Once the insurance company receives the signed authorization forms, it will process them and send your settlement check to your Personal Injury Attorney near Greenville SC. The check will read as. The check will indicate the agreed amount, but several steps must be taken before you can deposit the check in the bank. Checks are usually mailed within 7 to 10 business days. The first step in the process is to get the check from the insurance company or the defendant. This usually takes two to three weeks, although it is sometimes faster and sometimes slower.
In most personal injury cases involving a settlement check, the defendant's insurance company issues a check to their attorney. Your lawyer receives the check and then deducts the agreed percentage of money before sending you the balance in the form of another check. Be sure to talk to your personal injury lawyer if there is a delay in receiving your settlement check. As part of a settlement agreement, the defendant is legally responsible for compensating the plaintiff for the costs associated with a personal injury incident.
How long it takes to receive a settlement check depends on several factors, including the type of personal injury case and the type of insurance policy the defendant has. The most effective way to expedite the settlement verification process is to hire an experienced personal injury attorney. When you receive a favorable decision regarding a personal injury claim, you expect your settlement check to arrive in a timely manner. Once the insurance company's settlement check arrives at your attorney's office, your personal injury attorney will deposit the funds into an escrow account. Be proactive and hire an experienced personal injury attorney to fight for your rights, as well as to follow up on the verification of your liquidation.
Once your personal injury case is resolved, you may be wondering what the next steps in the settlement verification process are.