CHUBB is an insurance company that was founded in 1882. Originally, CHUBB insurance offered coverage for cargo ships, but the services now include policies for car accidents and premises liability claims, such as slip and falls and trip and falls. That way, victims of accidents can receive compensation for injuries or for the death of a loved one.
Our law firm is dedicated to helping those who were injured by the negligence and misconduct of others. We are a personal injury law firm with decades of experience in lawsuits and insurance claims with companies like CHUBB. As an accident victim, you are likely to have questions about how long it takes to settle a CHUBB insurance accident claim.
Average Length of Time to Settle an Accident Claim with CHUBB Insurance
Reaching a settlement with an insurance company can take just a few months for some people. For others, the process may be over 1 year, and even 3 or more years in the event you take your case to trial.
Knowing how long it will take to settle your case is a crucial matter for those who have experienced a traumatic injury. Receiving payment from an insurance claim is a big step in moving forward from the accident and focusing on the rest of their life. That’s why it’s easy to get frustrated and lose hope when things drag on month after month with an insurance claim.
Unfortunately, there is no way to accurately predict the amount of time it takes to settle a personal injury claim. We do know that insurance companies are eager to make an offer, since it’s in their best interest to get you off their roster. The problem, whatever amount they initially offer is unlikely to cover your current and future expenses. This is precisely their goal – getting you to accept a low settlement out of fear and desperation.
The legal team of DTLA is here to provide you with aggressive representation in a claim with CHUBB or any other insurance provider. We cannot tell you just how long it will take to obtain your payment, though 6 to 12 months is a fair estimate for those with moderate to serious injuries. Cases where the injuries are relatively minor may be settled in 3 months or less.
Our Recent Verdicts and Settlements
$1.5 Million
$1.5 Million
$2 Million
$1.5 Million
$734,851
$600,000
Making a Demand for Compensation
There are many variables that are involved when it comes to settling an accident case with CHUBB insurance. These include, but are not limited to, how long it takes to build a strong case, figure out the compensation that is owed, and demand payment from the insurance company. These steps take considerable time and effort depending on the degree of injury and the complexity of your accident.
Before your attorney can send a demand letter to CHUBB, you must have finished all your medical treatments, meaning you have reached maximum medical improvement. In addition, your lawyer has to collect all your medical information and other documentation to prove the extent of harm you suffered.
So, it’s not simply a matter of how long it takes to negotiate a settlement. We must also consider the amount of time to lay the groundwork for an accident claim. The time that is needed can vary wildly from one case to another, but those with severe injuries may need 6 to 12 months just to reach maximum medical improvement.
Settlement Offers and Negotiating with the Insurance Company
Once you have finished your medical treatments and the demand package is sent by your attorney, it’s time to exchange settlement offers with the insurance company. Of course, if CHUBB offers you the right amount of compensation right away, there is no need to engage in negotiations. However, this is unlikely, as paying you the lowest amount is the most beneficial outcome for the company.
Please note that CHUBB is unlikely to respond right away. For one thing, they have the right to conduct their own investigation and verify the claims you are making. Furthermore, they are working through many other claims at the same time, so we have found that 3 to 6 weeks is the average time to hear back from an insurance provider once they receive our demands.
Do not be surprised if the first counteroffer you get back from CHUBB is very low. After all, they need to test the waters and see how desperate you are to settle the case. Your attorney will discuss the offer with you and make another offer that’s more in line with your current and future losses. How many exchanges need to happen before a settlement is achieved? The answer will vary from case to case, but it’s important for both sides to be reasonable and willing to compromise, while having a clear sense of what the claim is worth.
With many of our cases, it’s not uncommon for the settlement process to take between 18 to 24 months. But this is solely an estimate range, meaning your case may be settled sooner.
Help from a California Personal Injury Lawyer
Filing an insurance claim should be straightforward, but the reality is much more complicated than most people realize. It doesn’t help that CHUBB is not a good source of answers when it comes to important questions, like “How long does an accident injury claim take to settle?”
The personal injury lawyers Normandie are available 24/7 to answer your questions and formulate a plan of action if you are owed compensation by a negligent individual or entity. We operate on contingency, so you will not be asked to pay an hourly fee or retainer to hire us. All legal fees are paid by the other party as a condition of winning your case, meaning we don’t make a cent unless you receive compensation.
We look forward to meeting you during a free consultation. Contact us today and schedule a time to discuss your rights and legal options.
