pre-settlement funding in California include topics of the benefits of pre-settlement funding, comparative negligence, insurance limits for personal injury and auto accidents and who the some of the top attorneys in the state
Pre-Settlement Funding in California
California is no stranger to personal injury lawsuits, making pre-settlement funding an essential resource for those dealing with a difficult financial situation as a result of an injury. Pre-settlement funding is a cash advance that helps individuals obtain the funds necessary to cover medical treatments, lost wages, and other related costs without having to wait for their settlement or jury verdict. This alternative form of financing allows individuals to get justice and still be able to support themselves and their families.
What is Pre-Settlement Funding?
Pre-settlement funding is a legal funding alternative for individuals and businesses that have filed a personal injury suit in California. The pre-settlement loan provides an advance payment of a portion of the potential settlement value. The payments are interest-free and you only pay the lender if a successful settlement is reached. This type of funding is often used to help plaintiffs cover costs associated with medical treatment, living expenses, and loss of income, among others. With pre-settlement funding, individuals can have access to the financial resources they need to get their case through the legal process.
Benefits of Pre-Settlement Funding
Pre-settlement funding can provide a tremendous benefit to individuals and businesses in California. Thanks to these loans, plaintiffs can obtain payments without having to wait for the court to decide their case. These loans also provide individuals with the opportunity to cover some of the financial responsibilities they must meet while waiting for the case to resolve. Furthermore, pre-settlement funding offers a low-cost option to individuals, as they will only have to pay the lender back if they receive a successful settlement.
Comparative Negligence
Under California Law, if an individual is partially at fault for an injury, the jury will apply a rule known as comparative negligence. This means that the jury will assign a certain percentage of fault to each of the parties involved. The percentage of fault assigned to each party will be used to determine the amount of compensation each party will receive. For example, if an individual is deemed to be 25% at fault for their injury, the other party will be responsible for 75% of the damages. Therefore, it is important to understand how comparative negligence works in order to receive the appropriate amount of compensation.
Insurance Limitations
It is also important to understand that insurance companies limit the amount of compensation you can receive for personal injury and auto accidents. In order to obtain the full amount of damages, individuals may need to file a civil lawsuit to obtain a higher amount of compensation. Filing a lawsuit can take a long time to resolve, and in the meantime, individuals may not be able to pay for living and medical expenses. This is why pre-settlement funding can be so important, as it gives individuals access to the resources they need to pay for living and medical expenses while their case is being litigated.
Top Attorneys in California
California is home to some of the best attorneys in the nation. Here are some of the top attorneys in the state:
• John J. Williams: John J. Williams is an experienced trial attorney in Los Angeles focused on workers’ compensation, employment law, and other personal injury matters.
• Michael A. Cabo: Michael A. Cabo is an experienced personal injury and employment attorney based in Glendale. He has over two decades of experience representing clients in a variety of legal matters.
• Ryan H. Kaba: Ryan H. Kaba is an experienced trial attorney in Oakland specializing in personal injury, wrongful death, and employment law.
• Kristin A. Varela: Kristin A. Varela is a well-known personal injury attorney in San Diego with more than 20 years of experience representing clients in a variety of claims including auto accidents, premises liability, and trauma cases.
Conclusion
Pre-settlement funding is a great alternative for individuals in California filing a personal injury suit who need financial assistance before their case is resolved. This type of funding provides individuals with an interest-free loan that can help them pay for medical treatments, lost wages, and other related costs. Furthermore, understanding how comparative negligence works and the insurance limitations is important for receiving the full amount of compensation one may be entitled to. Fortunately, there are many experienced attorneys in California that can help individuals who have been injured in an accident receive the justice they deserve.
