The general wait time for a personal injury settlement check varies from three to six weeks after the case is settled. However, this is very case-specific and can be shorter or longer depending on the facts and situation. Serious injury cases can take anywhere from months to years to resolve via settlement or trial.
We know waiting can be difficult, but sometimes, being patient is the best choice for a case. For example, a case may take longer because your personal injury lawyer in Milwaukee is trying to maximize your financial recovery and get you the greatest amount possible after an accident.
Factors that Influence How Long It Takes to Get Your Settlement Check
While some settlements are processed quickly, others may take weeks or even months due to legal and financial requirements. After reviewing the unique details of your case, an attorney can give you a more accurate timeline.
Some of the main factors that impact the amount of time it takes you to receive a settlement check include:
- The time it takes to finalize the settlement agreement
- The need for court approval (if applicable)
- The insurance company’s processing time
- The method of payment (check, wire transfer, etc.)
- Any outstanding medical liens
- Bank hold policies on large deposits
- Whether all parties have signed the necessary documents
- Delays due to disputes over settlement terms
- Attorney processing and disbursement procedures
- State-specific regulations on settlement payments
Working with a lawyer can speed up the process of getting your personal injury settlement check. An experienced attorney will negotiate with the insurance company, complete all necessary paperwork correctly, and work to resolve any delays.
While the timeline can vary, a lawyer will keep track of your case, address any issues that arise, and help you get your settlement check as quickly as possible.
For a free legal consultation, call 414-276-6666
The Insurance Company is Not Your Friend
The insurance company’s primary goal is to protect their profits, often by minimizing payouts, which can cause delays in your claim process. Even after agreeing to a settlement, they may delay issuing your check, citing paperwork issues or internal reviews.
Don’t face the insurance company by yourself. You need a skilled and experienced motorcycle attorney in your corner. Handling the insurance company without professional help can jeopardize your chances of securing the full compensation you deserve.
Your lawyer will take care of all communication, consistently follow up, and apply pressure to prevent hold-ups. If the insurer fails to cooperate, your attorney will take legal action, such as filing a motion to enforce the settlement, ensuring you receive your check without further delay.
How do I Get My Settlement Check?
Receiving your personal injury settlement check involves several steps. First, you must sign a settlement agreement, which outlines the terms of the payout. Then, the at-fault party’s insurance company processes the payment, which can take a few weeks.
The check is usually sent to your attorney, who will deposit it into a trust account. Before you receive your part, your attorney will deduct legal fees, case expenses, and any outstanding medical bills or liens related to your case.
Once all deductions are handled, your attorney will issue you the final settlement check. This process ensures that all financial obligations are met before you receive your compensation.
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How Long do Banks Hold Personal Injury Settlement Checks?
Banks typically hold settlement checks based on the amount and source of the funds. For smaller checks, banks may make the funds available within one to two business days. However, larger checks, such as personal injury settlements, may have a longer hold period.
If the check is from an out-of-state bank or a non-standard source, the hold time may be extended. Your bank can provide specific details about their holding policies. To speed up access to your funds, you may ask if a percentage of the check can be made available sooner while the rest clears.
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Should I Hire a Personal Injury Attorney?
Yes. If you’ve been injured, hiring a personal injury attorney is a risk-free decision since most work on a contingency fee basis; they only get paid if they win your case. Choose a personal injury law firm with an experienced team.
Look for a firm with experienced attorneys, a dedicated staff, and the resources to take on large insurance companies. Not all firms have the ability to fight for the maximum compensation you deserve.
If you or a loved one has been seriously injured in an accident, speak with a lawyer immediately. Choosing a firm with a strong track record and one you trust can make all the difference in your case.
Will My Lawyer Take Their Fee Before I Get My Money?
Yes, most personal injury lawyers work on a contingency fee basis, which means they will take their fee from your settlement or award after the case is won. A final settlement check is often sent directly to an attorney’s office, as they are handling the claim and dealing directly with the insurance company or insurance companies.
Since most personal injury lawyers work on a contingency basis, they do not get paid until they win your case. If you win or settle, the attorney fee will come out of the settlement or verdict proceeds. A document is often provided to you outlining the total settlement amounts as well as attorney fees, liens, and other items.
The contingency fee agreement that is signed at the beginning of representation outlines the fee percentage the law firm is charging the client. In a contingency fee agreement, there is never a fee until your case is won.
Call a Personal Injury Lawyer Today
The legal team at Gruber Law Offices has over four decades of combined experience helping injury victims rebuild their lives. Our team has over 130 experienced and knowledgeable legal professionals who want to fight for the compensation you need. Gruber Law Offices is headquartered in Milwaukee, but represents clients all across the State of Wisconsin.
Take advantage of our free initial consultation; just make “One Call…That’s All” to get the assistance you need today. After reviewing the unique details of your case, we will tell you everything you need to know to make confident decisions about your case.
Call or text 414-276-6666 or complete a Free Case Evaluation form
