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Insurance companies in Georgia have 40 days to settle a claim after it is filed. Georgia insurance companies also have specific time frames in which they must acknowledge the claim and then decide whether to accept it, before paying out the final settlement.
However the typical personal injury case can take from a few months to a couple of years. Indeed, the timeline of your claim will depend on many different factors, some of which are within the control of you and your lawyer, and others that are largely within the control of the insurance company.
While every case is unique, it's true that the vast majority of personal injury lawsuits take 6 to 18 months to resolve after a client retains counsel, depending upon the length of medical treatment and the complexity of the legal issues involved.
The amount of compensation in a personal injury claim is determined by considering several factors including the severity of the injury, the impact on your life and work, medical expenses incurred, future care needs, and loss of earnings.
Generally, one could expect minor collisions with minimal property damage and minor injuries to result in settlements between $2,500 and $25,000. For Accidents resulting in severe injuries, the range sits at anywhere between $50,000 and $200,000, or possibly more.
Georgia uses a modified comparative fault standard for personal injury cases. If you are less than 50 percent at fault for the cause of your injury, you can recover compensation for your claim. Victims who are more than one-half at fault for the cause of their injuries cannot receive any money for damages.
Fortunately, monies from injury settlements or workers' compensation settlements are considered exempt from most liens. In plain English, creditors cannot take these monies via bank garnishment.
I hereby make demand of $565,759.60 for my injuries, loss, pain and suffering which were in direct correlation with the accident your insured has caused. Please respond back to this demand letter no later than 30 days from the postmarked date. Thank you in advance for your time and consideration of the above claim.