It is challenging to estimate how long a motorcycle accident settlement takes. This timeline varies depending upon the facts of your case, the evidence available, how the responsible party’s insurance company cooperates with your claim, and other factors.
It may be possible for you to settle in a few days or weeks. Sometimes, insurance companies make an immediate offer to accident victims for a low amount. While you may have a significant need for this money, settlement offers may come with a stipulation that you cannot recover additional compensation later on.
Instead of accepting an initial offer, it may be in your best interest to engage in settlement negotiations once you have a sense of your damages and their value. This may include the completion of medical care and an assessment of your damages, which could extend your case by several months.
Once you have determined a value for your case, you still may need to engage in settlement negotiations with the responsible party’s insurance company. This could prolong your settlement even more.
What the Settlement Process Entails
If you suffered relatively minor injuries and fault is apparent, your case might go faster than someone who sustained catastrophic injuries in a multi-vehicle accident.
Regardless of how serious your accident was, you may want to consult with a law firm that handles motorcycle accidents to discuss your options and what timelines may apply to your case.
Some phases that may extend your case include:
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Diagnosis and Treatment
It may be useful in your case to have your injuries fully diagnosed and treated before settling your injury claim so that you understand the value of an adequate settlement.
Alternatively, you or your lawyer may be able to request a professional opinion from your physician to determine if you require future medical care, as well as an assessment of your costs.
Comprehensive Assessment of Damages
Understanding how much you lost because of the motorcycle accident can help you settle your case. When you work with a motorcycle accident lawyer on your case, they may be able to document your financial, physical, and emotional losses with proper, admissible evidence. This may include testimony from medical, vocational, and economic experts.
Doing so may provide them with a foundation to demand money for:
- Past and future medical costs
- Lost work wages for missed time
- Physical pain and suffering
- Mental anguish
- And more
These are not the only forms of compensation that may be available in a motorcycle accident case.
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Negotiations With the Insurance Company
Once your lawyer has gathered the necessary evidence, they can draft a demand letter to the responsible party’s insurance company. This letter may include:
- The facts of your cash
- A statement of your injuries
- Your future prognosis
- A breakdown of your costs
- How much you are demanding
- A deadline by which the insurer must respond
During this stage of your claim, your lawyer may begin settlement negotiations on your behalf. Once the insurance company reviews your claim, they may counter back-and-forth. There is no set timeline for this. Again, it really depends upon your case.
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If Your Claim Goes to Trial
If the responsible party’s insurance company refuses to make you a fair settlement offer, you still have the right to file a personal injury lawsuit against them and take your case to trial as a last resort. This can extend the time it takes for you to potentially recover compensation.
The Statute of Limitations
Keep in mind that a general two-year statute of limitations applies to personal injury lawsuits in Indiana, per IC 34-11-2-4.
Sevenish Law Firm, P.C. Represents Motorcycle Accident Victims in Indianapolis
If you were injured in a motorcycle accident in Indianapolis, Sevenish Law Firm, P.C. may be able to represent you. Our firm’s founder, Randy, is an avid rider and takes it personally when someone else’s negligence injures a fellow motorcyclist.
Sevenish Law Firm, P.C. can handle all the legal tasks in your case while you focus on your recovery process. We can answer your questions, provide legal advice, and be clear and communicative about the timelines in your case when we represent you.
Call Sevenish Law Firm, P.C. now at (317) 636-7777 for a free consultation on your case with a member of our team. A representative of our firm can answer your questions and discuss how long your motorcycle accident settlement may take as part of this call.
Unlike discount law firms that are jacks of all trades but masters of none, Sevenish Law Firm, P.C. is dedicated to personal injury cases. The Lawyer Who Rides may be able to handle your case on a contingency-fee-basis with no up-front payments necessary.