pre-settlement funding in Tennessee 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 Tennessee
In Tennessee, pre-settlement funding is a service provided to those who are pursuing a personal injury legal case and need money quickly to cover vital expenses. The money can come from a variety of sources, including legal funding companies, personal injury lawyers and personal injury victims themselves. Pre-settlement funding is becoming increasingly popular in Tennessee, as it provides vital short-term financial assistance while a personal injury case is ongoing.
Benefits of Pre-Settlement Funding
Pre-settlement funding has a wide range of benefits for those pursuing a personal injury claim in Tennessee. First and foremost, it helps prevent settlement delays by allowing plaintiffs to cover immediate expenses such as medical bills, car repairs and rent, so they don’t have to wait until their case is concluded to regain their financial footing. This is essential, considering that many personal injury cases can be extremely lengthy and unpredictable. In addition, pre-settlement funding allows plaintiffs to keep up with their homes, families and medical treatments without having to declare bankruptcy as a result of mounting financial pressure.
In Tennessee, pre-settlement funding is also commonly used to cover lost wages incurred injures due to a personal injury. By advancing money before the case is settled, plaintiffs can keep up on bills, mortgages and other financial obligations. As a result, many people in Tennessee have utilized pre-settlement funding to protect themselves from financial pressure, allowing them to focus their energy and attention on the legal process with a renewed sense of financial security.
Comparative Negligence
In Tennessee, personal injury cases are subject to the comparative negligence rule. This means that, if a plaintiff is deemed partially responsible for a personal injury, they will not be able to receive full damages. For example, say that a plaintiff was involved in an auto accident in Tennessee, and the court deemed them to be 20% responsible for the incident. Under the comparative negligence rule, the defendant would not be responsible for the entire amount of damages, and the plaintiff would only be awarded 80% of their requested damages.
The comparative negligence rule can be complex and difficult to understand, which is why it’s important for plaintiffs to understand their rights and the relevant legal statutes before entering into a personal injury lawsuit in Tennessee. Pre-settlement funding can also be beneficial in cases involving comparative negligence, as it can help plaintiffs cover legal expenses and medical bills stemming from the accident in the event that their damages are reduced due to the comparative negligence rule.
Insurance Limits for Personal Injury and Auto Accidents
Tennessee’s insurance laws limit the amount of damages a plaintiff can receive in a personal injury case. In the case of auto accidents, the no-fault laws place a cap of $1 million on the damages a plaintiff can receive, regardless of how much injury they are suffering from. Similarly, medical malpractice claims are limited to $750,000 when suing a healthcare provider in Tennessee.
These limits can be a source of frustration for those pursuing a personal injury claim, as the financial burden of their injury may exceed these limits. Fortunately, pre-settlement funding can be a helpful resource for those seeking to receive the full damages they are owed. By providing quick and easy financing, pre-settlement funding companies can help cover the costs of medical bills and other expenses, even if the damages are limited by Tennessee’s insurance laws.
Top Attorneys in Tennessee
There are a number of top attorneys in Tennessee who specialize in personal injury law and can help those seeking to pursue a claim. Some of the most renowned and experienced personal injury lawyers in Tennessee are listed below:
– Steven Worrall, Esq. (Nashville)
– Martzell, Bickford & Centola (New Orleans)
– Jeff Farrar (Memphis)
– Andrew J. Cates, Jr., P.C. (Knoxville)
– R. Michael Smith (Chattanooga)
– Kenneth T. Bell (Brentwood)
These experienced and talented attorneys can provide invaluable advice and assistance to those pursuing a personal injury claim in Tennessee. With their help, plaintiffs can ensure that they receive the full damages they are owed, as well as the financial assistance they need to cover immediate expenses during the legal process.
Conclusion
Pre-settlement funding is becoming increasingly popular in Tennessee, as it can help personal injury plaintiffs cover immediate expenses during their legal case. This money can also be used to cover lost wages and other financial obligations, allowing plaintiffs to focus on their case without worrying about mounting bills. With the help of pre-settlement funding and some of the state’s top personal injury lawyers, those seeking damages in Tennessee can ensure they receive the full compensation they are owed.
