pre-settlement funding in Virginia 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 Virginia
When considering the legal options available to those seeking financial relief following an accident or other personal injury, pre-settlement funding in Virginia presents an attractive option. Pre-settlement funding is often referred to as “lawsuit funding,” “lawsuit loans,” or sometimes “litigation funding.” This type of financial solution is available from lenders to individuals who are waiting for a settlement or jury verdict to resolve their case, and the funds can be used to cover expenses such as medical bills, costs of living, and other emergency needs. Pre-settlement funding is designed to help individuals who are experiencing financial hardship due to an injury, and who cannot get the assistance they need from traditional lenders.
Benefits of Pre-Settlement Funding in Virginia
One of the main benefits of pre-settlement funding in Virginia is that it can help tide individuals over while they are waiting for their case to settle. Pre-settlement funding provides individuals with access to immediate financial assistance, allowing them to address emergency needs and alleviate financial pressure, so they can focus on their case. Additionally, pre-settlement funding does not require monthly payments, so individuals do not have to worry about making timely payments like with traditional lending options. Finally, pre-settlement funding does not require individuals to be qualified for approval, eliminating the arduous wait associated with traditional loan approval processes.
Comparative Negligence in Virginia
Comparative negligence is a legal standard used to evaluate personal injury claims in Virginia. It determines what percentage of fault an individual is responsible for when pursuing compensation for an injury. If a person was at least 50% responsible for an accident, they are not entitled to any recovery. If fault is found, the amount of compensation an individual receives is reduced proportionally based on their degree of fault. For example, if a person is found to be 20% responsible for an accident, they will receive 80% of the damages they are pursuing.
Insurance Limits for Personal Injury and Auto Accidents in Virginia
In Virginia, individuals are typically required to carry the minimum amount of liability coverage for any auto accident. The minimum limit for bodily injury is $25,000 per person, and $50,000 per accident. Other optional coverages, such as uninsured motorist and personal injury protection, are available for additional protection. However, these coverages are typically limited to specific amounts, so individuals involved in accidents should consider purchasing higher limits as additional protection.
Top Attorneys in Virginia
When choosing an attorney to represent them in a personal injury claim, individuals should consider their experience, reputation and the type of claims they have handled in the past. Some of the top attorneys in Virginia who specialize in personal injury include John M. O’Brien, whose practice focuses on serious injury cases related to medical malpractice and product liability; Stuart J. Collier of Coleman, Collier & Moody, who specializes in wrongful death and serious injury cases; and Patricia L. Weir of Dickinson Wright, who has a long track record of success in injury claims involving property damage, medical bills and lost wages.
Pre-settlement funding in Virginia can help individuals who are struggling to make ends meet while waiting for a settlement to resolve their case. Pre-settlement funding offers fast access to funds, does not require applicants to be qualified for approval and does not require monthly payments. Individuals who pursue an injury claim in Virginia should also be aware of the standard of comparative negligence and the insurance limits for auto accidents. Lastly, there are many qualified attorneys in Virginia who specialize in personal injury cases, so individuals should choose an attorney who has a good track record and reputation.
