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The Benefits and Risks of Seeking Pre-Settlement Funding in Kansas

Personal injury and negligence-related lawsuits in Kansas can be a long and complicated road. There are many elements to consider and steps to be taken before a lawsuit is even filed in court. One such step is to consider the potential benefits of pre-settlement funding. Pre-settlement funding is a relatively new form of financing in the US legal services market. It provides plaintiffs involved in litigation or personal injury claims with a quick and simple way to access financial relief while they wait for their case to be resolved.

Pre-settlement funding can be a great benefit to those who have suffered personal injury due to negligence. It helps lessen the financial burden of medical bills, lost wages, and other financial obligations associated with litigation. It helps alleviate the stress of simply making ends meet while the lawsuit is pending in court. It also provides a better chance for plaintiffs to receive the compensation they believe they deserve.

As with any financial product, pre-settlement funding does carry its own set of risks. It is important to be aware of these risks and to weigh them against the benefits before seeking pre-settlement funding. In particular, seeking pre-settlement funding in Kansas requires a knowledge of the state’s comparative negligence laws, insurance limits for personal injury and auto accidents, and some of the top attorneys in the state.

Comparative Negligence in Kansas

In the state of Kansas, the legal doctrine of “comparative negligence” applies to personal injury cases. This means that if someone is injured due to the fault or negligence of another person, the amount of compensation they can receive is reduced by the percentage of the person’s own fault in causing the injury. For example, if a person is injured while driving 15 miles per hour over the speed limit, but the other driver is found to be over the speed limit as well, the damages awarded to the injured party may be reduced by the amount of fault attributed to their speeding.

The comparative negligence doctrine also applies to personal injury related pre-settlement funding. If a plaintiff’s claim is found to have been partly due to their own fault, the amount of pre-settlement funding they can receive is reduced. It is important to keep this in mind when seeking pre-settlement funding in Kansas.

Insurance Limits for Personal Injury and Auto Accidents

In Kansas, the minimum liability insurance limits on vehicle drivers are $25,000 for bodily injury of one person, $50,000 for total bodily injury of anyone in a single accident, and $10,000 for property damage for a single accident. These limits are known as “first party” insurance.

For “third party” insurance, Kansas requires a minimum of $50,000 for bodily injury of one person, $100,000 for total bodily injury of anyone in a single accident, and $25,000 for property damage for a single accident. This means that if a person is injured by a third party, they may be able to receive up to these limits in damages depending on their individual case.

When seeking pre-settlement funding, it is important to be aware of the insurance limits in your area. Pre-settlement funding is often paid out as a percentage of any potential damages or settlements, so these limits can significantly impact how much funding a plaintiff can receive.

Who Are Some of the Top Attorneys in Kansas?

If you are seeking pre-settlement funding in Kansas, it is important to have a qualified attorney to represent your interests in court. The state of Kansas has some of the top personal injury lawyers in the country, and having a qualified attorney on your side can significantly improve your chances of success in court.

Some of the top attorneys in Kansas are:

• Eric R. Terrill of Ralston, Pope & Diehl
• John B. Riordan of Riley, Kanzanjian & Norder, P.C.
• Eric S. Stephan of Ralston & Pope Law Firm
• James M. Pieper of Pieper Law, LLC
• Robert D. Trout of Trout Law Offices

These attorneys have extensive experience in the field of personal injury and negligence law, and can be trusted to provide the best representation for their clients in court.

Conclusion

Pre-settlement funding can be a great benefit to those suffering from a personal injury. It can provide much-needed financial relief while a lawsuit is in progress, and can help to ensure that the plaintiff receives the compensation they deserve, particularly in cases involving comparative negligence in Kansas. However, it is important to understand the associated risks, consider the relevant insurance limits for personal injury and auto accidents, and seek the advice of one of Kansas’ top attorneys before pursuing pre-settlement funding.