Personal injury lawyers often get this question from a prospective client: How much money can I get for this accident? Sometimes a possible client poses this question: How long will I have to wait, before I can get my compensation?
The ability to get compensated in a hurry does not guarantee the acquisition of a fair compensation.
Insurance companies frequently tempt a claimant with the chance to enjoy a quick settlement. Insurers appreciate the claimant’s need for money, due to the existence of so many demands on the claimant’s financial resources. Personal Injury Lawyer in London caution their clients against accepting an adjuster’s first offer. Lawyers tell their clients to avoid negotiations until their treating physician has described their condition as one that has reached the level of maximum medical improvement (MMI).
On the list of the jobs for a personal injury lawyer belongs the one that deals with arranging for the signing of the release form. That is the form that the insurance company wants signed, before it will agree to pay the claimant the promised compensation. Accident victims that sign such a document forfeit their ability to seek money from the insurer, if their injury gets worse, and triggers the development of complications.
Some cases take longer than others.
An investigation of the circumstances for a given case could show that both of the involved parties were partly at fault. Sometimes, too, the plaintiff with a personal injury claim has a pre-existing condition. The insurance company will fight for a lower settlement figure, if the existence of that condition comes to light.
If an adjuster has a generous amount of money to play with, then the insurance company could be far from eager to reach a quick settlement.
Not all injuries heal quickly. When the symptoms are slow-to-appear it usually takes longer to administer a full and effective treatment. That means that it takes longer for the injured party to reach the level of MMI.
Remember what was mentioned earlier about that level (MMI). An attorney might fight an insurance company to get an extension of the statute of limitations, rather than have a still-healing client sign a release form. That would certainly be true if the same client happened to be a minor. The law accepts the need for an extension of the statute of limitations, if a minor has been injured. Of course, insurance companies do not want to pay for the added medical expenses.
Consequently, the minor’s legal counsel tries to obtain an extension. The insurance company fights to settle the case, in order to obtain a signed release form. Thus, the case takes longer than the insurer expected, on the basis of the mild and slow-to-appear symptoms.