How long did it take to get your settlement?

How long does it take to get a settlement from worker comp.?

• I am expecting a lump sum settlement from worker comp insurance. I live in NM. It's been over six months since I lost my job because of my injury. Does anyone know how much longer ...show more

• Answer:

  If it's litigating it can take a long time. A lump sum isn't always a bad thing, however, often when you do that, your kissing off your lifetime medical if anything should happen as a result of your current injury. A lot of people do this for the large amount they receive all at once and then they go out and blow it. If it's an injury that is going to require medication or other things down the line, then if the money is gone, so is your right to future medical and now it's up to you to incur the costs. I don't think that's always explained to people. Especially not by lawyers, they want their 12% plus fair share.