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 Posted: Sun Nov 30, 2008 9:55 pm Post subject: how long |
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| i have just signed the release papers how long does it take to receive the check i had a lawyer |
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dede34
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| Posted: Sun Nov 30, 2008 10:28 pm Post subject: insurance |
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| Hi.........glad you can be here on the forum. Can you please explain what's going on with you? Why did you hire a lawyer? What papers did you sign? |
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sdchargersfan
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| Posted: Sun Nov 30, 2008 10:49 pm Post subject: |
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| Unless there is some prior agreement between the insurance company and the attorney, there is no set time frame. But 30 days is the longest it should take. But usually the insurance company can send out a check within a week of receiving the signed release. The check would go to your attorney and I'd think your attorney should be able to issue payment to you within a day or two. |
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tcope
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| Posted: Mon Dec 01, 2008 12:52 am Post subject: |
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| I am glad this question was asked because I was wondering this myself. I am glad to see it is usually no longer than 30 days. Do most insurance companies wait as long as they can or do they want to get it over and done with once a release is signed? I hope to see this stage of my lawsuit come..its been over two months since my atty sent for an offer and we haven't even got the first offer yet. |
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fireyone
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| Posted: Mon Dec 01, 2008 2:12 am Post subject: |
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| An insurance company would not want to do anything to jeopardize a settlement so they should/would get the payment out as quickly as possible. |
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tcope
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| Posted: Mon Dec 01, 2008 4:22 am Post subject: Depends on the policy |
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| It is usually specified in the policy the duration of the release. If the insurance company is implementing a strict regulation on release, it may take sometime ,especially with some missing documents. |
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chenknights
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| Posted: Mon Dec 01, 2008 4:26 am Post subject: |
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This is a 3rd party claim. The wording the policy does not apply. A 1st party claim would not require a release as the settlement is contractual.
Taking longer over "missing documents" does not make any sense either. an agreement has already be reached. Nothing else stands in the way of the settlement other then a check being issued.
But thanks for the spam at the end of the post. |
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tcope
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| Posted: Mon Dec 01, 2008 6:05 am Post subject: |
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I'm still waiting for the answer to SD's response.
For all we know:
| Quote: | | i have just signed the release papers how long does it take to receive the check i had a lawyer |
had something to do with signing a release so that one of their kidneys could be removed and sold to the highest bidder on Ebay.
If that is the case, you'd better have your lawyer check with Ebay's payment plans. Wouldn't that just suck if you'd have to get the money for one of your organs released from PayPal?
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Please feel free to go to my website at www.markcolbert.com or, if you have a specific question, you can email me directly. I hope I can answer any questions you might have. If not, I can certainly find an answer right away. |
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InsInvestigator
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| Posted: Tue Dec 02, 2008 11:22 pm Post subject: |
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| Thats a kind of scary thought. I think we are just all assuming it is an auto settlement. Thats the way I took it anyway...hmmm..selling a kidney on e-bay..someday we may actually see this happen. |
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fireyone
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| Posted: Wed Dec 03, 2008 9:01 am Post subject: |
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Mark has hit it right, we have assumed a lot in replying to the OP rather than asking the facts directly to him. Its, however, true that if its about insurance claim then the insurance company should settle the matter within thirty business days, but if we take Mark's idea into consideration, then, who knows?  |
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simon
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| Posted: Fri Dec 05, 2008 11:37 am Post subject: |
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| Thirty days seems really reasonable. I imagine it would have to take that long since there is probaly a lot more to it than simply sending the check. |
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fireyone
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| Posted: Fri Dec 05, 2008 8:20 pm Post subject: |
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Unless the person buying the kidney is trying to set up financing through AIG. That might take a little longer
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Please feel free to go to my website at www.markcolbert.com or, if you have a specific question, you can email me directly. I hope I can answer any questions you might have. If not, I can certainly find an answer right away. |
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InsInvestigator
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| Posted: Sun Dec 07, 2008 11:04 pm Post subject: |
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| Thats true. What happens in a case like that now that you mention it. Say someone had a lawsuit pending against a company in finacial distress or even finacial ruin. Does the insurance company still have to settle claims if they are going under or already drowned? |
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fireyone
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