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How Do Personal Injury Settlements Work?

After a car accident, your own insurance will pay some of your medical bills with Med Pay(Medical Benefit Payments) up to a limit from your policy. The other side's insurance won't just start paying for medical bills when the Med Pay has exhausted. Instead, they would want to wait until your ready to settle your claim and pay a one-time payment in exchange for a signed release. The settlement will be based on the information you submit to them such as medical records, medical bills, and wage loss. How long does the whole process take from accident to settlement? It varies. It depends on how much medical treatment you need and when we decide it's time to send a demand letter, outlining your case, to the opposing insurance. If we can't agree on a settlement amount, then we will have to file a lawsuit which could take 6 months to a year to go through the court process. The goal is to get better and full and fair compensation for your injuries.

My name is Chris Parks, and I am a Personal Injury Lawyer located in Boulder, Colorado. I have been practicing personal injury law since 1987 and received my law degree from Tulane University. I am licensed in three states: Colorado, Texas, and Louisiana. I represented thousands of individuals against insurance companies and have tried many lawsuits to a verdict or settlement. I have collected over $100 million dollars for my clients. If you have any questions, feel free to give me a call, (720) 805-1193, I offer free personal injury consultations. It doesn't cost anything to talk to me over the phone and I am happy to do so. Chris Parks Law 250 Arapahoe Avenue, Suite #301 Boulder, CO 80302 Phone: (720) 805-1193

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