There are three questions every plaintiff wants answered regarding their personal injury lawsuit.
- 1.How much money will I receive when this this personal injury case settles
- When am I going to get the money?
- How am I going to stay solvent until my case settles?
The number of personal injury lawsuits varies each year, and therefore, some of the biggest payouts and most interesting cases vary accordingly. It is difficult to pinpoint or breakdown the average payout for personal injury lawsuits. Because the time it takes to try one of these cases vary as well, the struggles that plaintiffs may face are uncertain and costly.
You need to have the facts before you can make any type of decision about your personal injury lawsuit worth. Typically, in many personal injury cases, insurance companies push plaintiffs to settle before the plaintiffs can really assess and gain a better understanding of what their case is worth. Personal injury lawsuits can involve a number of forces pressuring you as the plaintiff to take the first amount offered to you. You might have lost wages for you were unable to work while having daily expenses to pay. Additionally, you have legal fees and medical bills from your accident to cover. You must figure out the value of your case in order to make the right decision between settling or going to court.
You need to start putting together the facts immediately after the accident or the incident. This helps your attorneys figure out if you have a good case and therefore, what your case might be worth. It is usually in your best interest to provide your attorney with all of the information you have about your injury, the medical bills associated with it, estimate of lost wages and the cost of any other damage.
Insurance and liability are crucial in defining the case worth. You can give your lawyers all the information about your injuries and medical history. For instance, if you suffered whiplash in an accident, have you had neck or back problems prior to the accident? If so, the insurance company might try to argue that your injuries are due to a pre-existing condition, not as a result of the accident. In addition, you must let your attorney know if you could be found liable in any way for the accident, as that can affect the amount of your settlement.
Once all your information has been gathered and provided to your attorney, your attorney can assess what your case is worth and can usually give you a fair estimate of what you can expect if you take your case to trial and win. As a result of your accident and injuries, the damages might include the cost of medical treatments, loss of income, the cost of emotional distress and pain and suffering.
It is possible that in the course of your lawsuit it takes a fair amount of time to calculate the cost of the damage from an injury. For instance, you might think that your medical treatment is finished, when in reality there are more complications or other issue down the line, which increases the cost of the accident. You might also expect to be out of work for a few weeks, but end up needing to take more time off, which can affect the amount of money you need for lost wages. That’s why it’s usually best not to rush and take the first amount you’re offered from the insurance company because it might not be close to what your case is really worth. So ask your attorney before accepting an offer.
Your attorney will evaluate and review with you the value of your case and should be a trusted source for information about whether to settle or whether to take the lawsuit to court. You usually should follow the advice given by your attorney over the input from the insurance company. Your attorney is looking out for your best interests, while the insurance company is usually looking out for the least expensive and fastest way to get rid of your case. Therefore, it is sometimes in your best interest to not take the initial settlement offer from the insurance company and give your attorney time to get you a fair settlement and maximize what your personal injury lawsuit is worth.
If you are having trouble making ends meet and need fast cash to pay your medical bills and other daily expenses, you might feel pressure to settle and take the lower amount, just to have cash in the bank. Pre-settlement funding is designed to provide you with the financial vehicle to support your financially until you receive the cash from your settlement. You can receive an upfront cash advance of the anticipated amount of your settlement. It is not a loan and only needs to be paid back if you win. To learn more about pre-settlement funding, contact us at Smart Lawsuit Funding today.
If this is your first time involved in a personal injury claim, you be surprised by the long timeframe of the litigation process. It may take months, if not years, for you to receive compensation for your injuries. So an option is to start now with a lawsuit loan to help cover your cost of living during this process.
With Smart’s settlement loans, you can pay for some of your cost of living expenses, transportation expenses, child care and other day to day personal bills. We understand that expenses are piling up because of the increasing costs of maintaining your lawsuit.