Minnesota’s personal injury laws, accident rates, and liability minimums.
Learn more about Minnesota laws, your litigation, the insurance, and your case. You can’t and shouldn’t have to fight this battle alone. At Baker Street Funding, our litigation funding team understands the hardships a victim suffers either from injuries or institutional litigations. We are committed to providing Minnesota plaintiffs the financial assistance they need quickly. To learn more about your legal funding options in Minnesota, contact us today at (888) 711-3599 or fill out our no-obligation application today.
Car accidents statistics and facts in Minnesota
With an increasing population of over five million, Minnesota has its fair share of crimes and accidents. In cases of car accidents, Minnesota is a “No-fault state”; This means that your insurance company will bear the cost of any damage or injury to an extent — regardless of who is at fault.
You can file a car accident claim in Minnesota if you meet the following criteria:
•If you have incurred more than $4,000 in reasonable medical expenses.
•If you have suffered permanent injury, permanent disfigurement, or suffered disability for at least 60 days.
If you were involved in an auto accident and need an accident loan right away, apply for a car accident loan now, and get the funding process started today.
Worker's comp accidents
Regarding workers’ compensation in Minnesota, every worker is expected to have a worker’s compensation insurance.
This insurance covers accidents that may arise in the course of employees discharging their duties. If an employer fails to provide insurance for his or her workers, they will be made to pay a fine of $1000 per employee for the duration they operated without insurance. In cases where the employee is owed compensation from an employer who failed to provide workers insurance, the Minnesota Special Compensation Fund will aid and pay the benefits.
Unfortunately, Baker Street Funding does not provide worker compensation loans in Minnesota
Personal injury lawsuits and how it affects Minnesota victims
In Minnesota, cases are decided based on comparative law. This means that you can recover some losses if you are little at fault in an accident.
In essence, if you are responsible for up to 50% of the accident, you can recover damages. However, you will lose out on damages if you are responsible for 50% and more of the accident.
If you are battling a personal injury case in Minnesota, you can apply for a personal injury loan to help you cope with living expenses until your case is settled. Don’t wait until you run out of time before you file your lawsuit.
Exceptions to the statue of limitations
Exceptions to the Statute of Limitations:
The statute of limitations for personal injury cases is two years in Minnesota, and you will lose out on any compensation if this time elapses.
In other words, you must understand that you will lose the credibility to file your lawsuit and sue for damages when the statute of limitations is exceeded.
However, there are very few occasions when the time is extended, and that will be determined by the Discovery Rule — which takes into consideration how long it took before the injury or damage was reasonably discovered.
Your Minnesota personal injury attorney is in the best position to evaluate your case and advise you on the right course of action. His or her decision will be determined by the nature of the case and the claims involved.
Overview of personal injury laws in Minnesota
The legal framework is unique in the United States, and it is applied differently as you move from one state to another. The statute of limitations is a time frame within which victims of injury or crimes are expected to file their claims.
If you don’t file your lawsuit within the time limit prescribed by the law, your case won’t make it to the judge’s desk, and your claim will be dismissed. The plaintiff will also lose any chance of getting compensation damages.
The statute of limitations is put in place to ensure fairness and preservation of evidence (including physical evidence and the integrity of witness testimony).
The statute of limitations also prevents the indefinite threat of a lawsuit by a party. Like we mentioned earlier, the statute of limitations varies from state to state and differs with different claims such as medical malpractice, car accidents, and personal injury, among others.
The statute of limitations in Minnesota range between two (2) years to ten years (10) years. Cases of professional malpractice, injury to a person, and slander/libel has a duration of two years each.
Cases of fraud, injury to property, Trespass, collection of rents, and contracts (either written or oral) are allotted six (6) years. Judgment can take up to ten (10) years.
The insurance company
Litigations can drag on for months and even years in the state of Minnesota. Protracted legal battles often leave plaintiffs struggling with their finances. When accidents happen, plaintiffs usually face lots of bills including medical bills, rent payments, tuition, and other living expenses to contend with—especially medical bills. Whenever victims hit a financial challenge, they tend to buckle to the defense attorneys’ pressure or insurance to settle early and take low compensation.
Settling for less is denying yourself justice.
The legal funding company
Rather than accepting undervalued offers from defense attorneys, Baker Street Funding is a renowned legal funding company that could provide you with lawsuit loans in Minnesota and other states across the U.S. in as little as 24 hours so you can proceed with your lawsuit, take care of your financial situation and give your attorney more time to work on taking a better settlement.
Minnesota locations we typically fund in
MN cities we typically fund:
- North Mankate
- Falcon Heights
- Gem Lake
- Circle Pines
- New Prague
- Elk River
- Eden Prairie
- Arden Hills
- Apple Valley
- White Bear Lake
- Belle Plaine
- St. Paul
- Brooklyn Park
- Maple Grove
- St. Cloud
- Eden Prairie
- Coon Rapids
- Apple Valley
- St. Louis Park
MN counties we funded:
- Hennepin County
- Ramsey County
- Dakota County
- Anoka County
- Washington County
- St. Louis County
- Stearns County
- Olmsted County
- Scott County
- Wright County
- Carver County
- Sherburne County
- Blue Earth County
- Rice County
- Crow Wing County