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When filing a legal claim in Georgia, demand letters play a critical role. If you have an issue or dispute that needs resolution, your attorney can send a demand letter, which will clearly outline the basis of your claim, the financial compensation or recovery that you seek, and other relevant details about your case. But what happens after your demand letter is sent? Depending on the situation, several outcomes could result.
The Basics of a Demand Letter
A demand letter is a professional document sent to the defendant or their insurance company to outline the details of the incident, your injuries, the defendant’s role in causing the injury, and the compensation you seek for the damages incurred. The demand letter is usually considered the first step in the negotiation process and tends to set the tone for the rest of the legal proceedings. It is a crucial tool that can help you achieve a fair settlement for your injuries.
What Happens After the Demand Letter Is Sent
Once your Georgia accident attorney sends a demand letter to the insurance company, the process of negotiating a settlement begins. The insurance company may choose to accept the amount requested in the letter, deny the claim altogether, or offer a lower compensation than the amount requested.
If the insurance company refuses to comply with the requests stated in the letter, your attorney can initiate legal proceedings against them. On the other hand, if the opposing party accepts your proposal, they will present you with a settlement agreement that will detail the precise conditions of the settlement.
How Long Will the Legal Process Take?
After sending a demand letter to an insurance company, it is typical to receive a response within a few weeks. However, there are some instances where companies may take longer to respond. The time it takes for an insurer to respond and begin negotiations is influenced by various factors, such as how promptly you follow up with the company and the magnitude of the claim being made.
It is also important to understand that settlement negotiations can be a lengthy process, lasting anywhere from weeks to months. This is because the length of time depends on the complexity of the case and the willingness of both parties to negotiate. If the negotiations become more complicated or contentious, it can take even longer to reach a final settlement agreement.
Contact Richard D. Hobbs & Associates Today and Learn More About the Legal Options You Have After a Georgia Accident
Dealing with legal procedures after an accident can be a daunting task. Thankfully, you do not have to handle it alone. When you retain an experienced Georgia personal injury accident lawyer, these legal professionals can evaluate your claim, determine the course of action you should take, and help you fight for every last dollar you deserve.
Contact the law firm of Richard D. Hobbs & Associates, P.C. today to go over your case for free.