pre-settlement funding in Colorado 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 Colorado: What to Know about the Benefits, Comparative Negligence, Insurances Limits and Top Attorneys
Pre-settlement funding is an alternative source of financial aid for individuals involved in a pending court case. Also known as non-recourse litigation funding, pre-settlement funding provides plaintiffs with a cash advance against their anticipated settlement or verdict from a personal injury lawsuit. Pre-settlement funding offers individuals financial relief while they are waiting for their case to settle or go to trial, which can be a lengthy process. Colorado offers individuals a variety of pre-settlement funding solutions, including no-risk loans, medical lien advances, and structured settlements. In this article, we discuss the benefits of pre-settlement funding, comparative negligence, insurance limits for personal injury and auto accidents, and who some of the top attorneys in the state are.
The Benefits of Pre-Settlement Funding
The primary benefit of pre-settlement funding is the chance to receive a cash advance now, as opposed to waiting a potentially lengthy amount of time for your claim to be settled or awarded a verdict in a court of law. Pre-settlement funding can be used for any purpose, including medical bills, rent or mortgage payments, and other necessary living expenses. Additionally, pre-settlement funding is non-recourse, which means that should you lose your case, you owe nothing; the funding company will absorb the loss.
Comparative Negligence
In Colorado, comparative negligence is the standard for determining fault in personal injury cases. This means that any negligent actions taken by the plaintiff, or the victim, will be taken into consideration when determining damages. Colorado follows a pure comparative negligence model, meaning that the plaintiff can still recover a portion of their damages even if they are partly responsible for their injury. The amount of damages that can be recovered is shared proportionate to the respective negligence of each entity involved in the case.
Insurance Limits for Personal Injury and Auto Accidents
Colorado is an at-fault insurance state, meaning that the person who is deemed responsible for an accident is held liable for any damages, whether that be to property or to the body of another party involved in the accident. Personal injury claims in the state have a no-fault insurance system, which means that injury victims may seek compensation for medical bills and other costs associated with their injuries from their own insurance providers. As for auto-accidents, in Colorado, drivers are legally required to carry a minimum of $25,000 per person and $50,000 per accident in bodily injury liability, and $15,000 per accident in property damage liability.
Top Attorneys in Colorado
Colorado offers a wide variety of experienced attorneys that may be able to help you with your pending court case. Some of the top lawyers in the state include Chad Carpenter of Carpenter Law Firm, Amy Cramer of Cramer Injury Law, and Javan Erfanian of the Erfanian Law Office.
Chad Carpenter is an experienced personal injury and business attorney who is passionate about helping his clients. He has experience in motor vehicle litigation, wrongful death cases, dog bite cases, and medical malpractice.
Amy Cramer is a highly skilled personal injury lawyer at Cramer Injury Law, specializing in Denver and surrounding areas. She specializes in auto collision cases, pedestrian accidents, product liability, slip and fall accidents, and more.
Javan Erfanian is a Colorado favorite for personal injury law and workers’ compensation cases. He is the founder of the Erfanian Law Office and is a Car Accident Attorney of the Year award recipient. He is dedicated to getting his clients the compensation they deserve.
Conclusion
Pre-settlement funding is a great way to relieve the stress and strain of a pending court case. Colorado offers individuals a variety of pre-settlement funding options and the benefits that come with it. It is important to understand comparative negligence when filing personal injury claims, and to ensure that auto-accident insurance policies meet the state minimums. Finding the right personal injury attorney is also key to receiving a successful claim. This article discussed the benefits of pre-settlement funding, comparative negligence, insurance limits for personal injury and auto accidents, and reviewed some of the top attorneys in Colorado.
