pre-settlement funding in Louisiana 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
are
Pre-settlement funding has become an increasingly popular option for individuals in Louisiana who are waiting on their personal injury settlement or judgement amount. This type of funding provides financial assistance to those who have been seriously injured due to the negligence of another party.
What is Pre-Settlement Funding?
Pre-settlement funding is a type of funding provided to individuals who have declared injury in a personal injury lawsuit. The funding, also known as a lawsuit loan or lawsuit funding, is provided to the injured party to cover lifestyle costs and other financial needs that may arise as a result of the injury and pending litigation. Pre-settlement funding is meant to provide short-term financial assistance, providing much-needed financial relief while the lawsuit is processed and a judgement or settlement is reached.
Benefits of Pre-Settlement Funding
Pre-settlement funding is beneficial to those who are waiting on their personal injury lawsuit to be resolved. Generally, individuals may take out a loan to cover the financial costs associated with their legal journey, but this can be difficult as injured parties may not have access to traditional financing options and may not be able to work due to their injuries. Pre-settlement funding can provide individuals with much-needed financial support during their long legal journey.
Additionally, pre-settlement funding is beneficial because plaintiffs are not required to pay the funding company back until their lawsuit if resolved. If the plaintiff does not recover any damages or fails to collect on their lawsuit, then they are not required to repay the funding company. Pre-settlement funding can provide individuals with the financial support they need to focus on their lawsuit instead of wondering how they will cover their bills.
Comparative Negligence In Louisiana
In Louisiana, comparative negligence is applied to personal injury cases where a plaintiff has suffered injury due to the negligence of another party. Comparative negligence is a system where both parties are assigned a degree of responsibility. The defendant is assigned a degree of fault and the plaintiff is then assigned a degree of comparative negligence. The plaintiff cannot recover damages if they are assigned a greater degree of fault than the defendant.
This means that if a plaintiff is deemed responsible for any part of the accident that caused their own injury, then they may not recover damages since they have been assigned a degree of comparative negligence. It is important for plaintiffs to carefully consider all of the factors involved in the accident in order to protect their claim.
Insurance Limits
Insurance limits also play a role in personal injury claims in Louisiana. Insurance limits dictate the maximum amount of compensation the insurance company is willing to pay in a personal injury claim. Many insurance companies limit coverage due to the possibility of large medical bills following an accident.
Insurance limits vary from one scenario to the next. For instance, the insurance limits for a personal injury case could be much less than that of an auto accident, since an auto accident generally involves larger medical bills and costs. It is important for individuals to understand the insurance limits that apply to their particular case in order to calculate the amount of compensation they may expect.
Top Attorneys In Louisiana
In order to best protect a personal injury claim, it is important to hire an experienced attorney who is knowledgeable about the laws in Louisiana and who can clearly explain the legal process. There are many highly-skilled attorneys in Louisiana who specialize in personal injury cases and can provide quality legal counsel.
Some of the top attorneys in Louisiana include William F Stanfill of Stanfill & Chanay, Michael Yellin of Yellin & Bentovic, and Peter Abernathy of Abernathy Law Firm. Each of these attorneys specialize in personal injury cases and have earned a reputation for providing superior legal services and obtaining maximum compensation for their clients.
Conclusion
Pre-settlement funding is an increasingly popular option for individuals in Louisiana who are involved in personal injury cases and are waiting on their settlement or judgement amount. This type of funding can provide financial assistance to individuals in need of temporary relief while their lawsuits are processed. Comparative negligence and insurance limits also play a role in determining the amount of compensation a plaintiff may receive. Additionally, it is important to hire an experienced attorney when filing a personal injury claim in Louisiana and the attorneys mentioned above have earned a reputation for providing superior legal counsel.
