Robert Nye is an exceptional lawyer with absolute integrity and honor.

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Mr. Nye has gone far above and beyond my expectations.

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September 20, 2021

How Are Personal Injury Settlements Paid Out?

When you file a personal injury claim against the at-fault party, in many cases, the balance of your compensation is paid out by their insurance company. 

Read on to learn more about this process, and don’t forget to follow up with a personal injury attorney near you for a free consultation. 

What Is a Personal Injury Settlement?

Personal injury settlements involve the paying of damages by an at-fault defendant to compensate the victim, or plaintiff, for their various losses after an accident. 

Most personal injury actions reach an out-of-court resolution, called a settlement. However, the person—or group—often responsible for fronting the cash that goes into a settlement isn’t often the at-fault person themselves.

Instead, the insurance company that insured the party that caused your damages will likely pay out the balance of your personal injury settlement, including both economic and non-economic damages. 

To illustrate this point, we can give a few example scenarios. Perhaps the most common involves the car insurance company that pays compensation to an injured driver for their medical bills after an accident caused by someone who’d purchased insurance from the company. 

In another common situation, a privately-held business’s insurance company could be tasked with paying for your damages after a slip-and-fall that takes place on the business’s watch. 

Finally, in another common scenario, the injuries you sustained by being bitten by your neighbor’s dog will likely be compensated by the neighbor’s homeowner’s insurance policy instead of being out of their pocket. 

Although this may sit better with you than going after your neighbor directly for cash compensation,  it doesn’t happen automatically. Insurance companies are notorious for trying to devalue the worth of your claim to pay you the least amount allowable by law. They also like to drag their feet, hoping if they take a long time to settle your claim, you’ll eventually give up. 

However, it shouldn’t be this way. The help of an experienced attorney with The Nye Law Group can help you secure the compensation you deserve. 

Contact a Personal Injury Lawyer with The Nye Law Group

Injured because of someone else’s negligence? Don’t let the insurance company pay you less than what you’re owed. 

Call The Nye Law Group at 912-200-5230 or fill out our contact form to schedule your free consultation. 

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CONVENIENT LOCATIONS Throughout the Southeast

402 West Trade Street,
Suite 112
Charlotte, NC

704-862-4177 get directions

2008 Whitaker Street
Savannah, GA 31401

912-732-0249 get directions

402 West Trade Street,
Suite 112
Charlotte, NC

704-862-4177 get directions

2008 Whitaker Street
Savannah, GA 31401

912-732-0249 get directions
View all locations
CONTACT US

NO PRESSURE. SPEAK TO AN ATTORNEY. NO HIDDEN FEES.

* All Fields Required

Or Call 855-856-4212