How Much Time Do You Have to Wait for your Settlement Check?

The final step of winning a personal injury claim in Oklahoma City is getting the amount promised by the jury or settling it oneself. The whole process of negotiating with the insurance company to get the claim you want is tiring. If you are doing the whole thing yourself, then it gets more stressful, which might end in your favor.

But what happens after that? Now that you have signed the settlement, you might sit and wonder when you will get the check. Several factors can affect the timeframe, which is different for all. There isn’t one answer that can apply to every situation in a settlement or disbursement case, and only your injury lawyer can tell you how much time you have to wait.

Understanding the Process

Once you are done with your verbal agreement with the insurance company regarding a fair settlement, you have to go through many additional processes. You will not be getting your money until all this process has been finished.

Your injury lawyer has to review the proposed release and then approve it for you to sign the release, where they make all the appropriate changes. In that release, it is written that you accept the settlement offer, and in exchange for this compensation, you are not going to take any further legal actions because of this case. After this, if the insurance company rejects the date, the injury lawyer consults with them to agree on the date. You have to return the release that your lawyer has given you for them to send it to the insurance company.

Get to Know About the Money

After you finish your settlement agreement, the process has many more steps to be completed. Before you can receive your agreement, the following loose ends need to be tied.

They process the release- Your injury lawyer gets the claim once the insurance company has reviewed and closes it to send your check.

The money comes in the escrow account- Your injury lawyer has to make sure that all your medical bill has been settled before you receive your settlement.

Lawyers fee- Your lawyer’s fee also gets deducted from the amount of money you receive for your claim.

The check will be mailed- Once all the deductions are made and everyone has received their due amount, you will receive your check through the mail.

Call for More Questions

If you still feel that you have some questions left that the article could not cover, then you can consider contacting lawyers from Chiaf Law Office., We have the best group of lawyers who are ready to fight for you till you get your justice.

**This content is not legal advice and does not presume, establish or imply any relationship between client and attorney.