pre-settlement funding in Washington 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 Washington
Pre-settlement funding (also known as lawsuit funding, lawsuit loans, lawsuit cash advances, pre-litigation funding, or legal finance) is an important financial tool for individuals and businesses facing personal injury or civil litigation in Washington. Pre-settlement funding provides plaintiffs with the ability to cover basic expenses such as rent, mortgage payments, insurance premiums, auto repairs, and medical bills while they are waiting for a settlement or jury verdict. Pre-settlement funding provides Washington plaintiffs with a cash advance against their expected lawsuit settlement in order to help them stay financially afloat during the legal process.
Benefits of Pre-Settlement Funding
In Washington, pre-settlement funding has numerous benefits. The most common reason people pursue pre-settlement funding is to avoid having to take on expensive loans with high interest rates. Additionally, pre-settlement funding allows plaintiffs to remain financially independent while they wait for a settlement or jury verdict, which can sometimes take months or even years. Pre-settlement funding is not a loan and does not need to be repaid in the event the plaintiff loses the case, making it a low-risk option for lawsuit financing. Pre-settlement funding does not require a credit check and does not impact the plaintiff’s credit score, furthering its appeal for individuals in need of quick cash.
Washington’s Comparative Negligence Laws
Washington state follows a “modified comparative negligence” rule when determining the amount of compensation a plaintiff is entitled to when they have been harmed due to another’s negligence. This means that if the court rules that the plaintiff was partially responsible for the incident, the amount of their compensation will be reduced according to the degree of their responsibility. It is also important to note that if the court finds the plaintiff to be 50% or more responsible for the incident, the plaintiff may be barred from recovering any damages at all.
Insurance Limits for Personal Injury and Auto Accidents
Washington State requires that all drivers carry a minimum of $25,000 for bodily injury or death for any individual, $50,000 for bodily injury or death per accident, and $10,000 for property damage caused by their vehicle. The state also allows for uninsured motorist coverage, which can provide coverage if the at-fault driver is uninsured. While this minimum liability coverage may provide sufficient coverage in many instances, it is important to note that policies can be increased, and it is recommended to have higher coverage limits in the event of a serious crash.
Top Attorneys in Washington
Washington is home to some of the top attorneys in the nation and there are many resources available to assist individuals seeking legal advice. The following is a list of the top attorneys in Washington:
1. Jonathan Smith – SmithLaw PLLC
2. David Koch – Koch & Associates PC
3. James E. Oberly – Oberly & Associates
4. Bill Hobson – Hobson & Hobson Law Office
5. Jared M. Yackley – Holman Yackley LLC
6. John P. Condon – Condon & Forsyth
7. Tim Ford – Ford Law Offices
8. Jeff Spielman – Spielman & Associates
9. Andy Moore – Moore Law Firm
Conclusion
Pre-settlement funding can be an invaluable resource for those plaintiffs who need quick cash in order to cover their expenses during the legal process. Pre-settlement funding is not a loan, so it does not need to be repaid if the case is lost. Additionally, Washington’s comparative negligence laws, insurance requirements, and the diverse list of top attorneys make pre-settlement funding a viable option for many individuals facing personal injury or civil litigation.
