Let’s assume you suffered serious injuries
in an auto accident due to the negligence of someone else. You have filed a suit against the negligent
driver to compensate you for your losses and the negligent driver’s insurance
company has offered you a settlement.
Should you take it? The answer depends on the circumstances of your
case. An experienced auto accidentattorney is the best to help you understand your rights and your chances of
prevailing at trial, but it is true that jury-awarded compensation may be
higher than an insurance company settlement offer. Here is an example.
A woman filed an auto accident lawsuit alleging
her serious injuries were the result of a driver distracted with a text message. The insurance company offered to settle the
case for $300,000 despite the plaintiff’s attorney seeking $500,000 based on
medical expenses, loss of wages, and need for future surgery and medical
treatment. The plaintiff preserved and fought for full and fair compensation.
In the end, the jury reached a verdict of $680,000 plus costs and interest,
including all past medical expenses, $77,000 in past wage loss and $316,000 in
future damages, for an approximate settlement of $930,000.
While a jury award will usually result in a
much higher settlement, taking an auto accident injury claim to court is a
lengthy process that could take months, even years. During this time, plaintiffs often find
themselves struggling to pay the additional expenses associated with their
case. If unable to work, even the daily
bills may be hard to pay. Sometimes, a
plaintiff will be successful at trial and still not receive just compensation
if the defendant appeals.
During a lengthy
and stressful litigation process, don’t be intimidated by the defendant to
settle for less than you deserve. Pre-settlement funding is a non-recourse cash
advance to help plaintiffs wait out the long, legal process for settlement or
verdict justice, without having to settle too soon for too little because the
insurance company has all the time, leverage and money, and use these tools to
its advantage. The cash advance is often
the answer to handling unexpected medical bills and ordinary living expenses,
all while trying to pick of the pieces of their shattered lives. Repayment is
contingent on the outcome of the lawsuit, meaning if the plaintiff loses their
case, they would not be obligated to pay back the cash advance.
If you were seriously injured in an auto accident and need
financial assistance to help pay the bills while waiting for your case to
settle, pre-settlement funding may be the answer. There is no cost to apply, no monthly payments to make,
and no upfront fees of any kind. After completing an online
application, your case will be evaluated and if approved, funds can
be wired into your account within 24-48 hours. Why struggle any longer? If you are a plaintiff who needs immediate
access to money, consider pre-settlement funding from an experienced provider rather
than settling below jury award.
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