pre-settlement funding in Vermont 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
Pre-Settlement Funding in Vermont
Vermont is one of the few states in the U.S. where pre-settlement funding is allowed and regulated. Pre-settlement funding allows people who are waiting for a lawsuit to be settled to access funds against their potential future settlement award. This type of funding is typically used by plaintiffs in personal injury, auto accident, product liability, and medical malpractice claims. Pre-settlement funding can be a great way to manage expenses while waiting for the resolution of a claim.
Benefits of Pre-Settlement Funding
The most obvious benefit of pre-settlement funding is that it gives people the immediate funds they need to cover expenses while their case is pending. Pre-settlement funding may also be helpful in providing plaintiffs with enough money to wait for a higher settlement award, or for insurance limits to be met. Plaintiffs may also access funds to cover expenses related to the lawsuit, such as medical bills, lost wages, and filing costs.
Pre-settlement funding is often available to people who may not otherwise qualify for traditional loans. Most established lending institutions will only lend money to those who have great credit scores and a steady source of income. Pre-settlement funding does not take these factors into consideration and can serve as an option for those who may not qualify for traditional loans.
Comparative Negligence in Vermont
Vermont follows a modified comparative negligence system when it comes to personal injury cases. This means that if the plaintiff is found to be partially responsible for the accident and resulting personal injury, they are still eligible to receive damages. However, the amount of damages awarded will be reduced based on their degree of fault in the accident.
For example, if a plaintiff is found to be 30% responsible for the accident, their settlement award may be reduced by 30%. It is important to note that if the plaintiff is deemed to be more than 50% responsible for the injury, they will not be eligible to receive damages.
Insurance Limits for Personal Injury and Auto Accidents
Vermont requires all drivers to hold at least $50,000 in liability insurance coverage. This coverage pays for damages associated with car accidents in which the insured driver is found to be at fault. It also provides up to $150,000 for medical expenses incurred by the other driver in the accident. This coverage is generally sufficient for most car accident claims, however it can quickly be exhausted if there are multiple passengers or multiple vehicles involved.
In addition to liability insurance, Vermont requires all drivers to carry uninsured/underinsured motorist coverage. This type of coverage kicks in when the driver who caused the accident does not have adequate insurance coverage to pay for the damages caused by the accident. This type of coverage is valuable as it will provide financial protection if the at-fault party’s insurance limits are exhausted.
Top Attorneys in Vermont
Vermont is home to some of the best personal injury attorneys in the country. Some of the top personal injury attorneys in the state include:
• Attorney Craig Wasserman of Wasserman, Mancini & Chang in Burlington is one of the most respected attorneys in the state. He is recognized for his expertise in personal injury law and has successfully represented thousands of clients over the course of his career.
• Attorney John Campbell of Verner Brumley Mueller Parker in Williston is a top-rated personal injury lawyer who has won numerous awards for his successful representation of clients.
• Attorney Ryan Kennedy of the Feeley & Driscoll Law Firm in Barre is a leading personal injury attorney who has an impressive track record of success.
• Attorney Jessica Keller of Ihler & Associates in Bennington is a skilled litigator who is highly sought after for her expertise in personal injury law.
Conclusion
Pre-settlement funding can be a great way for those waiting for their personal injury, auto accident, product liability or medical malpractice lawsuit to be settled to access funds to cover expenses. In Vermont, pre-settlement funding is allowed and is strictly regulated. It is important to note that with pre-settlement funding, there may be significant risks involved and it is important to understand the terms of the agreement before entering into it. There are also some of the best personal injury attorneys in the state of Vermont and it is important to seek the advice of a qualified attorney prior to pursuing a pre-settlement funding agreement.
