Know More About The Payment Process For Claim Settlements

Once you have filed a personal injury claim and have hired a lawyer, you hope to be awarded the requested compensation. If you are successful, then you can expect to receive a payout. The money made available to you from that payout will reflect the amount awarded to you, as the result of either a settlement or a judgment.

The part of the process that you can control

Before the insurance company starts processing your awarded funds, it will ask you to sign a release form. Do not think that you have been singled out for involvement in a test of your patience. Every accident victim that has filed and won a claim must sign such a release. It ensures the insurer of the nature of your future intentions. It shows that you do not plan to sue your insurer.

The part of the process over which you have no control

The insurance company recognizes happens at the end-point in this section of the process. It is the disbursement of money that you claimed and will now be receiving. That money will come from the company’s bank account. For that reason, the insurer does not push the company’s employees to speed the processing procedures.
You have no control over how long it will take for the person that represented the insurance company during the negotiations to share with the company’s head the size of the award that you are supposed to receive. By the same token, you have no way of controlling the rate at which a check will be written and approved. Still, you can look forward to the final stage of the entire process
That final stage begins when your lawyer gets the check. Your lawyer’s receipt of that check does not mean that you will no longer have the status of claimant. Indeed, the injury lawyer that has received your awarded funds will make sure that you get what you deserve.

How your injury lawyer will fight for you during the process’ final stage

First, your personal injury lawyer in Collingwood will make sure that the insurance company has not issued a check without first backing that piece of paper with the proper amount of money, money that has gone into a certain bank. That is the bank that holds the account from which the check’s promised funds should come. Your injury lawyer’s efforts will be focused on obtaining evidence of the check’s ability to get cleared by your bank.
After that your lawyer’s job may be ended, so that he or she can be sending to you the funds that you deserve. Alternatively, your legal representative may need to check on any liens that have been made against the settlement money. Regardless of which imaginary situation does the best job of describing your own situation, your lawyer will work to see that you get your money as soon as possible.