At the Law Offices of Jon Friedman, our personal injury lawyers have been representing Oregon clients since 1984. This has given us the legal knowledge, skills, and resources to develop optimal settlements for each of our client’s unique recovery needs.
In Oregon, personal injury settlements are typically paid by the at-fault party’s insurance company. The process for receiving and disbursing a settlement can vary by client, but there are general steps involved that apply to everyone.
To follow is a general overview of the process when you partner with a Oregon personal injury attorney.
The Insurance Claim Process
After an accident, the injured party’s attorney files a claim with the at-fault party’s insurance company. This initiates the negotiation process.
The insurance company will investigate the accident, assess liability, and evaluate the damages. This process involves reviewing medical records, police reports, witness statements, and other relevant evidence.
Once liability is determined, the insurance company may negotiate with the attorney to settle. This negotiation may involve discussing the extent of injuries, medical expenses, lost wages, pain and suffering, and other damages.
The insurance company will prepare a settlement agreement when both parties agree on the settlement amount. This document outlines the settlement terms, including the total amount to be paid.
The Injured Party Must Sign a Release and Waiver
Before the settlement funds are disbursed, the injured party must sign a release and waiver. This legal document states that in exchange for the agreed-upon settlement amount, the injured party releases the at-fault party and their insurance company from any further liability related to the accident.
Once the release is signed, the insurance company will issue a check to their attorney. The funds are then typically disbursed to cover various expenses, including medical bills, attorney fees, and other costs associated with the injury and legal representation.
These costs will be directly deducted from the settlement amount before the remaining funds are provided to the injured party in a lump sum payment or agreed-upon structured settlement.
Contact Our Personal Injury Attorneys at the Law Offices of Jon Friedman
If you have been injured in an accident caused by a negligent party in Oregon, contact our Multnomah County personal injury attorneys at the Law Offices of Jon Friedman at (503)-242-1440 or online today to schedule a free consultation and get the help you need to make informed decisions about the direction of your case.
