After a motorcycle accident, you may have a chance to receive damages for your losses by settling with the insurance company. In this situation, many motorcyclists wonder: how long does a motorcycle accident claim take to settle?
Depending on factors like the extent of your injuries and the evidence available to demonstrate the other driver’s fault, your motorcycle accident lawyer in Davie may take a few months to settle your claim.
Our team at SKG can help you learn more about the timeline to handle a motorcycle accident claim. Find out more by calling or filling out our online contact form.
What Needs to Happen Before You Can Settle a Motorcycle Accident Claim?
You can only settle a motorcycle accident claim in Florida after coming to an agreement with the insurance company. In many cases, your PIP policy will cover your expenses, allowing you to get funds to cover your losses in a relatively short amount of time.
However, the insurance company can only settle after you receive treatment and file your insurance claim, for example.
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How Long does It Take to Understand Your Expenses?
Your insurance settlement should cover the financial losses caused by the motorcycle accident. For example, you may receive funds to cover your medical expenses. Motorcycle wrecks frequently leave cyclists with traumatic brain injuries (TBIs), broken bones, or paralysis.
You must seek medical care for your injuries and keep track of the expenses associated with your recovery. Keep invoices and records about your:
- Emergency medical treatment
- Time in the hospital
- Medical tests and procedures
- Physical therapy and rehabilitation
- Medication costs
Your lawyer may need to provide all of this information to the insurance company before you can settle the claim to ensure the company appropriately covers all your expenses.
The time it takes to recover varies for each person. Knowing the full extent of your medical needs is essential before you accept a settlement. Once you sign insurance documents, it’s much harder to get additional damages.
How Long does It Take to File an Insurance Claim?
Your lawyer can file your insurance claim quickly after an accident, allowing this part of your claim to progress. You do not have to wait a set amount of time to notify the company of your accident and begin securing funds.
In fact, the professionals recommend notifying your insurance company of your accident immediately. Informing the insurance company quickly helps to establish when the accident occurred, making it easier to secure damages.
Additionally, if you wait too long to file your claim, you may exceed Florida’s personal injury statute of limitations. Generally, you can only wait two years before losing your chance to get compensation.
How Long does the Insurance Company Take to Settle a Claim?
The insurance company will assess the information once you file your claim and submit all information about your losses. They may send out a settlement offer quickly after an accident.
However, their first offer may not fully cover the losses caused by your motorcycle collision. In this situation, your attorney may review the proposal and send back a request for more compensation, resulting in a period of negotiations.
How Long does it Take to Negotiate with the Insurance Company?
The time it takes to negotiate with the insurance company can vary based on the factors surrounding your claim. In many situations, we can complete the negotiation process in a few weeks, though it may sometimes take several months.
We’ll keep you up to date while working on your claim. After you receive an acceptable offer, you can complete the appropriate paperwork to accept it, allowing us to resolve the negotiation process.
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How Long does It Take to Get Damages After Settling Your Claim?
Once you settle your claim with the insurance company, you may still have to wait a bit to receive compensation for your losses. The company has to process the claim and issue the funds before you receive them.
Additionally, you may sometimes qualify to seek additional damages following a motorcycle accident. Florida allows you to file a lawsuit if your collision caused a permanent injury. It generally takes longer to receive damages through a personal injury lawsuit.
You can discuss all options to secure damages and the timeline to resolve your claim with our team at SKG.
Start Working on Settling Your Motorcycle Accident Claim Today
How long does a motorcycle accident claim take to settle? Our law team at SKG may help you settle your claim in a few weeks or several months, depending on the factors surrounding your collision.
We can provide a more detailed estimate of the time to resolve your case when you call or fill out our online contact form.