Each case is unique. Still, each of them reflects the effect of specific factors.
Possible reasons for passage of much time until given case comes to an end
Case might be linked to legal issues: It takes time to determine who was at-fault.
Case might have factual issues: There might have arisen questions about what caused the plaintiff’s injuries.
Plaintiff has claimed a large monetary loss: The defense would want to check on the severity of the plaintiff’s injuries.
It takes time for the plaintiff to arrive at the point of maximal medical improvement. Personal injury lawyers in Quincy always advise their clients to delay agreeing to a settlement until that client has reached the point of maximum medical improvement (MMI).
Smart plaintiffs do not settle when their recovery has not been complete. If someone were to settle and sign a release before MMI, then that same person might develop new symptoms or complications, following the settlement. In that case, the insurance company would not be willing to cover the new medical expenses.
Possible consequences of haste, when in a hurry to obtain a sum of money as compensation for accident-associated injuries:
The victim of an accident might focus on repairs for a damaged vehicle, in the belief that no one sustained any injuries. The compensation for repairs could be insignificant, if compared to the value of damages, as those would relate to certain unobserved injuries.
The plaintiff might not want to take time for making arrangements to keep a large amount of money safe. As a result the same plaintiff might decide to get the money as payments. Later, that same plaintiff might go in search of a way to get a lump sum, in place of the payments.
Plaintiff might not stop to consider the ways that the accident-related injury could disrupt the plaintiff’s lifestyle. The injury might make it hard to perform well in a given field. That would suggest that the plaintiff’s career choice could be more limited than had been expected.
Plaintiff might not see a reason for approaching the judge, regarding changes to the claimed damages. A judge might be willing to replace a punitive damage award with an added award for economic damages. That would eliminate the need to pay taxes on the money that was received, in order to cover punitive damages.
Thinking it makes sense to settle when it does not. The plaintiff’s condition might change following the settlement, if a plaintiff has settled too soon. That is why smart plaintiffs always wait until their recovery has reached the point that corresponds to the maximum medical improvement (MMI).
Insurance companies want claimants to be hasty. That can work to reduce the size of the compensation package.