How Long after a Demand Letter Does a Settlement Take?
There are a few variables that can affect the amount of time a settlement takes after a demand letter is sent. Once the demand letter has been sent and the claim has been received by the defending party, settlement can take anywhere from a few weeks, to several months.
When you’ve suffered an injury in South Carolina, you may have found out quickly how difficult it can be to get the full settlement you need from the insurance company. You may have even received a settlement offer that was too low, and now you’re waiting on an answer for the demand letter you sent in return.
Waiting for a response can be stressful, and now you’re asking, “How long after a demand letter does a settlement take?” That time can vary, since there are many factors that will affect your claim. Retaining a personal injury lawyer can be highly effective in moving this entire process forward. Fortunately, your attorney from HawkLaw, PA can review your demand letter and help you get your settlement underway.
Demand Letter Timeline
What happens after my demand letter is sent? The timeline after sending a demand letter can be a stressful one, especially when you’re waiting on settlement.
After You Send Your Letter
Once you’ve written your demand letter and sent it on to the insurance company, the response time may vary. Typically, you can expect an answer within a few weeks. However, sometimes this process can take as long as a few months.
Unfortunately, it can be difficult to determine exactly how long it will take the insurance company to determine your settlement’s worth and respond to your demand letter. However, your lawyer can determine what factors could be slowing down progress and keeping your response from arriving.
Factors That Could Delay Your Answer
When determining what’s holding up your demand letter response, keep in mind that there may not be a problem with your letter at all. Instead, the problem may lie with the insurance adjuster. They may be dealing with many cases at once, and that sometimes means that you won’t get as speedy a response for your questions and your letter.
However, keep in mind that those aren’t the only factors that could affect your claim. In other cases, the insurance adjuster may be spending more time reviewing your case and your evidence. They’re expected to act with care and fill out all proper forms on your losses.
When your insurer fails to act with your best interests in mind, or even tries to slow or refuse your claim for financial reasons, they may be acting in bad faith. They may be trying to make you feel that you have little option but to take whatever offer they eventually give you. If you suspect that this may be the case, reach out to your attorney for help with your claim.
How A Lawyer Can Speed Up Settlement After A Demand Letter is Sent
Even if you know how much your claim is really worth, there’s a chance that your insurance company may be causing you problems. In advanced cases, especially in those where you may be seeking compensation from an auto accident, retaining an attorney can help the process dramatically. You may not know how long after a demand letter a settlement can take, so you’ll need guidance from an attorney who can help you seek answers.
If you’re waiting on a demand letter response and you’re concerned about your claim, reach out to the attorneys at HawkLaw, PA. We understand that it can be tough to get your full settlement, so you may need help settling your claim.