pre-settlement funding in Wyoming 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
Introduction
Pre-settlement funding, also known as a lawsuit loan, is a type of cash advance for people who have filed a claim for a personal injury, wrongful death, medical malpractice or other legal case with an attorney in Wyoming. It allows plaintiffs who are pursuing litigation to receive a portion of their expected settlement funds in advance. These cash advances are providing much needed financial relief for individuals and families who have been financially affected by a personal loss.
Benefits of Pre-Settlement Funding
For individuals and families in Wyoming who are facing financial hardship due to personal injury or a wrongful death, pre-settlement funding is offering them a much needed financial lifeline. Pre-settlement funding is a way for plaintiffs to access a portion of their legal settlement funds before their case is resolved. This can help cover living expenses that have become difficult to pay due to the injury or death. Pre-settlement funding can also help cover upfront legal fees and can help the plaintiff to keep their claim going while they wait for their case to be heard.
The financial relief provided by pre-settlement funding can be especially advantageous for those cases where the court may not award damages for a personal injury or wrongful death. For example, if the defendant’s insurance company does not offer a settlement, or if the limits of the carrier are well below the amount of damages sought, pre-settlement funding can make all the difference. Pre-settlement funding can also help cover living expenses if a person has been unable to work due to the injury or illness.
Comparative Negligence
Wyoming is a state that follows a form of contributory negligence known as “comparative” negligence. Under this rule, both plaintiff and defendant can be found liable for an injury or death. The amount of liability for each party is determined by the courts and can be based on how much of the injury or death was caused by the negligence of each party. Any funds awarded to the plaintiff for the injury or death must then be split between both parties in proportion to their liability.
The comparative negligence rule can mean a lower overall financial recovery for the plaintiff, as the amount of liability assigned to each party can significantly decrease the amount of damages awarded. In these cases, pre-settlement funding can help provide a much-needed financial lifeline while the case is in progress and can help plaintiffs to cover any legal fees associated with their case.
Insurance Limits for Personal Injury and Auto Accidents
In Wyoming, state law mandates that motor vehicle insurance policies have a minimum of $25,000 in coverage for personal injury or death of a person due to an auto accident. However, many policies have significantly higher limits, and the amount of coverage can vary depending on the type of coverage and the carrier.
The highest amount of personal injury coverage an individual can purchase for an auto accident is $300,000. This is known as the Auto Injury Liability Limit, or AILL. Beyond this limit, the injured party will likely not be eligible for further damages from the insurance carrier. In cases where the damages experienced by the injured party far exceed the limits of the AILL, pre-settlement funding can help provide much needed financial relief while the case is in progress.
Top Attorneys in Wyoming
When pursuing a legal case for a personal injury, wrongful death or medical malpractice in Wyoming, it is important to choose an experienced and reputable attorney. Here are some of the top attorneys in the state:
• David McClellan: David McClellan is a personal injury attorney in Wyoming who specializes in catastrophic injury cases. He and his team of personal injury lawyers work with clients whose cases involve workplace accidents, motor vehicle accidents, and more. McClellan Law Firm is recognized as one of the leading personal injury law firms in the state.
• Steve Anderson: Steve Anderson is an experienced trial attorney and has successfully represented many wrongfully injured people in Wyoming. He has been practicing for over twenty years and is dedicated to helping people who have been unfairly harmed.
• Marc Krause: Marc Krause is an experienced and successful civil litigator who has represented people in courtrooms all over Wyoming. He is highly-regarded in the personal injury and wrongful death legal fields, and is committed to helping those who have suffered a loss due to someone else’s negligence.
Conclusion
Pre-settlement funding in Wyoming is offering much-needed financial relief for individuals and families who have been affected by a wrongful death or personal injury. This type of cash advance is providing an important lifeline for people who are unable to cover their living expenses while they wait for their case to be heard. Pre-settlement funding can also help to cover legal fees and any amount of damages awarded that falls below the limits of the defendant’s insurance policy. It is important to choose an experienced and reputable attorney to represent you in your claim, and some of Wyoming’s top attorneys include David McClellan, Steve Anderson and Marc Krause.
