After a car accident, it is normal to look forward to receiving your settlement check with great anticipation. The medical bills, property repairs and lost wages have been stacking up, adding to your family’s stress after a collision. A settlement check represents a new start, with the money you need to pay the bills and finally move forward. The timeline on your payout, however, will depend on your specific case. The answer can range from a few months to a few years.
There are two main timelines for payouts for auto accidents in New Jersey: the settlement timeline and the injury trial timeline. Settlements are faster than trials; oftentimes, significantly faster. The average car accident settlement is achieved within three to six months of filing the initial claim. If the case cannot settle and has to go to court, the timeline can extend to one year or longer.
The average car accident insurance settlement in New Jersey involves several key steps from the date of the collision to the company cutting a check.
The majority of car accident claims in New Jersey achieve successful settlements. You can receive a settlement check within just a few months if your case settles. Otherwise, you will have to wait for a trial date and take the defendant to court for fair compensation. This process can take several months up to a few years from start to finish.
No two car accident claims are identical. They all have different elements, factors and timelines. How fast one person settled his or her claim may not predict the timeline of your claim. If you are curious how long it might take to receive a settlement check, consult with a Monmouth County car accident lawyer. An attorney can check your claim for factors that may impact your settlement timeline to give you an accurate estimate.
Generally speaking, a case involving serious to catastrophic injuries will take longer to settle than one with minor injuries. Serious injuries have longer healing periods, forcing the claimant to wait longer to accept a settlement. Cases with multiple defendants and liability disputes can also encounter delays. These are complex cases that require additional work behind the scenes. For more information about how long it might take you to get a settlement check for a car accident in New Jersey, speak to a lawyer near you.