pre-settlement funding in Texas 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 Texas: What is It and What are the Benefits?

Pre-settlement funding is a form of financial assistance that is provided to individuals who have been injured by the negligence of another party. This type of assistance helps individuals who may be facing financial difficulties due to medical bills and lost wages while they wait on the resolution of their legal case. If an individual wins their case, the pre-settlement funding company will receive repayment of their advance from the settlement or verdict. The goal of pre-settlement funding companies is to provide resources and bridge the financial gap for people who are suffering from an injury and are in need of financial assistance.

In Texas, the law system recognizes Comparative Negligence. This is a legal theory that states that both parties involved in a personal injury lawsuit can be held liable and responsible for their own negligence that led to the ensuing injury. Texas law states that financial responsibility should be decided in a manner that assigns restitution on a percentage basis. This percentage of responsibility should be determined by the court, and is dependent on individual party’s negligence that contributed to the injury. The court can assign anywhere from 0% to 100% of fault to each party in the accident, and the amount of damages an individual can recover is directly proportionate to the amount of fault assigned by the court.

In personal injury and auto accidents, the amount of money an individual is allowed to recover for damages is generally covered by auto or homeowners insurance. In Texas, auto insurance companies are legally required to offer a minimum coverage of liability insurance at $30,000 per person, up to $60,000 per accident, plus $25,000 in property damage. These are also known as “30/60/25.” Homeowner’s insurance policies are more variable and can vary considerably depending on the individual’s policy.

There are some of the top personal injury attorneys in Texas who specialize in pre-settlement funding, and they are available to help individuals who are struggling to pay medical bills and lost wages while waiting for their legal case to settle. These attorneys have expertise in issues such as accruing the right amount of compensation, negotiating the best settlement terms, and dealing with insurance companies.

Some of the top personal injury attorneys in Texas include:

• Glenn Merrick of Merrick & Merrick Law in Austin

• Barry Taylor of Taylor & Kranch in Houston

• Alice A. Johnson of Johnson & Associates in Dallas

• John Rollins of Rollins, Williamson & Associates in Houston

• Kenneth E. Chamberlain of Chamberlain & Benningfield in San Antonio

• Gregory Koulroff of Koulroff Law in Plano

• Shelly D. Moen of Moen Law in Houston

• Robert H. Farley of Farley & Farley in Austin

By working with one of these pre-settlement attorneys, individuals who have been injured through the negligence of another party can receive the financial assistance they need while they await the resolution of their case. Pre-settlement funding can provide much needed relief to individuals facing financial difficulties as a result of their injury. The top personal injury attorneys in Texas have the experience and expertise to help individuals win their case and get the fair amount of compensation they deserve.