When Will My Case Settle If I Hire An Attorney?

Cases can settle at any time.  Most cases are settled – but sometimes later rather than sooner because of insurance company tactics.  It is in the insurance companies’ interest, especially in large cases, to withhold payment for as long as possible.  For example, if an insurance company owes $1,000,000.00 to someone and can pay them three years later it does not cost them $1,000,000.00 to pay them in three years – because of the savings by investing that same money over the course of time.  If the insurance company has made a 10% investment return on your money, in 3 years they are really paying you $700,000.00.  If this scenario is repeated multiple times involving huge amounts of money then the insurance company has made a good business decision for themselves. 

That is why it is important to not let the insurance company drag out the resolution of a case.  Of course, certain information has to be known before a case can be evaluated and sometimes does take time.  And not all cases are worth $1,000.000.00. 

However, there are other times when the case is not “ripe” for settlement and needs to be determined with the help of a lawyer had whether you wait or not, it will still cost you one third – so don’t wait.  You need legal counsel to make the best informed decisions you can.

We handle cases all over the State of Vermont – in Bennington, Burlington, Brattleboro, Rutland, Woodstock, St. Albans, Montpelier, Manchester, Springfield, the Northeast Kingdom and anywhere else where there is jurisdiction in the State of Vermont.  If you think we can help you, contact us for a free consultation – no fee until we receive money for you.  

©Winburn Law Offices