Sometimes steeling a personal injury claim is the best idea when facing a prolonged legal battle. However, this should only be an option when it is the most prudent decision: when you feel like you are being fairly compensated, or when you feel like there is no case of permanent or long term injury. Before settling, consider the following facts in order to make the best decision possible.
1. The insurance company actually has an obligation to settle a case, as long as the terms are reasonable. Without confusing you with a lot of Latin terms and case precedent, insurance companies have an actually legal obligation to settle a case if the requested terms are within the policy limits and if not doing so would expose the company to prolonged expenses. What this means for you is that if you expenses were within the limits of the other persons policy, and it is clear that they are the one that is at fault, there company is almost always going to settle with your initial request. This is why the majority of claims are settles without litigation. The only reason that litigation becomes necessary is when either the damage is beyond the policy stipulations, or when fault is in question.
2. Insurance companies are legal obligated to respond to a request. This does not mean that they have to accept what you are stating, but when you submit a claim to an insurance company, they have a set amount of time in which they have to either accept the stipulations set forth in your claim, or deny your claim entirely. They cannot legally leave you in limbo. The exact amount of time of course various from state to state, but it is almost universally never more then a period of sixty days.