Your car accident case is finally resolved! This may mean that you settled out of court or it may mean that you won your trial. Whatever the case, when you win your car accident settlement, it is normally a moment to celebrate. This is one of the first steps to watching your life return to normal. This isn’t the end of the line, however. You still have to collect your settlement! If this is your first trial, you probably don’t know how you’ll receive the money. Here is what you need to know.
Out of Court Settlements
If you settled out of court with an insurance agency, then it is going to be a lot more straightforward for you. Insurers will almost always pay the settlement once the agreement is in writing. Now, if you happen to settle with the other driver and he or she is not insured, you may have more difficulties collecting. Keep in mind that if a driver does not have insurance, odds are he or she does not have the money to afford to pay the settlement. There are ways that you can collect, however. Depending on the state’s laws, you may be able to file a lien on his or her property. When dealing with uninsured drivers, collecting may be more difficult.
In Trial Verdicts
If you went to trial, then you still have to consider whether or not you are dealing with an insurance company. If you are dealing with an insurance company, then you will most likely get your award quickly. If you filed a suit against an uninsured driver, however, he or she may still refuse to pay. Now, you can always return to court to force the person to pay. Most insurance companies will pay quickly and will not fight the verdict. Now, an insurance company and at-fault driver are allowed to file an appeal if they do not agree with the verdict. This could cause you to have to wait longer for your compensation.
After you win your verdict, you probably want to see the money as soon as possible. You may not always receive it quickly, unfortunately. Finishing a trial can be a relief. Most people are glad for it to be over, but when it comes to receiving your money, depending on who you filed a claim against will determine how quickly you receive your settlement. For more information on how to follow through with the claims process, consult with a car accident lawyer in Philadelphia, PA.
Thanks to Wieand Law Firm, LLC for their insight into personal injury claims and how to get paid after a car accident.