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The Personal Injury Settlement Agreement: What If
the Money Doesn't Come?
After signing the personal injury settlement agreement release forms,
your compensation
should soon be on its way.
Allow at least 3-5
days for the insurance company to receive the documents, a couple more
days for the check to be processed and sent out to you and then 3-5
days for it to reach you.
If two weeks
have gone by and you still don't have your settlement
money, then you should contact the insurance company.
It's almost never the
adjuster's job to sign and send out the checks,
but for now they're your only contact at the insurance company. Call
them and ask if they can look into the delay on your personal injury
settlement
agreement check.
Be polite
when dealing with them because, as
far as they're concerned, you're no longer their problem. You're now in
the hands of another department, so their only real motivation for
helping you is to keep you from calling them again.
All you need is a confirmation that the check is on its way, or
contact information for whoever is now handling your settlement
compensation.
If your contact with the adjuster doesn’t seem to
get you anywhere and your check still hasn't come, then get in touch
with the person in charge of the claims department. By this time, more than four weeks
would have passed without you
receiving your settlement check.
The person in the claims
department will want your claim number. It's a good idea to give them
the name of the adjuster you dealt with as well. Also, tell them the
amount of your personal injury settlement agreement.
No matter what their response,
you should write a
letter confirming the conversation and keep a copy
for yourself.
Whatever you do, don't take the stance that it's
okay for you to be patient
for the time being.
While you may want to
give the insurer the benefit of the doubt (either they're busy, you
aren’t in too much of a hurry, or you trust that the wheels are in
motion),
not checking on the status of your payment can make your life harder
later on.
So as long as the delay
is significant, start making
phone calls. If the personal injury settlement agreement check still
hasn't arrived
after a month has passed, you can contact your state insurance board.
The state
insurance board will only help you if it's
been more than a month
since the check should have arrived.
They will
also not intervene unless you can show that you have made several
unsuccessful attempts to get the check on your own. That’s why those
previous phone calls and letters are important.
If you didn’t make them
before, then you'd have to start dealing with it now. And from there
things might go on another month before the state insurance board
can help you.
Return
from Personal Injury Settlement Agreement to Compensatory
Damages
Return
from Personal Injury Settlement Agreement to Personal
Injury Settlement Guide
Personal Injury Areas
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