After everything you have been through, you may be anxious to access the financial compensation that is rightfully yours. Unfortunately, between the investigation, insurance negotiations, and personal injury lawsuit, it could be several months or longer before your settlement funds come in. You may have thought the deposition was the light at the end of the tunnel, but in some cases, it may take some time after witnesses have been deposed before your settlement funds come in.
Dedicated personal injury attorney Matthew R. Boren, Attorney at Law has your best interests in mind. Our team will work tirelessly to depose the right parties and build a compelling case against those responsible so you can get the financial compensation you are entitled to sooner. Here is more about how long it takes to receive a settlement after a deposition and what to expect from the personal injury claims process.
What Is a Deposition?
A deposition involves taking the testimony of witnesses to an accident or incident. Depositions may be taken verbally or on video, depending on the circumstances of your case, and the details governing them are outlined in Florida Rule of Civil Procedure 1.310. Multiple parties could be deposed in a personal injury claim.
Not only could a deposition be taken from people who witnessed a car accident, slip and fall, or some other catastrophic event, but the involved parties should also be deposed to ensure we have all the relevant facts we need to present your case to the insurance company and bring your case to trial. Depositions are one of the last steps we need to take before presenting the evidence we have obtained before a judge and jury.
What Happens After A Deposition?
After the deposition, we can move forward with your personal injury case. In many instances, we may request witness testimony and other information before we file a claim with the insurance company as well. We need to gather as much evidence as we can to prove the defendant’s liability both with the insurance company and when filing a personal injury lawsuit.
Once we have this testimony and supporting evidence, we can present this evidence to the insurance company and the jury if your case goes to trial. In some cases, your case may not need to go to court, even after the depositions have been taken. This is because liable parties may review the depositions and determine that settling outside of court may be in their best interest. If the liable party is unable to compensate you for the full value of your damages, you can still bring your case to trial and fight to hold them accountable to the full extent of the law.
When Settlements Are Paid Out After a Deposition
The amount of time it takes to receive your settlement after a deposition varies widely based on the circumstances of your case. Depending on how powerful the depositions are, the party responsible for causing your injuries may be willing to compensate you for your losses without having to go to trial within days of the depositions being taken. Other times, it could take weeks or months from the time the depositions were taken to the date that your case is resolved.
Even if a jury returns a verdict in your favor, that does not mean your settlement will be paid out that same day. Oftentimes, liable parties may be required to make payments or set up a payment arrangement within 30 days of the trial verdict. You can learn more about how long it might be before your settlement is paid as we move through the catastrophic injury claims process.
Contact Our Distinguished Personal Injury Lawyers for Help Today
The depositions we take as part of your personal injury claim are just one step in the entire process. In some cases, negotiating with the insurance company will not be enough to ensure you receive full compensation for your losses. Going to trial and presenting the depositions and witness testimony before a judge and jury may be your best opportunity to maximize your payout.
You can discuss your potential legal options further when you contact reputable catastrophic injury lawyer, Matthew R. Boren, Attorney at Law for a confidential case evaluation. Our firm has considerable trial experience and a powerful track record of success. Let us help you fight for the compensation you deserve. Fill out our secured contact form or call our office to get started on your insurance and civil claims as soon as today.
