After winning your personal injury claim with the help of a Personal Injury Lawyer in Scarborough, you must be wondering about the time when you would receive the payment of your damages. This usually depends upon whether the claim has been settled inside or outside of court.

You must keep in mind that a settlement agreement may come into action even without going to court. But that shouldn't keep you from hiring a Personal Injury Lawyer in Scarborough to help you with your claim.

After a personal injury settlement agreement has been reached, the agreement will also include the time period within which you must expect your payment. Generally speaking, this time period lies between twenty to thirty days. this time period is 20 or 30 days. Additionally, most often, the settlement agreement goes on to also mention that in case the losing party fails to make the payment of the damages within the period which has been stated in the agreement, the collecting party can even add interest to the amount left unpaid. The penalty of paying interest on non-payment of damages is a great incentive for the defendant to make the payment on time.

Furthermore, the settlement agreement sometimes also goes on to mention that in case of non-payment of damages on time, the collecting party may and shall back out of the agreement and can retake the lawsuit to the courthouse. This is, again, another powerful incentive to compel the losing party to pay the damages on time.

However, in order to get the most out of your compensation settlement agreement, you must hire a Personal Injury Lawyer in Scarborough as the task of getting the compensation can be very tedious.

What Happens in Case of Non-Payment on Time?

In case the judgement to your insurance claim has stemmed from a car accident, the other driver is in no doubt the defendant. However, in such claims, despite the fact that the driver is named as the defendant, it is usually their insurance company that is compelled to pay for your damages.

In such cases, the collection of damages is a fairly simple and smooth process since insurance companies are well experienced in this field of law and are aware of the penalties that they might have to face due to the failure of payment of damages on time. In that particular scenario, you can expect your payment of damages within 15 to 45 days from the date of court's ruling.

However, if an individual does not have an insurance company on their back to pay for your damages, or in case they refuse to pay the settlement amount on time, there are a number of things that you can do. This is known as "execution" and it can prove to be very helpful in cases where the losing party has been avoiding the payment of damages. For more information visit Our Website