After a car accident, you likely want to get your insurance check as soon as possible. In Louisiana, State Farm can take anywhere from a few weeks to several months to settle your claim.
The amount of time it takes to settle depends on several factors of your specific case. Keep reading below to learn everything you need to know about the State Farm settlement timeline.
Overview of the State Farm Settlement Process
Understanding how State Farm settlements work can help you get a better idea of how long you may be waiting for your settlement check.
After an accident, you will submit your claim to State Farm. Once the claim has been submitted, an adjuster will be assigned to your case. The adjuster’s job is to determine whether State Farm has liability for the claim, and if so, how much the claim is worth.
If all the facts of your claim align with the adjuster’s findings, State Farm may go ahead and pay your claim as requested. Additionally, they might find that the facts of your claim are in question or that the value of your claim is different from the adjuster’s estimate. In those situations, State Farm might make you a settlement offer that is lower than your claim for damages.
Some claims may be settled in as few as 30 days, while others could take months to resolve.
Estimating Your State Farm Settlement Timeline
There are several factors that influence how long it will take to get your claim settled. If there are no major disputes or disagreements about your claim, you may be able to get the settlement finalized in 30 days or less. However, some claims take weeks or even months to complete.
Some of the factors that will affect how long it takes to settle your claim are:
- Whether there are questions of liability
- The complexity of your claim
- The severity of your injuries
- The total value of your claim (higher-value claims usually take longer to settle)
- The willingness of both sides to negotiate
- Whether there are multiple defendants involved
State Farm will typically not settle claims until the victim has reached maximum medical improvement (MMI). This means that you have fully recovered (as much as medically possible) from your injuries. Settling before you reach MMI could cause you to underestimate the value of your future medical care needs.
Tips for Getting Your State Farm Claim Settled as Quickly as Possible
Most accident victims want to complete their settlement as soon as possible so they can be paid. While the facts of your case will have an impact on your settlement timeline, there are some things that you can do to ensure that your settlement is completed as quickly as possible.
If you want to get your claim settled quickly, you should:
- Be timely with your communications.
- Respond to State Farm’s requests as quickly as you can.
- Be honest and direct with your answers to the adjuster’s questions.
- Get help from an experienced personal injury lawyer.
Misrepresenting the facts of your case can cause delays with your settlement. Remember that the adjuster will perform their own investigation, so they will verify everything that you tell them.
You should also keep in mind that settling your claim quickly could leave you money on the table. Do not undervalue your claim simply to get your settlement check more quickly. An experienced lawyer can help you put a proper value on your claim to ensure that you are getting all the compensation you are owed.
Contact the Shreveport Car Accident Lawyer at Desiah Injury Lawyers for a Free Consultation
If State Farm denies your claim, you may be able to hold them responsible by filing a personal injury lawsuit. If they denied your claim in bad faith, you might even be able to recover additional damages above and beyond the value of your original claim. These situations can be easier to navigate with the help of an experienced attorney.
The team at Desiah Injury Lawyers can investigate all the details of your accident and help you pursue compensation for all your injuries and damages. Call us today at (318) 252-3034 to schedule a free consultation at the nearest location with a Shreveport car accident lawyer.
Desiah Injury Lawyers – Shreveport Office
333 Texas St Suite Suite 1300, Shreveport, LA 71101
(318) 252-3034
Desiah Injury Lawyers – New Orleans Office
201 St Charles Ave #2500, New Orleans, LA 70170
(504) 553 3047