result in concerns about long-term prognosis, those cases can be resolved relatively quickly. However, if the claimant has catastrophic injuries that require months to recover and need continuous treatment, those cases take much longer. Therefore, claimants should never negotiate a truck wreck case until they fully understand the extent of their injuries and prognosis.
Expediting the Settlement Process for a Truck Crash Case in Virginia Beach
Having an experienced Virginia Beach attorney with resources can move the settlement process along for a truck accident case. It is not unusual, if someone elects to handle the claim themselves, for the insurance companies to take a long time to make a settlement offer. This is because an injured person is not viewed as a legitimate threat to file a lawsuit and take them to court without an attorney. However, if someone has an attorney negotiating the case for them, they can be aggressive with the negotiation and demand a prompt settlement offer.
If the insurance company is slow or uncooperative, an experienced lawyer could file a lawsuit immediately. Beginning the litigation process could help move things forward as quickly as possible. However, the speed with which a case is litigated is sometimes dependent upon court availability.
Statute of Limitations
While there is urgency in hiring a lawyer and doing a prompt investigation to preserve evidence, there is no rush to settle a case. This is because the statute of limitations for a personal injury claim is two years from the day of the accident if the claimant is an adult. Alternatively, if the injured party is a minor, the statute of limitation does not begin to run until she reaches the age of 18. Then, these claimants have two years after reaching the age of 18 to file a lawsuit.
It is important to note that the length of time a settlement may take for a truck accident in Virginia Beach may differ when the claimant is a minor. This is because a settlement involving a minor, the insurance companies and trucking companies will usually require court approval. During this process, the claimant and their attorney go in front of a judge and ask them to sign off on the settlement as being fair under the circumstances for the child.
Speak with a Virginia Beach Attorney about the Length of a Truck Accident Settlement
While you should never rush to settle your case, you also generally do not want to unnecessarily delay your settlement. A prompt, fair resolution is something an experienced lawyer could help you achieve. It is important though to fully understand the extent of your injuries before engaging in settlement negotiations with an insurance company or trucking company. To learn more about the length of the truck accident settlement process in Virginia Beach, call Cooper Hurley Injury Lawyers today.