The final step in a personal injury case, waiting for your settlement check, may be the most taxing on your patience. Waiting a few days or weeks to get the money you need can be difficult after all of the time and effort you put into your case. However, you must be patient and ask your knowledgeable Houston personal injury lawyer any questions you may have about the process.
When Will I Receive My Personal Injury Settlement?
After you’ve reached an agreement with the insurance company for the other parties involved in your injury case, follow these steps to receive your check:
- Signing the release. You must sign the settlement release before the insurance company can issue a check. Because you agree to give up your claim in exchange for the money you receive in the settlement, your case is effectively closed at this point.
- Processing the release. The insurance company will conduct a final review and process the settlement release after it has been signed. The insurance company will usually send the check to your attorney after this step is completed.
- Depositing the check. The majority of personal injury lawyers work on a contingency fee basis, which means they will cover all of your case’s upfront costs. They are compensated by taking a cut of your settlement. So, when your attorney receives your settlement check, they will deposit it and deduct their fees and other costs from the amount.
- You receive your payment. You will get the remainder of your settlement after your lawyer has collected their fees.
It usually takes four to six weeks to complete all of these steps. However, each personal injury case is unique, and the time it takes to receive your settlement can vary depending on a variety of factors.
What Happens When the Settlement Release Is Signed?
Your case is effectively closed once you’ve signed the settlement release. You have agreed to drop your case in exchange for whatever compensation you and the insurance provider have agreed to by signing the release.
If you sign a release, it usually means you will not be able to file another claim for the same accident, so make sure you fully understand what you are agreeing to before you sign.
These Factors May Delay Your Payment
The following are some of the factors that may cause your settlement check to be delayed:
- The insurance company’s internal review process
- Disputes over the case’s legal or factual matters
- The sum of the agreement (bigger settlement checks usually require a more extended review from the insurance company)
- Whether or not you have reached the peak of medical improvement
If you have any questions regarding your personal injury settlement, contact your Houston personal injury lawyer.
Personal Injury Attorneys in Houston
You should never pursue a personal injury claim without the help of a Houston personal injury lawyer. West Loop Law and the Law Office of Nhan Nguyen, MD, JD is here to help you obtain fair compensation after being injured in an accident.
Nhan Nguyen, MD, JD and Nader Rabie, JD are here to help you make a complete recovery after a severe car accident.
Contact West Loop Law and the Law Office of Nhan Nguyen, MD, JD immediately at (713) 840-7200 to schedule a free, no-obligation consultation if you or a loved one has been unfairly injured by another party.
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