Time Limitations to Send an Accident Settlement Letter

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If you recently had a automobile accident, then you have probably had some concerns about the accident insurance settlement course of action. You want all of this business to be over and done with as soon as possible. You want your car repaired, your medical bills paid, and your lost wages reimbursed so you can get on with your life.  

The Importance of Timing

Unfortunately, many auto insurance companies seem to take longer to settle a claim than most people in this situation want to wait. If you have reached this point, it may be time to consider sending an accident settlement letter to the claims adjuster of the insurance company you are dealing with.  

  • If your accident claim is not a complicated one, with just a small amount of damage to your vehicle and little to no medical expenses, you can go ahead and get together the information needed for the accident settlement letter.
  • However, if you were injured in the accident, you should wait until the doctor who is treating you deems that you have reached “maximum medical improvement” or MMI. If you continue to have problems, then it is sound reasoning for you to seek a second opinion.
  • You do not want to settle your claim while there is a chance that your medical issues will continue, for at the time of settlement, you will be asked to sign a release form that basically says you have given up the right to seek further compensation regarding your injuries.

Time is of the Essence

Do be aware that there is a time limitation involved in sending an accident settlement letter. Every state has its own statute of limitations, which is a period of time where either your case is settled or is filed with the courts.. The mentally disabled and minors are usually the exception to this rule. Statutes of limitation can also vary. It all has to do with the type of car accident claim you are expected to file. If you suffered severe injuries in the accident and it is going to take some time for you to recover, then you need to learn more about the statute of limitations in your state.

Let a Legal Voice Speak for You

It is always good to seek legal counsel when determining the proper time to send an accident settlement letter. A competent attorney who is well versed in accident claims can help you get the compensation you deserve.