How Long Will it Take for My Personal Injury Lawsuit to Settle?

A common question I hear plaintiffs ask is “How long will it take for my Personal Injury Lawsuit to settle?” or “What the average time a personal injury lawsuit takes?”

The only valid answer to this question is that statistically a personal injury lawsuit can average 2 to 3 years, but one must remember that no lawsuit is “average”. This means there is no expected timeframe to work with. You simply have to continue with the next step in your lawsuit and ensure that your lawyers and paralegals are working on it.

Another common question is “Why do personal injury lawsuits take so long?

The truth is that a case can be fairly “cut-and-dry”-i.e. the liability is obvious, the injuries are substantial and the insurance covers the damages-but the case can still draw out for many years. Why is that? Well, the obvious answer is money. It is in the insurance company’s best interest to extend the case as long as possible.

Let’s look at this logically: the insurance company is a profit-driven company. It has employees to pay. It has shareholders to make happy. It’s not easy trying to satisfy the dogs on Wall Street with greater earnings every quarter. In order to do that, it has to get creative and squeeze profits from areas it wouldn’t normally do so from.

One of the easiest places they’ve found to “squeeze profits” from is YOU-the plaintiff. Their policies might say that they’ll cover $100,000 in damages for the defendant, but the complex mathematical formulas on their computers already account for the fact that you are desperate and you’ll accept far less!

That’s right! They know that a certain percentage of plaintiffs are so poor and in such a bad financial situation (how could they not be after being out of work because of an accident) that they’ll accept 20% or even 10% of what is really due to them. This is where they can make that extra profit to satisfy shareholders!

One of the main questions I get is “Is it financially smart for me to get a personal injury lawsuit settlement loan?” (READ MORE)

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