How the insurance works and how it affects your accident lawsuit.
There is a reason why settlement funding companies always ask for one crucial piece of document, and that’s the defendant’s insurance policy. The value we give your case depends on the rules that govern every state.
Pure contributory fault:
Pure contributory fault is the insurance company’s favorite regulation. It determines the % of who was negligent within the accident. Under its rules, whatever was the amount you were negligent for, that amount will limit your recovery. In other words, if they decided that you were 92% at fault, your benefit is that you would still be able to recover 8% of your damages from the defendant’s insurance company.
50% modified comparative fault:
If you are 50 percent or more at fault for an accident, you cannot seek compensation for your injuries. Any less than 50 percent and you can collect, subtracting which percent was your fault.
51% modified comparative fault:
If you are 51 percent or more at fault for the accident, you cannot collect damages. This means if you’re hurt in an accident, and it was partially your fault, you still have a right to seek damages.
Uninsured motorist injury claim:
This type helps pay for harm when the other party doesn’t have liability insurance.
Regardless of who is at fault, this type of insurance covers medical costs. In no-fault states, personal injury protection (PIP) is required, and drivers are limited in their right to sue other drivers; therefore, PIP will not compensate you for pain and suffering.
Legal funding for car accident lawsuits helps plaintiffs, but does it help the insurance company?
An insurance company, in general, wants to offer you the least amount possible for your accident. Often, victims of motor vehicle accidents find themselves in challenging positions from losing homes, not working, and struggling to pay the main essences of life, such as electricity or food. Insurance companies have methods on how to get you to accept the least amount possible for your accident. Although pre-settlement funding for car accidents brings many benefits to struggling injured plaintiffs, some insurance companies don’t see it as beneficial for business. They end up paying plaintiffs more money if the victim can wait for better personal injury compensation. Accident victims who receive funds to support themselves can often say no to the insurance company’s undervalued offer and end up settling for a higher amount. This is the fundamental reason why insurance companies are against the car accident loan market.
Pre-settlement auto accident loans, and negative advertising from insurance companies.
There are articles online advertising about how they care for plaintiffs; at the same time, they intend to take down the auto accident loan industry out of existence. Therefore, the plaintiff will have no choice but to settle for less. Don’t allow insurance companies to get away with offering you a low insulting so-called offer. Apply today for an auto accident settlement advance and get the help you need FAST. Remember, insurance companies are against car accident loans because we help victims like you.