pre-settlement funding in Georgia 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
What is Pre-Settlement Funding in Georgia?
Pre-settlement funding, also known as a “lawsuit loan”, is an important means of financial assistance for plaintiffs in Georgia who have pending legal claims. It is usually provided by a lender who agrees to front money to a plaintiff in exchange for a portion of their anticipated settlement. This means that the plaintiff can receive cash quickly to cover expenses without having to wait for the court case to be resolved. Pre-settlement funding provides many benefits to victims and their families, allowing them to focus on their next steps as opposed to worrying about financial stresses.
Benefits of Pre-Settlement Funding
As many victims of personal injury and auto accidents in Georgia are not able to work due to the severity of their injury, pre-settlement funding can provide them the funds necessary to make ends meet while the case is pending. Additionally, plaintiffs can use this money for medical bills and other expenses related to the accident, such as for transportation and lodging for court appearances. In some cases, pre-settlement funding can also provide the funds needed to hire an experienced attorney, increasing the chances of a successful outcome.
Comparative Negligence
In Georgia, comparative negligence is a legal principle that is used to determine the responsibility of multiple parties in a personal injury or auto accident case. It states that any party who is found to be at fault for an accident must be held liable for their percentage of the damages—even if they were only slightly at fault. This means that even if the plaintiff is found to be at fault, they can still be awarded some form of compensation. However, the amount of money that a plaintiff can receive is reduced by an amount proportional to their degree of fault as determined by the court.
Insurance Limits for Personal Injury and Auto Accidents
In Georgia, the amount of personal injury or auto accident compensation a plaintiff can receive is limited by certain state laws. Generally, the amount of liability coverage a driver is obligated to have is $25,000 for bodily injury per person, $50,000 for bodily injury per collision, and $25,000 for property damage. In cases where a defendant is found to be liable for more in damages than the amount covered by their insurance, a plaintiff may still be able to receive compensation as long as the defendant has enough assets to cover the remaining cost.
Top Attorneys in Georgia
There are many experienced and successful attorneys in the state of Georgia who specialize in personal injury and auto accident claims. Some of these top lawyers are Michael J. Weinstein, of Weinberg Wheeler Hudgins Gunn & Dial LLC; Fraz Jaswal of Jaswal Law; Carmen Ray of Ray & Ray, LLP; and Matthew Homatas of Homatas Law Firm. These attorneys have extensive experience defending clients and fighting for compensation to ensure that justice is served.
Conclusion
Pre-settlement funding provides financial relief to victims of personal injury and auto accidents in Georgia. It enables plaintiffs to pay for necessary expenses during their legal case without having to wait for its resolution. Additionally, in a comparative negligence state like Georgia, plaintiffs may still be able to receive a portion of their damages even if they were found to be at fault. With the help of some of the state’s best attorneys, plaintiffs can be sure that their rights and interests are fully represented and resolve their case in the most favorable way.
