pre-settlement funding in Pennsylvania 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
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Pre-settlement funding in the state of Pennsylvania has long been a popular option for personal injury victims in need of financial assistance after a major accident. Pre-settlement funding involves selling a portion of a claimant’s future settlement or lawsuit award to a third-party organization in exchange for an immediate payment. The cash payment is designed to provide financial assistance while the claimant is waiting on their case to resolve.
Benefits of Pre-Settlement Funding
One of the major benefits of pre-settlement funding is that it is non-recourse, meaning that if the plaintiff does not win their case, then they are not responsible for paying back the loan. Additionally, pre-settlement funding provides those in need with immediate cash to cover the costs associated with personal injuries. This cash can help to cover medical bills, lost wages, and everyday living expenses.
Comparative Negligence
Under Pennsylvania’s comparative negligence law, a plaintiff can still be eligible for compensation even if they are deemed to be partially responsible for the incident. Comparative negligence states that if you are less than 50% at fault for the incident, then you may still be entitled to compensation. In these cases, the compensation amount may be reduced if you are determined to be partially liable.
Insurance Limits for Personal Injury and Auto Accidents
The state of Pennsylvania has financial liability limits on the amount of money a plaintiff can receive in a personal injury claim or lawsuit. The minimum amount of financial liability is $15,000 for bodily injury and $5,000 for property damage per person. The maximum amount of financial liability available is $30,000 for bodily injury and $5,000 for property damage per accident.
Top Pennsylvania Attorneys
Pennsylvania is home to numerous qualified attorneys who are well-versed in personal injury law. The following are some of the top attorneys practicing in the state:
· Andrew J. Schnader: Andrew J. Schnader is a well-known personal injury attorney who has been in practice since 1977. He has considerable experience with motor vehicle accidents, as well as other types of personal injury claims.
· N. Craig Brown: N. Craig Brown is a founding partner of the Brown Law Offices. He specializes in multiple areas of personal injury law including motor vehicle accidents, workers’ compensation, medical malpractice, and product liability claims.
· Richard S. Stern: Richard S. Stern has been a practicing attorney for over 35 years and specializes in motorcycle accidents, truck accidents, and complicated liability issues.
· Mark Abbett: Mark Abbett is an experienced personal injury attorney who has been practicing for over 25 years. He works on cases involving wrongful death, automobile accidents, and product liability.
· Robert E. Whitehead: Robert E. Whitehead is a veteran attorney who specializes in cases involving premises liability, medical malpractice, and automobile accidents.
Conclusion
Pre-settlement funding provides a invaluable financial resource for those who have been injured in a major accident in Pennsylvania and do not have the financial means to pay their bills while waiting for their legal case to settle. Furthermore, they are also able to seek potential compensation due to the state’s comparative negligence laws. Lastly, it’s important to obtain the services of a qualified, experienced attorney when filing a personal injury lawsuit against a negligent party. The list of attorneys mentioned above are just a few of many who specialize in personal injury law in Pennsylvania.
