pre-settlement funding in Maine 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 in Maine
Pre-settlement funding, also known as a lawsuit loan, is a service that helps personal injury plaintiffs obtain a cash advance on their pending lawsuits. Residents of Maine may be unaware of the advantages of this form of legal finance, which can help relieve the financial and emotional burdens resulting from an accident or other traumatic event. In this article, we will discuss the benefits of pre-settlement funding in Maine, the laws of comparative negligence, insurance limits for personal injury and auto accidents, and the top attorneys in the state.
Benefits of Pre Settlement Funding in Maine
One of the primary benefits of pre-settlement funding for plaintiffs in Maine is the ability to pay ongoing bills like medical costs, household expenses, and day-to-day living costs. This is especially important when pursuing a claim against an insurance company, as it can be difficult to maintain financial security while waiting for a resolution.
Furthermore, pre-settlement funding can help plaintiffs in Maine conserve their savings, protect their credit score, and prevent their lawsuits from being dismissed due to a short-term lack of funds. In addition, obtaining a lawsuit loan will ensure that plaintiffs will have adequate resources to support any legal action, including investigation, negotiation, and trial. This can ultimately increase the potential value of a personal injury claim.
Comparative Negligence in Personal Injury Cases
Under Maine law, plaintiffs must prove that the defendant acted negligently or carelessly to recover damages. However, Maine follows a law of comparative negligence which means that the court will assess the fault of each party in a personal injury action. According to this law, any damages that a plaintiff obtains will be reduced according to his or her level of fault.
For example, if a plaintiff is determined to be 30% at fault, any damages that they receive will be diminished by 30%. It is important to note that if a plaintiff is more than 50% at fault, they cannot recover any damages. This makes it important for plaintiffs to work with experienced attorneys who understand the law of comparative negligence.
Insurance Limits for Personal Injury and Auto Accidents
In Maine, insurance limits for personal injury and auto accidents are relatively low. The state requires a minimum of $50,000 in bodily injury coverage and $25,000 in property damage coverage. These limits are the same for uninsured and underinsured motorist protection, as well as for medical payments.
Top Attorneys in Maine
When considering a claim or lawsuit related to personal injury or auto accidents, it is important to work with an experienced attorney who has a comprehensive understanding of the law. Some of the top attorneys in Maine include:
• John McKeen of McKeen & Associates: Based in Portland, Maine, McKeen & Associates is one of the largest personal injury law firms in the state. Mr. McKeen is a passionate advocate for his clients, and has won numerous significant judgments and settlements on their behalf.
• M. Joseph Joubert of Perham Joubert: Mr. Joubert is a highly respected personal injury lawyer who has been serving clients in Maine for more than 20 years.
• Mark Bergeron of Bergeron Fuksa: Bergeron Fuksa is a leading personal injury law firm in Portland, Maine, and Mr. Bergeron is one of the top attorneys practicing in the state.
In conclusion, it is clear that pre-settlement funding can be a valuable resource for injured victims in Maine. By helping to cover medical expenses and daily bills, lawsuit loans can provide plaintiffs with financial security while they pursue their claims. In addition, it is important to understand the laws of comparative negligence and the insurance limits in Maine, as well as the top attorneys that are available to assist plaintiffs with their cases.
