This form is a sample letter written by the attorney for the plaintiff to the defendant's attorney, seeking to resolve the plaintiff's claims prior to a trial of the matter.
Georgia Letter regarding Settlement of Personal Injury Claim
State:
Multi-State
Control #:
US-PI-0231
Format:
Word;
Rich Text
Instant download
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Description
How to fill out Letter Regarding Settlement Of Personal Injury Claim?
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FAQ
Insurance companies in Georgia have 40 days to settle a claim after it is filed. Georgia insurance companies also have specific time frames in which they must acknowledge the claim and then decide whether to accept it, before paying out the final settlement.
Most personal injury settlements are paid within two to four weeks after agreement. Complex settlements requiring special conditions or court approval can take months.
The good news is that no, in most cases, personal injury settlements in Georgia are not subject to tax. And, in rare exceptions, you may only owe taxes on the part of your settlement, not the whole thing. Personal injury laws are already confusing enough as it is.
Generally, one could expect minor collisions with minimal property damage and minor injuries to result in settlements between $2,500 and $25,000. For Accidents resulting in severe injuries, the range sits at anywhere between $50,000 and $200,000, or possibly more.
What to include in an injury demand letter The date of the accident. Name of the insured. Policy number, if available. What parties were involved in the accident. Events leading up to and causing the accident. Detailed information regarding economic damages, broken down by category. Explanation of non-economic damages.
Cashing in Your Settlement Check With Your Bank Generally, a bank can hold funds: For up to two business days for checks against an account at the same institution. For up to five additional days for other banks (totaling seven days) For longer periods if reasonable.
In Georgia, the insurance company will have either thirty (30) or sixty (60) days to review your demand letter ? depending on your circumstances. Some insurance companies work quickly and will be able to evaluate your claim in a few days or weeks. Others wait until the last minute.