How long will it be until I get my insurance settlement?

This is one of the most common questions that clients have when their Champaign back injury lawyer has reached a settlement with an insurance company. After the agreement has been finalized, it generally takes anywhere from 14 days to six weeks before you know how much compensation you will receive. On average, it takes about a month for the insurance company to receive the documents and issue a check. Then, your Champaign back injury lawyer will calculate the fees and disburse the proceeds to you and any other eligible party.

What do I need to do before I can get my settlement check?

Before an insurance company will issue a settlement check, you or your spouse must sign a release form. By signing this document, you’re relinquishing your right to sue the company or any other person for your injuries. That’s why it is so important to read and understand the agreement before releasing your right to sue the company or the party that caused your injuries.

After the insurance company issues the check, your attorney will use a portion of the funds to cover any unpaid medical expenses or insurance charges that are due. These funds might go to a hospital, health insurance carrier, car insurance company or a third-party that paid your medical bills. The proceeds can also be used to satisfy liens if necessary.

Finally, your Champaign back injury lawyer will deduct attorneys’ fees and any expenses that were incurred during the settlement. When all deductions have been made, your attorney will issue you a check for the remaining balance.

To learn more about what to expect, contact a Champaign back injury lawyer at McCarthy Rowden & Baker. If you have any questions, call us directly at 800-373-6050.