When should I expect to receive my settlement check?
I received a settlement offer for a work related injury and signed the release on May 10, 2010. The amount is only a little over $6,000 so why is this taking so long? The insurance company offered the amount and we accepted. It is now June 08, 2010. When should I expect to receive payment? I've never been through something like this before so I don't know the whole process of why it takes so long.
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ANSWER for "When should I expect to receive my settlement check?":
Well, as a rule of thumb, it would be reasonable to expect a check within 2-3 weeks, but before you worry, I would check a few things:
1. Find out when the lawyer sent in the release. While you may have signed it on one day, it may not have gotten to the adjuster for a period of time thereafter.
2. Find out whether the insurance adjuster needed the release in hand before cutting a check. Many adjusters will send a check if less than, say $10,000.00 in anticipation of receiving a release while others will wait to receive it first and THEN cut the check.
3. Lastly, find out if the checks are cut from a different office. I have worked on numerous cases where I was dealing with an adjuster in one state, but the settlement drafts and releases were handled from a different office, often in yet another state.
When it comes to settling cases, there is often a huge paper trail requiring several different parties. Talk to your lawyer about the items above and ask him/her to call for status. If you get to the point of 4-5 weeks without a check, you may need to speak to the adjuster's supervisor.
Since laws change frequently, and across jurisdictions, you should get a personalized case evaluation from an attorney licensed in your state (if you haven't already). Find an experienced local attorney to give you a free personal case review here.
Best of luck,