If you sue for personal injury, negotiating for a fair settlement offer can take a while. Once an agreement is reached and the paperwork is signed, you may be wondering how long it will take to get your money. The good news is that it usually doesn’t take long. A Corpus Christi, Texas burn injury lawyer can tell you more about how the process works.
How Long Does it Typically Take to Get a Settlement?
In most cases, it only takes a few days to a few weeks to receive a settlement once your case has concluded. This is a relief to most plaintiffs since negotiating for a fair compensation offer can take a significant amount of time. After months of work and arguments you certainly don’t want to wait such a long time to receive your money.
Will I Get My Settlement All at Once?
Many plaintiffs receive all of their settlement at once. This is known as a “lump sum” payment. However, sometimes an insurer or defendant does not want to or cannot pay the entire amount at once. You may get a structured settlement where you are paid your entire compensation over time.
If you have a structured settlement you should still receive your first payment a few days to a few weeks after your case concludes. Then you’ll receive additional payments in accordance with the agreement you’ve made with the other party and their insurer.
What Can My Settlement Be Used For?
Your compensation is meant to make up for the economic and non-economic costs of your accident. It can help address things like:
- Past and future medical expenses
- Lost wages
- Loss of earning potential
- Property damage
- Psychological trauma
- Pain from disability or disfigurement
Should I Hire a Lawyer When Suing For Personal Injury?
You are not required to hire a lawyer when suing for personal injury, but we recommend working with one of our attorneys. It can be tough to prove negligence on your own, and it can be even tougher to negotiate for a fair settlement. Our lawyers have experience in this department, so they can help you calculate fair compensation and help you clinch an agreement.
They can also answer your questions about the legal process and make sure that you do not miss any important deadlines. At least schedule your free consultation with our team before you decide to go it alone.
Ask About Our Free Consultations
Whether you were hurt in a work accident or a car crash, our experienced personal injury lawyers are ready to go to work for you. If you believe that you were injured due to someone else’s negligence, contact Sahadi Legal Group. We can tell you more about your legal options and what we can do to help at a free case consultation.