pre-settlement funding in Delaware 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 Delaware
Pre-settlement funding is a valuable form of financial assistance that has grown in popularity in recent years. Pre-settlement funding provides cash advances to people who have suffered an injury due to someone else’s negligence, allowing them to pay for medical bills, lost wages, and other costs associated with their injury. This article will provide an overview of the benefits and application of pre-settlement funding in Delaware, as well as some important considerations to keep in mind when researching pre-settlement funding in the state.
What is Pre-Settlement Funding?
Pre-settlement funding is a type of non-recourse loan that is available to plaintiffs who have pending legal claims. The advance is based on the outcome of a legal case and can provide financial relief to cover immediate needs, such as car repairs, rent, medical bills, and other costs incurred as a result of the injury. The terms of the loan can vary depending on the case and the settlement amount, but the advance is typically paid back with the settlement amount when the case is resolved. If a plaintiff loses their legal case, they are not obligated to repay the advance.
Benefits of Pre-Settlement Funding in Delaware
The main benefit of pre-settlement funding in Delaware is that it can provide much-needed financial relief in the midst of a legal claim. Pre-settlement funding allows plaintiffs to pay their bills and cost of living while their cases are actively in dispute, which can prevent them from slipping into financial hardship and further distress. Pre-settlement funding is also a non-recourse loan, meaning that if the plaintiff does not win their case, they are not required to repay the advance.
Comparative Negligence in Delaware
In Delaware, the law of contributory negligence is followed, which means that any party found to be at fault for an accident will be liable for all damages, even if their negligence makes up a small portion of the cause of the accident. This means it is important for plaintiffs to collect as much evidence as possible to prove their case, as all of the at-fault parties could be liable for their damages.
Insurance Limits for Personal Injury and Auto Accidents
Personal injury and auto accident cases are generally covered under a person’s automobile insurance policy. In Delaware, the minimum liability coverage is $15,000 per person and $30,000 per accident. These limits also apply to uninsured motorists, so it’s important for all drivers to carry sufficient automobile insurance coverage in case of accidents.
Top Attorneys in the State
Delaware has a number of experienced and knowledgeable attorneys who specialize in personal injury and auto accident law. Some of the top attorneys in the state include Brian J. Chapman of The Law Office of Brian Chapman, Rebecca DiGrazia of The Law Offices of Rebecca DiGrazia, and Keith W. Goshko of Goshko & Thomas, LLC. All of these attorneys specialize in motor vehicle accidents, slip and fall cases, wrongful death claims, and more, and will provide experienced and knowledgeable representation for their clients.
Conclusion
Pre-settlement funding is a valuable form of financial assistance that can provide much-needed relief for plaintiffs who have been injured due to someone else’s negligence. In Delaware, plaintiffs are subject to the law of contributory negligence, meaning all parties deemed responsible for an accident could be liable for damages. It’s important for plaintiffs to collect as much evidence as possible to prove their case. Additionally, it is important for drivers to have adequate car insurance coverage in case of accidents in the state, which is currently set at $15,000 per person and $30,000 per accident. Finally, Delaware has a number of experienced attorneys who specialize in personal injury and auto accident law who can provide excellent representation for their clients.
