The Process of Receiving a Settlement Check in Orlando

If you were injured in an accident in Orlando, FL, because of someone else’s negligence, you could recover compensation for your injuries and losses. You will receive a settlement check when you negotiate a settlement with the opposing party. 

Understanding the settlement check process is important if you’ve been injured in an accident.

What Types of Accidents and Injuries Result in a Settlement Check?

A settlement check could be recovered in a variety of personal injury accidents. This broad category of law includes slip and fall, car, motorcycle, and premises liability accidents, among others. You could be eligible for compensation if you can prove that the at-fault party was negligent in causing your injuries.

You can recover compensation for the economic and non-economic damages you suffer in an accident. Economic damages include:

Non-economic damages include:

What Is a Settlement?

A settlement is when the parties to a lawsuit mutually agree to terms that resolve the lawsuit rather than going to trial and having a judge or jury decide the outcome. Most personal injury cases are resolved through a settlement.

A settlement can occur at any stage in a lawsuit. In some personal injury cases, the injured party and the insurance company agree to a settlement before the plaintiff files a lawsuit. However, cases often settle after litigation commences and evidence has been exchanged between the parties. 

What Are the Costs and Benefits of a Settlement?

The most evident benefit of settlements is that they lack the uncertainty of a trial. In a settlement, the parties agree to the terms. The plaintiff may not get as much compensation as they want, and the defendant may have to pay more than they want. However, a jury trial could result in a much higher or lower verdict.

Another benefit of settlements is that the case will be resolved sooner. This can be crucial for an injured party with mounting costs, resulting in lower litigation costs. 

Finally, a trial can be stressful, requiring a plaintiff to testify and hear the opposing party make statements against them. A settlement avoids this.

On the other hand, if you can’t negotiate a favorable settlement, a trial may be the only way to fight for total compensation for your injuries. 

Why Is My Lawsuit Settlement Check Mailed to My Attorney?

Typically, a settlement check will be mailed to the attorney’s office first to pay certain expenses. These include the outstanding liens, such as unpaid medical bills related to the accident and unpaid legal fees if you changed attorneys. 

The attorney will also collect their legal fees before sending the remainder to you. Most personal injury attorneys charge a contingency fee—a percentage of the client’s settlement amount. They don’t get paid anything if you don’t win your case. However, if you recover compensation, the attorney will collect their fee before sending you the settlement check.

Your attorney may also deduct any costs they paid on your behalf during the case, such as court filing fees or expert witness fees. 

How long can a lawyer hold your settlement check?

In Florida, a lawyer must disburse the remaining funds to you within a reasonable time. The specific timeline depends on the circumstances of your case and how quickly the attorney can pay the outstanding liens and other costs. You should discuss this with your attorney when you file the settlement agreement.

Most settlement checks will be sent within 30 to 45 days of your attorney receiving the funds. Contact your attorney if you’ve been waiting longer than this, as something may be holding up your lawsuit settlement check. 

Contact a Personal Injury Lawyer at Norden Leacox Accident & Injury Law Today

For more information, please contact Norden Leacox Accident & Injury Law to schedule a free consultation. We have five convenient locations in Florida, including Orlando, Palm Bay, Melbourne, Cocoa, and Titusville.

Norden Leacox Accident & Injury Law – Orlando, FL Office
633 E Colonial Dr
Orlando, FL 32803

Phone: (407) 801-3000
Hours: Open 24/7
Our firm is located near you. We have an office in Orlando, FL.
Find us with our GeoCoordinates: 28.5534238,-81.3692001

Norden Leacox Accident & Injury Law – Palm Bay, FL Office
4620 Lipscomb Street N.E Suite #3K
Palm Bay, FL 32905

Phone: (321) 677-5964
Hours: Open 24/7
Our firm is located near you. We have an office in Palm Bay, FL.
Find us with our GeoCoordinates: 28.039083,-80.6083109

Norden Leacox Accident & Injury Law – Melbourne, FL Office
1600 W Eau Gallie Blvd #205j
Melbourne, FL 32935
Phone: (321) 450-7134
Hours: Open 24/7
Our firm is located near you. We have an office in Melbourne, FL.
Find us with our GeoCoordinates: 28.1289147,-80.6461588

Norden Leacox Accident & Injury Law – Cocoa, FL Office
717 S Cocoa Blvd STE 203
Cocoa, FL 32922

(321) 449-8042
Hours: Open 24/7
Our firm is located near you. We have an office in Cocoa, FL.
Find us with our GeoCoordinates: 28.3511613,-80.7312948

Norden Leacox Accident & Injury Law – Titusville, FL Office
4527 S Hopkins Ave Suite B
Titusville, FL 32780

Phone: (407) 801-3000
Hours: Open 24/7
Our firm is located near you. We have an office in Titusville, FL.
Find us with our GeoCoordinates:28.5584923,-80.8010051