Arizona accident laws, personal injury, liability minimums.
The Copper State is renowned for being home to one of the world’s seven wonders — the Grand Canyon. However, behind its bubbling cities and rich history, plaintiffs in Arizona are almost always struggling to get their case settled and awards paid in good time. What that means for victims of personal injury is they will most likely be running from pillar to post scouting for funds to cater to medical bills, hiring an attorney, and keeping up with other living expenses.
The Arizona Motor Vehicle Crash Facts announced that in 2020 alone the state of Arizona had 98,778 car accidents with 970 of them being fatal and 41,350 personal injuries.
Arizona’s interstate highways (and the deadliest) include:
- Interstate 19
- US Route 93
- Interstate 17
- Interstate 40
- #Interstate 10
No-fault car insurance
Arizona is an at-fault state: This means the person that caused the accident is responsible for covering the victims’s injuries, lost wages, and other damages after the accident.
Car insurance coverage in Arizona must be with at least 25/50/15 coverage limits:
- Bodily injury liability coverage: Minimum $25,000 per person and $50,000 per accident.
- Property damage liability: Minimum $15,000.
- Uninsured motorist bodily injury: Minimum $25,000 per person and $50,000 per accident
- Underinsured motorist bodily injury: Minimum $25,000 per person and $50,000 per accident
Arizona is a comparative negligence state
Comparative negligence is a legal theory that benefits car accident victims. Under its rules, if the jury finds the plaintiff at fault, they can still get a monetary recovery. But, the plaintiff’s damages will be reduced by the degree of his or her fault.
Dealing with injuries from accidents and staying on top of your bills can be very daunting. And protracted litigations don’t make the situation any better. Most victims have already recurred to bank loans that have denied their loans.
Unlike bank loans that base their loan on assets, non-recourse legal financing in Arizona only gets paid back if you win your case, which makes you an extremely high-risk borrower. Settlement funding companies do not seize assets if the claim fails and do not check credit scores or employment for approval. For this reason, the rates are higher than traditional lending, and non-recourse litigation finance is not considered a loan.
However, every legitimate funder knows that the rates should never exceed 42% yearly and should be capped. Unfortunately, thanks to predatory funding companies taking advantage of unsuspecting plaintiffs that charge exorbitant 80%+ per annum rates, the state of Arizona has regulated lawsuit loans to interest rates of 36% yearly max. Overall, this regulation has indirectly pushed away most lawsuit loan companies to not fund in the state of Arizona due to the high risk of non-recourse loans.
This senate bill makes it easy for insurance companies to win and lawsuit victims to settle for the least possible amount since most funders won’t fund in that state.
The statute of limitations in Arizona is set at two years for all personal injury claims. It is one year for libel or slander claims, which are a subset of personal injury law. Some exceptions may apply when it takes longer than a year for a person to reasonably realize an injury has occurred.Nov 12, 2019
Injury to Person: False imprisonment; 1 yr. §12…
Injury to Personal Property: 2 yrs. §12-542
Professional Malpractice: Medical: 2 yrs. §12-5…
Trespass: 2 yrs. §12-542(3)
This information can further be found on FindLaw.
While it is your legal right to sue and get compensated for the pain and suffering, medical bills and other damages caused by someone else’s negligence or intentional act, like virtually every other state in the United States, the chances are that the case will get protracted.
While your attorney fights for the best settlement, the bills won’t stop coming. Considering that you will most likely be out of employment and lose your source of income/wage, instead of letting insurance companies frustrate you and push you towards dropping your case, settlement funding may buy your lawyer enough time to gather all the resources and evidence they need to secure the win. A cash advance on a pending lawsuit helps plaintiffs like you to temporarily take care of your financial situation during legal battles. Give us a call at 888-711-3599 to qualify for an advance for your case in A.Z.
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