Insurance companies’ settlement times for vehicle accident claims will ultimately be determined by the facts surrounding the claim in question. There are several things to examine in this case. A vehicle accident lawyer from our firm can assess your case to determine who was at fault, the number of your injuries, and the sorts of compensation you may be entitled to.
There are other additional elements at play that may influence the amount of time it takes for your car accident claim to be handled in the state of Florida, so be patient and trust your car accident attorney to get the job done.
Following the development of your case, a vehicle accident lawyer from Ovadia Law Group will begin negotiating with the insurance companies involved. The insurance company will investigate the accident and determine whether to pay out or refuse the claim in a fairly straightforward settlement. The amount of time it takes to resolve a claim will vary depending on the type of claim.
More complicated issues, such as those that involve a lawsuit, could take a year or even more to resolve. When there are serious injuries that require long-term medical treatment in the state of Florida, the process of reaching a settlement may become even more difficult.
There’s no need to be concerned. We realize how stressful it may be when bills pile up after a vehicle accident, and it’s even more challenging when you’ve sustained catastrophic injuries. The Ovadia Law Group will work tirelessly to resolve your automobile accident case as quickly as possible, and we’ll keep you informed every step of the way.
Average time for a car accident settlement
In the state of Florida, insurance companies have a limited period of time to reply and accept or deny a vehicle accident claim.
If all parties involved reach an agreement, Florida Statute 627.4265 gives the insurance company up to 20 days to pay the claim.
The length of time it takes for insurance companies to acquire key facts about your case determines how quickly your claim will be settled.
Average time to settle a car accident lawsuit
When you’ve been in a car accident in Florida, the bills and other expenses that come with it can add up quickly. Medical bills, missed wages, property damage, pain and suffering, and other losses are frequently included in the costs. It is reasonable that you may feel overwhelmed in the days following a car accident. You should consider hiring a car accident lawyer to assist you in recovering the compensation you are entitled to.
However, you’re undoubtedly thinking, “How long does a car accident case take to settle?” Only a vehicle accident lawyer will be able to accurately answer this question once they have gathered all of the facts in your case.
We have over 13 years of combined experience at The Ovadia Law Group to assist clients in understanding the regulations governing vehicle accident claims in Florida. Our law office is well-versed in traffic laws, and we will walk you through the process step by step.
If you have any questions about a vehicle accident lawsuit, you should obtain legal advice from a car accident attorney right away. Our telephone lines are open 24*7.
Car accident settlement time frame
In the state of Florida, every insurance company has a fair length of time to accept or dismiss a vehicle accident claim. According to Florida Statute 634.336, it is illegal for an insurance carrier to fail to accept or deny a vehicle accident claim within a reasonable time after the claim is submitted. If an insurance company denies an automobile accident claim, they must provide a justification for their denial. It’s also illegal for an insurance provider to misrepresent a case’s facts, mislead about the amount of coverage available, or refuse to communicate effectively once a claim has been submitted for assessment.
An insurance company must pay within 20 days of agreeing to settle with the other party, according to Florida Statute 627.4265. They must, however, pay the claimant 12 percent yearly interest if they do not pay by the due date. Car accident settlements are sometimes vast sums of money, which means that if the insurance company fails to pay out on time, a 12 percent annual interest rate can quickly add up.
Personal injury law
Within 14 days of an automobile accident, you must seek medical attention to file a claim for personal injury protection funds (PIP). The insurer must accept or refuse your claim within 30 days of submission, according to Florida Statute 627.736. If you do not have all of the essential information at the time of submission, the insurer has up to 30 days to pay the claim once all of it is received.
They must provide an explanation if they refute the claim. If the refusal were due to a customer error, the insurance company would be required to explain why. You’ll have up to 15 days to resubmit a revised version of your claim to them in this situation.
Contact the Ovadia Law Group today.
If you were involved in a car accident in Florida, that was not your fault, and you may be unsure what to do next. Personal injury claims can cost tens of thousands of dollars, so you’ll want to be sure you’re collecting the money you deserve for your injuries, damages, and other losses. To accomplish this, you will require the assistance of a car accident lawyer.
Ovadia Law Group has a combined 13 years of experience in obtaining compensation for vehicle accident victims all around Florida. Our team of automobile accident lawyers knows the stress you’re under, and we want to help you get back on your feet as quickly as possible.
Even in the most challenging situations, our law office has an excellent reputation for assisting clients and attaining the best possible results. We will fiercely battle for the success of your personal injury case if you place your trust in us. We will make sure that you receive the highest amount of compensation possible to cover all of your injuries, damages, and other losses incurred as a result of your vehicle accident.
Call Ovadia Law Group immediately to schedule a free consultation with an experienced automobile accident attorney who will walk you through the process and answer all of your questions. Our phone lines are available 24 hours a day, seven days a week, so call whenever you’re ready to talk.
Call us right now at 1-800-378-1242 to schedule a free consultation, and we’ll work together to fight your automobile accident.
