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  2. Dec 7, 2023 · Finalizing the settlement figure for a car accident can take about half a year if you get back to a “normal” state quickly. Unfortunately, the process usually takes longer for most cases as there are several factors involved, especially if you only recover to a state of MMI.

  3. In Ontario, it can take many months or years to recover compensation for all of your losses. Every car accident and personal injury claim is different. As a general estimation – most personal injury claims take between 1.5 and 2.5 years to reach and adequate settlement or verdict in court.

  4. How Long Do Car Accident Settlements Take. You can expect that a car accident settlement will take at least one year, if not longer. That doesn’t mean you will not receive auto accident benefits sooner, but it does take time for both sides to determine the full extent and effects of the injuries.

    • Income Replacement Benefits Can Continue Beyond The 2-Year Anniversary Of Your Car Accident. One of the biggest misconceptions when it comes to accident benefits is that an insurance company only needs to pay income replacement benefits for two years after your motor vehicle accident.
    • Catastrophic Benefits. Before settling your claim, it is important to ascertain whether you qualify for catastrophic benefits. In terms of Ontario law, injured persons who suffer a catastrophic injury as it is legally defined are entitled to comprehensive coverage over and above someone who experiences minor injuries.
    • Be Careful About Under-Settling. A common occurrence when it comes to accident benefits claims is under-settling. An insurance adjuster will usually try to pay out the lowest amount possible for personal injury claims, especially if you are unrepresented.
    • Always Make A Counter Offer To The Insurance Company. Many people believe the first offer is the only one and are unaware they have any right to counteroffer.
  5. Apr 6, 2021 · Most accident benefits policies only cover up to $400/week in in income replacement benefits which is why it is important to have an experienced lawyer to help you recovery any shortfall in lost income and future losses by pursuing your rights for all losses through a tort claim against the at fault motorist.

  6. Time limits for suing. If you wish to sue the other “at-fault” driver, you first must give written notice of your claim within 120 days of the accident. You will then have up-to two years to bring your lawsuit.

  7. Nov 20, 2023 · In Canada, an auto insurance claim can be settled in just four to six weeks or as long as two years. The specific length of time it takes to settle an auto insurance claim depends on many factors, such as the severity of any injuries, the complexity of the case, the availability of evidence, and more.

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