Auto Accident Settlement Timeline
Car accident victims can experience significant economic distress between their inability to return to work and medical expenditures. Fortunately, there are many victims who can receive a settlement from the other driver to help them get back on their feet. However, they all have one common concern: how long will it take for the legal process to resolve and to receive a settlement?
Nevada Car Insurance Laws
Nevada is a fault state. Therefore, when an accident occurs, you must establish the fault of the driver who caused the accident. The at-fault driver or their insurance will be liable for the damages incurred. All drivers in Nevada are required to have insurance; failing to do so may result in the suspension of registration or other penalties.
Auto Accident Injury Claim Settlement Process
First, a demand letter will be sent to the insurance company, or a filing will be made with the court. The insurance company will then conduct its own investigation to determine if the claim should be denied or given a settlement offer. If the company accepts the claim, the two parties will start negotiating to reach a settlement.
What Happens When an Auto Injury Claim is Denied?
If your auto injury claims and the responsibility to pay for damages are rejected by the insurance company, your attorney can start the process of moving the auto injury claim case into the court system.
Auto Accident Settlement Timeline
The auto accident settlement timeline is influenced by multiple factors such as the severity of the impact, the severity of injuries, property impairment, the number of injured claimants, and the specifics of the insurance plans involved. Most cases take several months, with some spanning as long as 12 months or longer depending on the status of physical recovery. Minor cases may be settled faster; however, the legal process can take years if a lawsuit is required to be filed on your behalf.
Average Auto Accident Settlement Amount
There is no set settlement amount applicable to every case. Each auto accident settlement is unique as it fully depends on the details of the case specifics. When you meet with our attorney, we will go over the components of your case and provide you with an educated opinion on the settlement amount we may be able to recover.
What You Can Do to Improve the Outcome of Your Claim
There are several key factors you can consider to improve the outcome of your claim, such as:
- Immediately seeking medical care
- Collecting evidence at the scene of the accident
- Reporting your accident to the police and insurance company within 24 hours
- Not speaking about or posting details of your accident on social media
- Hiring experts to investigate your claim and evaluate damages
- Hiring a reputable auto accident attorney
When working with an auto accident attorney, you can rest assured that they will move the process along promptly. However, there will be instances where the opposing party does not respond to requests in a timely manner. It is common for insurance companies to respond on the last day in an attempt to discourage injury victims from continuing with the case.
The Importance of Hiring an Accident Attorney
Working with an experienced auto accident attorney may be the difference between a positive case outcome and a negative one. Your attorney will handle the managing and representing of your case, so it is imperative to work with a reliable attorney that you can trust to act in your best interest, covering all of the bases of your claim with diligence and detail.
Speak With a Qualified Auto Accident Attorney
If you have been involved in a car accident in or around Las Vegas, NV, Carvalho & Associates is here to ensure you get the settlement or verdict you are entitled to. Our team of car accident attorneys has the in-depth knowledge and comprehensive experience you need to fight for your rights and ensure you get the fair compensation to which you are entitled. Contact our law firm today.