How Long Does It Take to Receive an Offer of Compensation?

Image showing a person waiting for his offer of compensation

You have probably already gone through the initial steps. Submitting your claim, providing pictures of the scene and maybe even talking to your insurance adjuster. But when things seem to slow down or come to a complete stop, is when it comes to your insurance company providing an offer of compensation. There are a few things to clear up on this topic. What you receive from your insurance company is an offer. Many drivers believe that it’s a take it or leave it situation. That’s not true, if you have received your insurance company’s offer and rejected it, you will need legal help. After seeking legal help, you will issue a settlement demand. That demand will go to your insurance provider, and then they will provide a new offer of compensation. These steps can significantly impact how long you’re waiting for compensation.

An Atlanta Auto Accident Attorney Explains the First Offer

In general, you should only have to wait 20-30 days for the initial offer of compensation. That’s an important time frame. Given this range, you may not have completed all of your necessary medical treatment and may still be missing work.

Insurance companies will often keep their offers within this range even if you are not ready for settlement. They hope that you’ll take the offer, which is often far too low, to receive money sooner.

This tactic is one of the reasons why insurance adjusters will encourage people to work without an Atlanta auto accident attorney. They want you to accept the money out of time necessity rather than based on what is fair compensation.

Additional Offers of Compensation

After the initial offer of compensation, you may receive additional offers. To receive additional offers, you must reject that first offer. A lawyer can help you determine if their first offer is fair or not. Many times, the first offer will cover medical costs and lost wages but exclude other aspects of compensation, such as lost wages and suffering.

When working with an attorney, you will likely submit a demand for settlement with a clear goal for compensation. It is unlikely that your car insurance company will immediately provide that amount for compensation.

But because the investigation is complete, you won’t have to wait very long for your next offer of compensation. Often insurance companies will deliver an offer in response to a settlement demand between three days and three weeks. The time difference will depend on the reasons behind your compensation requests and if it includes non-economic damages.

If you and your attorney agree to reject this offer as well, you will move forward with litigation. Even after opening a lawsuit against the insurance company, it is not likely that your case will go to trial.

Settlement Before Trial

Not to play chicken with insurance companies, but after you begin a lawsuit, they have one more chance to make a reasonable compensation offer. This compensation offer will likely be higher than the previous two, but there is no guarantee that they will offer a settlement at all.

Some insurance companies have a strict standing policy that they will not offer a settlement to claimants, who opened a case against them. Speak with your attorney before pursuing litigations. Legal action can sometimes lead to more costs than it’s worth.

For example, if the second settlement offer was only a few thousand dollars less than your compensation goal, your attorney may advise you to take it. Even though you are thousands away from fair compensation, taking your case to trial may result in a lower compensation payout and come with higher legal fees as well as additional court fees.

Finding a Car Wreck Attorney in Atlanta

Not only should you weigh the extent of damages in your case, but how likely your insurance company is to help you. It’s important that you keep the focus of the claim on your damages and your suffering. This is why many people turn to legal help. They often feel that the insurance company is trying to short them out of fair compensation.

Get help from an auto accident attorney in Atlanta. When looking for someone to guide you through the claim, settlement, and possibly trial, process you want an experienced and compassionate lawyer. Our Atlanta personal injury lawyers take pride in helping the injured victims of auto accidents. We’ve spent years helping people fight for both fair and full compensation to cover their economic and non-economic losses.

Latest Posts

Bicycle and Car Collisions: Legal Rights and Responsibilities
Teen Driving Accidents: Key Legal Aspects to Consider
Truck Rollovers: Unraveling Liability in Cargo Spills
Distracted Driving FAQs
Get the compensation
you deserve $$$

Local Auto Accidents

  • Atlanta
  • Conyers
  • Decatur
  • Kennesaw
  • Lawrenceville
  • Morrow
  • Watkinsville

Family pushes for change after mother of three killed in police pursuit  USA TODAY [...]

I 20 traffic Atlanta crash before I 285 lanes closed | 11alive.com  11Alive.com WXIA [...]

Lakeside High School students involved in deadly DeKalb County crash  FOX 5 Atlanta [...]

Deadly crash on Factory Shoals Road in Mableton  11Alive.com WXIA [...]

16-year-old killed in overnight DeKalb County crash identified by high school  Atlanta News First [...]

16-year-old student dies in crash, marking Lakeside High's fifth traffic fatality this school year  Decaturish.com [...]

3 Dead In Fiery South Fulton Crash Involving Slingshot: Reports  Patch [...]

1 dead after Decatur County wreck  WALB [...]

2 killed in multi-car crash in DeKalb County  WSB Atlanta [...]

Police allege that Lakeside High student was driving under influence before fatal crash  Atlanta News First [...]

Watkinsville, GA - Fatal Pickup Collision on GA HWY 53 & Snows Mill Rd  Local Accident Reports [...]

Two pickups crash killing woman and injuring four other people  Online Athens [...]

Watkinsville man killed following truck crash on Commerce Road  Online Athens [...]

Truck driver killed, 3 others injured in related traffic accidents, Athens police say  Atlanta News First [...]

Barrow Co. firefighter and son critically injured when their car collides with dump truck  Classic City News [...]

Cristal Galloso Olvera, Ivonne Olvera die in Morrow County car crash  The Legal Advocate [...]

Teen caught breaking into cars runs, gets hit by a car and critically injured, police say  WSB Atlanta [...]

2 people dead after fiery 6-vehicle crash at Georgia Welcome Center  Atlanta News First [...]

Best Personal Injury Lawyers in Atlanta, GA Of 2024 – Forbes Advisor  Forbes [...]

Fatal crash on Hwy 90 leaves Pineville resident dead, another injured  KoamNewsNow.com [...]

Collision on Cobb Parkway results in multiple injuries including two serious and another life-threatening  Cobb County Courier [...]

I 75 North traffic near Kennesaw slowed vehicle fire  11Alive.com WXIA [...]

'Major Crash' Causes 10-Mile Backup In Bartow Co.: 511GA  Patch [...]

19-year-old motorcyclist killed in crash; speed likely a factor, Cobb County police say  WSB Atlanta [...]

18-year-old celebrating birthday among 2 killed in crash. Driver now charged, GA cops say  Miami Herald [...]

Breaking: Gwinnett PD seeks witnesses in 2 crashes resulting in 4 fatalities, including 2 children  Monroe Local News [...]

Child dead after being hit by car in Mall of Georgia parking lot, 2 others injured, police say  WSB Atlanta [...]

4 Dead, At Least 3 Injured In 2 Gwinnett Co. Crashes  Patch [...]

Car Crash In Peachtree Corners Leaves 3 Dead, 3 Injured  Gwinnettdailypost.com [...]

1 driver fighting for life after Grayson Highway wreck shut down roadway for hours  FOX 5 Atlanta [...]

Who Has the Cheapest Car Insurance Quotes in Georgia in 2024?  ValuePenguin [...]

I 20 traffic Atlanta crash before I 285 lanes closed | 11alive.com  11Alive.com WXIA [...]

Conyers police officer released from hospital after being injured during chase  FOX 5 Atlanta [...]

Conyers officer discharged from hospital after injury in chase, crash, police say  WSB Atlanta [...]

Cobb I-20 E Crash Involving Tractor-Trailer Kills Conyers Man  Patch [...]

Free Case Review
Weinstein law firm logo
Let's get started with your FREE consultation