After a car accident, you likely have growing medical expenses and lost wages, so you need to recover your compensation as quickly as possible.
Car accident settlement timelines vary from a couple of weeks to more than a year, depending on the specific facts of each claim. Some straightforward claims resolve in a couple of weeks, while complex cases involving severe injuries can take a year or longer to settle.
There is no settlement timeline that applies to every claim. However, the Denver, CO car accident attorneys at Dan Caplis Law have a proven record of securing maximum compensation as quickly as possible.
Colorado Car Accident Settlement Timelines
Minor accidents involving simple injuries that heal quickly and clear liability settle relatively quickly. For example, if you were rear-ended at a stoplight and suffered whiplash that resolved in a few weeks, your claim may settle in a month or two.
Cases involving catastrophic injuries, disputed liability, or multiple parties may take over a year to settle. If you suffer a traumatic brain injury or spinal damage, you do not want to settle until you understand the full extent of your damages, including expected future costs.
Factors Affecting How Long Car Accident Claims Take to Settle
Many factors can impact how long it takes to settle your car accident claim. Some of the most common factors include:
- The severity of your injuries
- Whether liability is disputed
- Whether the insurance company cooperates and acts in good faith
- Whether you are well represented by an experienced car accident lawyer
Colorado’s Three-Year Statute of Limitations For Car Accident Claims
A statute of limitations sets a deadline for filing a claim to recover compensation in a car accident claim. Colorado’s statute of limitations for motor vehicle accident personal injury claims is three years. This means you must file your claim within three years of your accident. However, there are exceptions to the three-year filing deadline. If you miss your filing deadline, you will not be able to recover compensation. So, you must promptly consult an experienced Colorado car accident attorney to ensure you understand your deadline for filing a claim.
You Should Not Settle Too Quickly
You should not accept a settlement offer until your claim has been evaluated to establish all current and future economic and non-economic damages, and those damages have been accurately calculated. Once you accept a settlement, you cannot go back and ask for more if you discover later that your damages are greater than you initially believed.
At Dan Caplis Law, we frequently work with medical and economic experts to help ensure the full value of your damages is considered and accurately determined, so you know what a fair settlement of your claim would be.
Contact Dan Caplis Law To Discuss Your Denver, CO Car Accident Claim
At Dan Caplis Law, we have over 40 years of experience handling car accident claims. We understand the importance of resolving your claim as quickly as possible while allowing time to establish and accurately value all your damages.
Our Denver car accident attorneys aggressively negotiate with insurance companies and are always prepared to take cases to trial when insurers refuse to offer fair compensation. We have the experience and skills to help you secure maximum compensation for your damages as quickly as possible.
Call (303) 529-7059 or complete the short form on our contact page and schedule a free consultation to discuss your Colorado car accident claim.