How long does it take to settle an ICBC claim for a reasonable amount?
Dec 26, 2020
Notice: Undefined variable: cofig in /var/www/icrowdmarketing/submission/news.php on line 386
Notice: Trying to get property 'poweredby' of non-object in /var/www/icrowdmarketing/submission/news.php on line 386
iCrowdMarketing
When you file for an ICBC claim, you may wonder how long will it take to settle your claim. Unfortunately, there is no definite time for the ICBC settlement. Because all cases and situations are unique from others. That’s why the settlement always depends on the situations and some certain factors.
Sometimes, your settlement claim can take a long time, and you can also follow some steps to expedite your settlement process. If you work with a professional lawyer, that lawyer can also help you maximize the settlement amount within a short time.
In this writing, we will discuss how long it takes to settle an ICBC claim for a reasonable amount. So keep reading!
ICBC Settlement claim process:
A settlement process is usually done by a mutual agreement between the insurance company and its client. In this case, both parties need to acknowledge the agreement or payable amount. When a client files for a settlement claim, s/he needs to go through some legal rules and processes.
Sometimes, people seek help from a personal lawyer for a settlement claim process. A personal lawyer may help his or her client get a reasonable settlement amount quickly. But the processing time is uncertain to predict, and it is mostly based on incidents and situations.
Again, you can also claim ICBC settlements without a lawyer. However, you need to know the following things before that.
Things that may slow down a settlement process:
There are few things for which a settlement process can go slower. Sometimes, the complexity of the case can also be a reason for this. For example, when the compensation amount includes only the hospital expenses and visible damages, the settlement would be easier and faster.
In contrast, when a case involves some emotional loss like pain and suffering, mental stress. Then usually it is compatibly hard to predict the loss. In those cases, it may take a longer time. Generally, the simpler the case is, the shorter time it will take.
When you apply for a settlement claim to ICBC, they take a compatibly short time to settle your claim. If you claim for a big amount of settlement, it may initially delay the settlement time. And no matter what, it is also very important for you to go for a reasonable settlement amount.
How long does it take to settle?
As we have known, that the settlement time will depend on the circumstances and a few factors. But usually, an ICBC settlement claim takes around 12-24 months after an accident. But if the accident happens somewhere outside of British Columbia, it may take longer than the regular time.
Factors like your car damages, your physical or mental injuries are inevitably related to the time to settle a claim.
When the accident is complex enough that it involves a lot of injuries and damages, it may take around two to three years to trial.
Because sometimes, in physical injury cases, the medical specialist cannot predict the future health condition of the victim. In those cases, the victim needs to wait for a few years for clear medical information. However, you are required to send a legal notice for 2-3 months to ICBC.
Usually, the insurance company gives around five to six months for a seriously injured victim to sue. So, the victim can get some time for a reasonable settlement amount. But if the victim’s heath condition is ongoing and uncertain to predict, then the chances to get a reasonable claim will reduce.
Way of expediting a settlement claim process:
There are a few things that help you to expedite the settlement claim process. In some cases, there is no specific time for a settlement claim. But if you know some tactics, you can speed up the process.
For example; Before claiming for a settlement, you should prepare all the necessary documents and copies of the hospital bills, loss of income, damages, and so on.
Furthermore, you need to prepare for every possible thing that may support your claim. Other than this, the most common and very effective way to speed up your settlement claim is to hire a professional lawyer.
Not only expedite the settlement claim, but a lawyer can also help you negotiate with the ICBC. And a lawyer will make sure a reasonable and fair settlement on behalf of you.
Final words:
If you are recently claimed for a settlement to ICBC, then firstly, make sure you are prepared with all the necessary documents and copies of all the reports and bills. In the first place, you do not have to worry about processing time. Just go with the procedure, and if everything goes right, you can expect a fair settlement.
If you want to expedite the settlement, you can seek help from a professional lawyer experienced in this field. You can also take consultation from professionals before hiring a lawyer. But if you know about the claiming process, then you can also do it by yourself.