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How car accident settlements work

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Here at Phoenix Accident and Injury Law Firm, we’re always looking for new ways to help explain the legal process around car accidents and how a final car accident settlement is reached and importantly- agreed on. As a victim of a car accident, you’ll already know that the legal process can already feel complex and overwhelming, so how do lawyers even reach an agreement on a settlement, and who decides on the final amount rewarded?

Your settlement process will start the minute you make your claim with the insurance company involved but sadly doesn’t mean you’ll receive your settlement soon after. Our experienced attorneys handle car accident settlements all the time, and we want to share our own experiences to help manage expectations when it comes to waiting for settlement payouts.

The injury attorneys at Phoenix Accident and Injury Law Firm near you have significant experience in helping clients who need help getting their car accident settlements.  Our offices are conveniently located in nearby Chandler, Peoria, and North Phoenix, and we can meet in-person at our nearby offices, over the phone, or video call.  You can contact us for a free consultation, or read on to find out more.

By the way, we will also help with other problems that have cost you sleep, like getting a rental car very soon and finding a nearby doctor who can help you. Even the best legal team isn’t good enough if your quality of life isn’t sustainable while justice and compensation are on the way. The whole point of legal action is to regain quality of life, so we help you long-term as attorneys and short-term as your go-to people. Our familiarity with the local Phoenix courts makes us confident that we can help you get the best settlement possible.

How car accident settlements are agreed

As a car accident victim, you’ve probably got a tonne of other questions like, how long will your claim take to be settled? Or how much will you get as a settlement payment after all the repairs, medical bills and ongoing issues you might have now are all considered? 

First, you’ll probably have filed a claim with the insurance company which immediately hands over your case to them. Depending on the severity of your accident, an insurance company will have to start an investigation and involve a legal attorney to help establish what happened and who is at fault.

This process can take anywhere between 6 months and 2 years- some cases even longer- before your settlement will be processed. Once they have reached an agreed amount, your attorney will then consult you on the settlement amount and explain how they agreed on the amount with the insurer.

From the moment you agree to the settlement, the insurance company will then have a certain time they will send the money to your account which they will make clear with you. Typically than can be 5-7 working days once you’ve agreed on the amount, before it reaches your bank account.

How Thompson Law will process your car accident settlement

We’ve previously written a handy guide to the car accident settlement process to help steer our own clients through unknown territory and answer some of the more common questions we get surrounding settlements in car accidents.

Much like your own car accident, our dedicated team recognizes that every case is unique and will have a very different outcome so we never give financial estimates out until we’ve understood every part of your own accident case. We leave no stone unturned when it comes to legally represent a settlement case. Our attorneys will always carefully consider your injuries and any ongoing factors that have directly impacted your life after an accident, to help reach a settlement amount that truly reflects your pain and suffering.

Get Help Now 

At Phoenix Accident and Injury Law Firm near you, we have more than 15 years of experience helping clients obtain compensation for their personal injuries and car accident settlements in the Phoenix area. When you’re ready to talk, please contact our office to arrange a free initial consultation by phone or at our Chandler office, conveniently located near you.

If you need to claim your car accident settlement, contact Phoenix Accident and Injury Law Firm in nearby Chandler, AZ to speak with an experienced personal injury attorney. We provide personal injury legal services to clients in your area including Chandler, Gilbert, Mesa, Scottsdale, Tempe, and Peoria.