What you should do if this happens to you!
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| Ways to save on your auto insurance |
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Shop around and compare prices. A list of companies can be found in your local yellow pages of your phone book.
Maintain a good driving record.
Take the highest deductible the insurance will allow for collision and comprehensive coverage. A higher deductible will lower your premium.
More ways to save!
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How Long Does It Take To Settle An Injury Claim?
Every injury case is different. Time to conclusion depends largely on the circumstances of the injury, the nature of the at fault party, the insurance company, the insurance adjuster and the attorneys involved. If liability is clear and the adjuster has gathered all pertinent information to conclude their investigation, you could receive a check in 2 weeks. As long as your injuries are minor and you have completely healed.
There is a wide time range for settlements, and that timeframe changes substantially if a claim escalates to an actual lawsuit. Most minor claims involving soft-tissue injuries typically settle within 1-6 months.
The clock starts ticking from the date of the accident until you are required by law to receive compensation and are forced to settle your bodily injury claim.
Statute of Limitations refers to the time period within which a lawsuit must be filed. The deadline can vary, depending on the type of lawsuit. The Statute of Limitations can range from 1-6 years depending on which state the loss occurred.
Failing to file a claim within the time period allotted will bar you from any type of recovery for your injuries.
There is no Statute of Limitations for minors (under the age of 18 years). Therefore, if a minor is involved in a car accident and is injured, they can pursue legal action when they turn 18. If a minor is injured or harmed in an automobile accident, their legal guardians can also collect on their behalf.
Once a settlement amount has been reached, your settlement is full and final and you must sign a release form in exchange for the settlement check. At no time will the insurance company issue a settlement check without your signature releasing their driver for any potential future claims against them.
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More Information:
How long does it take to settle a claim?
Putting a value on a claim
Structured settlements
In 2005, there were nearly 6,420,000 auto accidents in the United States.
About 115 people die every day in vehicle crashes in the United States, estimating one death every 13 minutes.
Motor vehicle crashes are the leading cause of death for U.S. teens, accounting for 36% of all deaths in this age group.
California leads the nation in traffic fatalities. More than 4,000 sustain serious injuries, such as quadriplegia, paraplegia, brain injuries, and spinal cord injuries.
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Insurance Resources
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