The amount of time it will take for a personal injury claim to get resolved will depend entirely on the details specific to the case at hand. Some cases have taken only one week to settle, and others have taken four years. There are a number of factors that determine how likely it is that an insurance company will pay a claim quickly. Unfortunately, Georgia has a very low policy limit minimum of only $25,000 per person and $50,000 per accident. Considering the expense of medical care these days, it doesn’t take much to reach $25,0000; one emergency room visit could cost $20,000. Once an insurance company pays the policy limits, they will no longer be on the hook for any additional money. A case like this would likely settle quickly, at least in relation to that insurance policy.
It is extremely important to have an attorney who knows how to identify all potential sources of coverage for you, particularly if you are dealing with low policy minimums and high medical bills. Other sources of coverage might include your own uninsured motorist coverage or a relative’s uninsured motorist coverage. If the other driver has a policy separate from the vehicle, then you might be able to receive coverage from the other insurance policy; if this were the case, one portion of the case might settle very quickly, and the other portion of the case might take several months or years to settle.
It’s very dangerous to try to handle a personal injury claim on your own. There are numerous factors that determine the value of your case and you need to be able to identify all of them. You are entitled to damages for past and future medical bills, lost wages, and emotional and physical pain and suffering. The value of certain damages is obvious, such as the cost associated with medical care, but how does one put a dollar amount on your emotional and physical pain and suffering? Who is advocating for you in the face of an insurance company that is trying to pay you as little as possible and diminish the value of that pain and suffering so that they ultimately have to pay less on your claim?
There are also numerous insurance requirements that determine what type of insurance applies, as well as when and in what order you can settle the insurance claims. For instance, if the at-fault driver has a liability policy of insurance, then that will need to be exhausted before you can utilize uninsured motorist coverage under your own policy. When you settle that, you must have a release that contains specific language which allows you to preserve your claim against your uninsured motorist coverage. There may be multiple policies of uninsured motorist coverage that apply to the crash, and identifying them could mean the difference between say, $25,000 and $500,000, depending on the coverage.
Health insurance also plays a role in these cases. The way in which your medical bills are paid might determine how much money you ultimately receive out of the case. Certain types of health insurance have to be reimbursed at the end of the accident, which could take a significant amount of money out of your pocket. Other types of health insurance do not have to be reimbursed. You need an experienced attorney to look at your case at the outset and give you advice on the best way to pay for your medical bills as they accrue.
For more information on Resolution Of A Personal Injury Claim In GA, an initial consultation is your next best step. Get the information and legal answers you are seeking by calling (912) 401-8880 today.