It can take a few weeks to get money after reaching a settlement in your Pittsburgh personal injury case. There are a few steps left to complete in the settlement process even after you reach an agreement. Then, the insurance company will send the check to us, and we will get you paid as soon as possible.
Understanding the Settlement and Payment Process
Even after we agree to a fair settlement offer with the insurance company, there are additional steps in the process that must occur before you receive your money. We will need to draft and sign an agreement, first and foremost. This agreement states:
- We accept the settlement offer in the agreed-on amount; and
- In exchange for this compensation, we will not pursue any further legal action related to this incident or injuries
The insurance company will not start the process to get a check cut until they have this agreement in hand. Then, they will request a check for the amount we settled on. Getting this check issued may take a few hours or a few weeks.
When the check is ready, they will send it to us if we represent you in your case. We will process the check, depositing it and taking out the attorney’s fees and other charges we agreed on. Then we will contact you about getting your money to you as soon as possible.
Common Causes of Delays in Getting Your Money After a Settlement
While it should not take more than a week or two to get your check after we reach a settlement agreement, there are many points in the settlement and payment process when delays can occur. This may include:
Weekends and Bank Holidays
When the bank is closed, it puts the ability to process your payment on hold. If we receive your check on Friday, we will not be able to deposit your check, allow it to clear, and move our attorney’s fees into another account until Monday at the earliest.
Insurance Company Delays
There are often delays between the time the insurance company receives the signed settlement agreement and when they write a check to cover the payout. This can happen for several reasons. Some insurance companies only write checks on certain days of the week, or process payments only a few times a month.
Call Us Today About Your Pittsburgh Personal Injury Case
If you suffered injuries in a Pittsburgh personal injury accident, the team from Berger and Green can pursue compensation on your behalf. We will investigate your accident and build a strong case to support the damages you deserve. We may be able to negotiate an out-of-court settlement with the insurance company or liable party, or we can file a personal injury lawsuit for you.
Call us today at 412-661-1400 for a free case review.