Steps Involved in a Nevada Car Accident Settlement

December 22, 2022 Car Accidents

Nevada is a fault car accident state, requiring drivers to carry liability insurance in the event of a collision. If you were injured in a car accident, you have the right to file an insurance claim or personal injury lawsuit against the at-fault driver. As long as you prove the other motorist caused your collision, you could recover a financial settlement to help pay for the losses associated with your accident.

It can take several months for a car accident case to settle. When your case concludes, however, you will not receive a check right away; in fact, it could take four to six weeks for your settlement to be issued. 

Several steps are involved in the settlement process, each of which must be completed before you are paid.

Step #1: You Will Sign the Release

Once you reach a settlement, the defendant’s insurance company will draft a release. This document will essentially waive your right to pursue legal action against the at-fault driver for the same incident. In exchange, you will receive payment.

You need to sign this release before you receive your check. Your personal injury attorney will carefully review this document with you to ensure that your rights are protected and that the settlement amount is adequate. If necessary, your lawyer may negotiate to have the terms of the release changed. 

Step #2: The Insurer Will Issue the Check

After you sign the release, the insurance company will issue your settlement check and mail it to your lawyer. Depending on the company, it could take a week or longer for the check to be issued. 

Step #3: Your Attorney Will Pay Any Outstanding Debts

When your lawyer receives your check, he or she will deposit it in a client trust account. After the check clears, he or she will pay any debts that you may have, which are often called liens. Your lawyer may also negotiate with these creditors to help reduce the amount that you may owe.

Depending on your situation, any of the following parties may need to be paid:

Step #4: Your Attorney Will Deduct Legal Expenses

Next, your lawyer will deduct any attorney fees or legal expenses associated with your case from your settlement check. You will have signed an agreement with your attorney beforehand that outlines your fees and financial obligations. Usually, your attorney will have factored these costs into the final settlement amount. 

Step #5: You Will Receive the Check

Once these steps are complete, your lawyer will send you a check for the remainder of your settlement. After you have deposited these funds into your account, your car accident claim will be complete.

Injured in a Nevada Car Accident? Speak to an Attorney Today

Recovering fair compensation after a car accident is no easy task. If you were injured by a negligent driver, you need an attorney on your side who can fight for your best interests. Your lawyer will work tirelessly to negotiate the highest possible settlement and quickly recover the compensation that you deserve.

As soon as possible following your accident, seek medical care for your injuries and save all records about your treatment. Then, contact a Las Vegas car accident lawyer right away to discuss your case and plan your next steps.