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How Long After a Demand Letter Does a Settlement Take?
When you’ve been injured in an accident brought on by the negligence of someone else, you shouldn’t have to manage the financial fallout. Luckily, Wisconsin protects victims like you by offering the option to file a personal injury claim.
Part of this claims process is sending a demand letter, which serves to jump-start the negotiations process. The ultimate goal of a demand letter is to provide you, the victim, with a settlement you are satisfied with. But if you’re facing a personal injury lawsuit, you’re likely wondering how long your settlement will take after your demand letter has been sent.
Each case is different. But to ensure your full understanding of this subject, the qualified attorneys at the Law Offices of Gary S. Greenberg have composed the following guide.
What Does a Demand Letter Entail?
The demand letter serves as a push to the insurance company or negligent party to make you a settlement offer. This gets the negotiations process started and represents the first steps toward an agreement.
To expedite the settlement process, you and your attorney need to present the strongest case possible. The following are some details your attorney may include in your letter:
- How your injuries were sustained
- How your injuries have impacted your life
- The extent of your medical treatment and associated expenses
- Reasoning as to why the other party is liable for your injuries
- The amount of income you lost over the accident
The demand letter also typically includes a set “demand” amount, or a settlement you and your attorney have agreed upon and would be happy to receive.
Timeline After the Demand Letter Is Sent
How long a settlement takes after you’ve sent your demand letter varies from case to case. In some instances, the insurance company may accept your initial demand amount and pay it immediately—although that is relatively rare.
More often, securing a settlement you and the insurance company agree upon will require a few months of negotiations.
The most common route is that, after your demand letter has been sent, the insurance company will reject your settlement amount and come back with a different value. Once that has been sent, you and your attorney will either accept or refuse the amount. This back-and-forth process can go on until a dollar amount is agreed upon.
Talk to a Personal Injury Lawyer
The personal injury lawyers at the Law Offices of Gary S. Greenberg are here to offer our assistance with your claim. Allow us to represent you in your personal injury case to ensure you secure the best settlement offer possible within a reasonable amount of time.
To speak with us, fill out the online contact form below or give us a call at 414-271-7007.