It is after great quibbling and haggling that you have finally reached a settlement with the person-at-fault (or their insurance company) for your personal injury. Or, you may have even managed to win a favorable judgment in the lengthy court trial.
With the end in sight, you breathe a huge sigh of relief and look forward to collecting the compensation money. You check your mail everyday for the check and wait to hear from your personal injury attorney in Los Angeles, California. Alas, many days and weeks pass by but there is no word from the insurance company!
Well, fact of the matter is that there is a procedure for processing the settlement too. The first of many steps is the Release Form. This defines the terms of the settlement and also releases the defendant from any further liability for the personal injury.
Once you sign and submit the release form, the payment process can still get wrangled in the internal procedures of the insurance company and face lengthy delays. In fact, insurance companies often hinder or hold up the process and attempt to put off the payout as long as possible.
Even if they finally decide to issue the check, it will be sent to your legal representative and not directly to you. The attorney will consider any outstanding claims or liens against the lawsuit and also deduct his own fees and other legal expenses before giving you the balance amount.
Therefore, processing the settlement is a lengthy process and it can be quite a while before the compensation actually ends up in your hands – or your bank account.
Having a skilled and experienced personal injury attorney in Los Angeles, California – like Kahn Roven LLP can work in your favor as they will be dedicated to your case and try everything possible to expedite the process.
Kahn Roven, LLP - Excellence in Personal Injury Attorney 