pre-settlement funding in Utah 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 Utah
Pre-settlement funding, also known as a lawsuit cash advance or advanced settlement funding, allows people who are plaintiffs in personal injury lawsuits to receive cash advances to cover expenses caused by the accident or injury. In Utah, pre-settlement funding helps cover immediate costs during the wait for a lawsuit settlement.
Benefits of Pre-Settlement Funding
Although the decision to obtain pre-settlement funding should not be taken lightly, it allows plaintiffs to pay for ongoing costs while their case is pending. Plaintiffs in an ongoing lawsuit require monthly expenses to cover day-to-day costs such as food, shelter, and medical bills that may result from the injury. Pre-settlement funding can provide critical support to individuals and their families during the duration of their lawsuit.
Another benefit of pre-settlement funding is access to better legal representation. Since it can take a long time for settlement money to arrive, many plaintiffs are unable to afford the best legal representation. Pre-settlement funding can provide the additional resources necessary to cover the legal or medical fees. This will result in increased financial resources available to pursue justice and better security that cases will come to a favorable resolution.
Comparative Negligence
The law in Utah recognizes a negligence theory known as comparative negligence, which can have an impact on a plaintiff’s claim for damages. Comparative negligence, which is also sometimes referred to as “modified comparative fault,” is a legal doctrine which assesses the relative negligence of both parties in a case. In other words, it determines what percentage of fault is attributed to the plaintiff and the defendants in a case. The amount awarded is then adjusted based on the percentage of fault attributed to each party.
Insurance Limits for Personal Injury and Auto Accidents
In Utah, personal injury and auto accident cases often involve insurance coverage. Plaintiff’s up to $20,000 can be applied towards injury-related damages. Insurance companies in Utah are also required to provide liability coverage of no less than $25,000 per person and $50,000 per incident in bodily injury or death. These limits can be exceeded depending on the type of coverage available, but the policy limits should be kept in mind when negotiating a settlement.
Top Attorneys in the State
There are many experienced attorneys in Utah who specialize in personal injury and auto accidents. Here are some of the top attorneys in the state:
1. The attorneys at Christensen & Hymas specialize in personal injury and auto accident cases, as well as various other accident cases. They provide a wide range of legal services and have successfully represented thousands of clients across Utah.
2. The attorneys at Feller & Wendt have extensive experience in personal injury, wrongful death, premises liability and auto accidents. Their attorneys are highly knowledgeable and can help ensure that you receive the compensation you deserve.
3. The attorneys at Rosenstein, Osher & Starks specialize in auto accidents and have won millions of dollars in settlements for clients throughout Utah. They strive to provide the best possible legal representation and a positive outcome for every case.
Conclusion
Pre-settlement funding in Utah can provide assistance to plaintiffs in personal injury and auto accident cases. By having access to additional resources and funds, plaintiffs can better achieve justice while they await the outcome of their lawsuits. The law in Utah also recognizes a doctrine known as comparative negligence which assigns fault to parties involved in a case. Knowing these legal limits and guidelines can be beneficial when seeking a settlement. Finally, there are numerous experienced attorneys in the state who specialize in personal injury and auto accident cases who can offer the best legal services available.
