Lancer Insurance Company was founded more than thirty years ago as a bus insurance company. Over the years, Lancer Insurance Company transformed to include a variety of insurance services, some of which include the following: long-haul trucking; commercial property and liability; commercial explosives; commercial auto and garage. Lancer Insurance Company is one of the most recognized providers of truck insurance.
If you were recently involved in a truck accident, you might have learned of your right to file a truck accident claim against Lancer Insurance Company (if the truck involved in the accident was insured by this insurance company). Although you might be familiar with your right to sue and receive compensation, you might still have many questions regarding your claim—specifically the length of time it takes Lancer Insurance Company to settle a truck accident claim.
Do you have many questions about the length of the period of time for Lancer Insurance Company to pay for a truck accident involving Lancer insurance? If so, you must contact our law firm as soon as possible. Our law firm is often approached with many of the following questions:
- How long does it take to settle a truck accident claim with Lancer Insurance Company?
- How much time does Lancer Insurance Company take to make payment on a truck accident case?
- What is the average time it takes Lancer Insurance Company to settle a truck accident lawsuit?
- How long is the time period to settle a truck accident claim with Lancer Insurance Company?
- What determines the amount of time it takes Lancer Insurance Company to settle a truck accident case?
For answers to these questions and any other questions about how long a truck accident lawsuit takes that you might be having, you must contact Normandie Law Firm as soon as possible. Normandie Law Firm is a personal injury law firm with many years of experience handling truck accident claims. Our experienced truck accident lawyers have helped countless victims of truck accidents file successful accident claims and recover the compensation that they deserve. If you would like to settle your truck accident claim and put this episode of your life behind you once and for all, you must contact our law firm immediately.
The Average Length of Time to Settle a Truck Accident Claim
What is the average amount of time it takes for Lancer Insurance Company to compensate you for a truck accident case? How long do you have to wait for Lancer Insurance Company to settle a semi-truck accident case? If all truck accident claims took the same amount of time to reach a settlement, the answer to the questions above would be much simpler. However, there is no universal length of time that applies to all truck accident claims. When our lawyers encounter questions regarding the average amount of time for Lancer Insurance Company to settle a truck accident lawsuit, they often have to provide claimants with estimated lengths of time. Although the estimates provided are no guarantees of the time claims will take, estimates often help claimants gain a better understanding of the duration that they might have to wait before settling their claims.
In general, truck accident claims reach settlements within 2 years. Most truck accident claims take 12 to 18 months to reach a settlement. Some take longer than 18 months, while others take less than 12 months. Although it occurs rarely, some claims could take longer than 2 years to settle due to extreme circumstances. The amount of time it takes for Lancer Insurance Company to pay on an 18 wheeler accident case will vary significantly depending on the claim’s details. Because of that, it is essential that you discuss your truck accident claim with a knowledgeable attorney as soon as possible. If you would like more information about how long it takes Lancer Insurance Company to pay on a truck accident case lawsuit, do not hesitate to contact our law firm and request to speak with our lawyers. Our lawyers will provide you with all the information you need to file a successful claim against Lancer Insurance Company.
The Importance of the Legal Process
Undeniably, how long an 18 wheeler takes to reach a settlement can be affected by the details of your claim. For instance, the injuries you sustained and the income you lost as a result of your injuries could affect how long it takes Lancer Insurance Company to settle a semi-truck accident along with many other claim details. These details also affect the legal process, which is the most influential factor when determining how long a truck accident claim will take to settle.
What does the legal process consist of? The legal process consists of many steps with the purpose of eventually reaching a settlement. The following steps make up the legal process:
- Collecting evidence—your truck accident claim evaluates your claim and begins gathering all pieces of evidence to support your truck accident claim. During this step, your attorney is building your claim. The time it takes to complete this step depends on the availability of the evidence required and the competency of your attorney. In general, it can take a few weeks, but it can take a few months in some cases.
- Making a demand—using the evidence gathered in the previous step, your truck accident attorney must make a demand package. The purpose of the demand package is to make a demand for settlement. Depending on the competency of your attorney, the complexity of your lawyer, and the availability of all relevant records (e.g. medical records and bills), this step could take a few weeks or a few months. After creating the demand package, your lawyer will need to send it to Lancer Insurance Company for review.
- Waiting for a response—after Lancer Insurance Company receives the demand for settlement, the insurance company will likely launch a private investigation into the claim. After the investigation, the insurance company will make a decision regarding the claim and respond to the demand. Usually, it could take about one month to receive a response from insurance companies.
- Negotiating a settlement—insurance companies frequently respond that with initial settlement offers that are too low to consider accepting. Because of that, your attorney must respond to the offer with a counteroffer. Negotiations will actively continue until all parties have agreed to reach a settlement. Depending on the competency of your lawyer and the extent of the necessary negotiations, it could take a few months to finally negotiate a settlement.
- Signing the release—after reaching a settlement, the claimant will be required to sign a document which releases the insurance company from any liability for the harm suffered in exchange for the agreed settlement amount. After signing the release, the insurance company could take an additional 6 weeks to send the settlement check to your attorney’s firm.
- Paying fees—your lawyer will receive the check and separate the funds accordingly (for legal expenses, payment of liens, and any loans, for example). After outstanding charges have been accounted for and paid, your portion of the settlement will be available for you to recover. Depending on your lawyer, this step could take an additional two weeks.
To receive your settlement, all the steps above must be completed. If there is a delay in any of the steps above, your case will take longer. Even the slightest delay in one the steps above could prolong your settlement by many months. If you would like more information about the factors that could affect how long an 18 wheeler lawsuit takes, you must discuss your claim with the knowledgeable lawyers at Normandie Law Firm.
The Importance of Settling Your Claim
After you were rear ended by a truck and suffered a variety of injuries, settling your claim might be one of your priorities. Many people mistakenly believe that filing a claim with the goal of recovering compensation is simply a way to cash out from an unfortunate event. However, settling a claim goes much further than receiving a check. Nearly all truck accidents lead to economic despair; victims and their families are faced with sudden medical bills, funeral costs, and often the loss of the primary source of income. Undeniably, that could lead to extreme financial difficulties. When you reach a settlement, any financial difficulties are eradicated—as are the mental and emotional stresses caused by financial struggles. Reaching a settlement allows you and your family to stop worrying about finances and start focusing on moving on with your lives after such a devastating incident. Because of this, the truck accident lawyers at Normandie Law Firm will do everything within their reach to ensure that your claim settles for a just amount within a reasonable length of time—do not hesitate to contact our firm.
Normandie Law Firm
How long does it take Lancer Insurance Company to pay a truck accident claim? How long do truck accident cases with Lancer Insurance Company take to settle? For answers to these questions and any other questions that you might be having, contact Normandie Law Firm immediately. You could benefit from our free legal services available to you through our Zero-Fee guarantee.
During our free consultations, our lawyers will be available to provide you with the information that you need to begin your truck accident claim against Lancer Insurance Company. Our lawyers will answer all your questions and address all your concerns regarding your truck accident claim and the time it could take until your claim settles. If you would like our lawyers to guide you and help you begin your truck accident claim against Lancer Insurance Company, contact our firm immediately to schedule your free consultation.
During our free second opinions, our lawyers will also be available to provide you with all the information that you need. However, our free second opinions are designed for those who have already started their claims at other law firms with other attorneys. Unfortunately, the incompetence of your attorney could negatively affect your claim. If you have unanswered questions or doubts about your claim, or if your claim is taking too long to settle, you could benefit from a free second opinion. When you contact our law firm, our lawyers will focus on redirecting your truck accident claim towards the path of reaching a settlement. If you would like to benefit from our free second opinions, contact our firm today.
As mentioned above, our legal services are available through our Zero-Fee guarantee, a guarantee that you will never have to pay upfront legal fees. Our firm is also based on a contingency fee structure; therefore, our clients will never be required to pay any legal fees until after our truck accident lawyers win their claims. If you do not win your truck accident claim and reach a settlement, you will not be required to pay us anything. Contact Normandie Law Firm today.
