Evanston, IL asked in Car Accidents for Illinois

Q: How long does an insurance company have to pay out an accident settlement?

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2 Lawyer Answers
Steve McCann
Steve McCann
Answered
  • Personal Injury Lawyer
  • Chicago, IL
  • Licensed in Illinois

A: Generally speaking, an insurance company has 30 days from the date it received all settlement documentation. If it has been more than 30 days, it is in your best interest to discuss this matter with your attorney, and if you do not have one, I suggest consulting with one immediately.

Peter N. Munsing
Peter N. Munsing
Answered
  • Personal Injury Lawyer
  • Wyomissing, PA

A: No set time. it can take 2-4 weeks depending on the amount. I just settled a case for over $300,000 and the large part of that came in 2 weeks, a small part from another defendant is yet to come! Talk to the lawyer that's handling it for you.

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