There is a statute of limitations in Virginia for bringing a personal injury lawsuit, and it can have a big influence on how quickly a case settles. The statute of limitations establishes a time restriction within which you must file a lawsuit following a personal injury. Within Virginia:

Personal injury claims: In general, you have two years from the date of the injury to make one. This implies that if you do not file your claim within these two years, you risk losing your ability to initiate a lawsuit to obtain compensation.

The statute of limitations has a number of effects on the settlement process, including:

Knowing that there is a deadline for submitting a claim can increase the sense of urgency. It's to guarantee that you meet the deadline, it is crucial to speak with a lawyer and begin the claims procedure as soon as the damage occurs.

Insurance companies may have an advantage during negotiations since they are aware of the statute of limitations. They may be less eager to provide a fair settlement if they think you have a limited amount of time to launch a lawsuit and instead are hoping you would accept a lower offer out of desperation.

Investigation and preparation: Building a solid personal injury case frequently needs time for research, assembling proof, and haggling with the insurance provider. The amount of time available for these crucial duties can be reduced if a lawsuit is filed just before the statute of limitations date.

Legal Approach: Your attorney as the statute of limitations approaches, you will need to decide whether to file a lawsuit or keep talking with the insurance company. The timing and approach of the settlement negotiations may be affected by this choice.

The Virginia statute of limitations does not apply in specific circumstances, such as those involving minors or people with impairments. Understanding how these exceptions might apply to your case requires legal advice.

It is essential to get legal advice as soon as possible following the injury given the significance of the statute of limitations in a personal injury case. You can take the necessary steps to safeguard your rights and maximize your compensation by working with a lawyer to understand how the statute of limitations applies to your case.

The statute of limitations gives the injured party a sense of urgency. It is essential to speak with a lawyer and start the claims procedure as soon as possible following the damage. You risk losing your ability to file a lawsuit for compensation if you wait longer than two years.

Insurance firms have a lot of negotiating sway since they are well aware of the statute of limitations. The impending deadline can be used as leverage during settlement talks. They may make a lower settlement offer in the hopes that you would take it rather than risk losing your ability to sue if they perceive that your window of opportunity to initiate a case is closing.

Our lawyers at The Law Offices of SRIS, P.C. are experienced in guiding clients with solutions to their legal problems. Clients come to us with different issues pertaining to different aspects of the law such as criminal law, family law, traffic law, personal injury, immigration issues, and bankruptcy. Our highly qualified attorneys provide valuable guidance on how to proceed. We are here to help you and we will do our best to get you the best result possible based on the facts of your case.

If you have any legal questions, visit our group of SRIS lawyers. Please contact us 888-437-7747