What Cases Qualify for Pre-Settlement Funding?
Pre-settlement funding is a sum awarded to an injured party as financial aid before settling an injury claim through a court session or negotiation. Personal injury cases can take months or even years before a settlement is made.
However, eligible parties can receive an amount from a legal funding institution to pay their bills before settling their injury case. Not all personal injury cases qualify for pre-settlement funding. If your injury lawsuit falls under the following categories, you may be eligible for pre-settlement funding.
Medical Malpractice Cases
Doctors have the responsibility to offer medical care up to standards and do no harm to patients. You deserve quality medical care, and the doctor has to ensure that safety conditions are met. Yet some patients suffer harm from negligence or errors made by healthcare professionals.
Medical malpractice lawsuits include:
- Delayed diagnosis
- Birth injuries
- Wrong medication
- Wrong-site surgeries
If you file a medical malpractice case but cannot afford the medical bills for your recovery, you can apply for pre-settlement funding.
Slip and Fall Lawsuits
It is the legal duty of all property owners in government, public or private sectors to keep their properties safe. Spaces that receive high traffic need floors that can withstand this without exposing users to the risk of slipping and falling.
Owners have to do everything to ensure that their properties do not expose users to risk. During the winter, they need to clear ice and snow buildups and install salt and malts to soak melted snow to prevent slips and falls.
Property owners who fail to implement safety measures to prevent slips and falls may be held accountable in case of slip and fall injuries. When you file a slip and fall injury claim but lack the funds to pay for ongoing treatment, applying for pre-settlement funding could help.
Victims injured by the negligence of a property owner can apply for Los Angeles legal funding for personal injuries to benefit from a valuable financial safety net.
Work-Related Injuries
Employers must keep workspaces safe and employee-friendly. Management must also ensure they only assign workers duties they can handle safely. Employees must have the proper training to ensure they can correctly work with the tools and equipment they have.
Ideally, all workplace conditions must meet safety standards. If an employee suffers injuries owing to unsafe workplace conditions, they can file for a personal injury case if they are not already covered by workers’ compensation.
Car Accident Cases
As per statistics, the world records 1.35 million deaths every year owing to road accidents. In addition, approximately 20 to 50 million accident victims suffer non-fatal injuries, causing long-term disabilities. Most road accidents are caused by human negligence.
Therefore, you can file a lawsuit if you’re injured in an auto accident to recover damages. Depending on the specifics of your case you can cover the following:
- Medical costs
- Future medical costs
- Lost wages
- Repair cost
- Pain and suffering
If you lack the finances to pay for the medical bills until you receive a settlement, you can seek pre-settlement funding. You might need to seek legal assistance to help you access funding options.
Animal Bites
If you suffer animal bites caused by the pet owner’s negligence, you can file a personal injury claim. For instance, dog bites that lead to infections and scarring can be costly to treat. The dog owner should pay for the medical bills of the injured party. If they do not pay the bills, you can file a personal injury lawsuit.
You can also apply for pre-settlement funding before the case gets settled. This will ensure that you can receive the medical care you need without gathering debt.
Prepare for Your Legal Battles
Lawsuits associated with personal injury aren’t always settled within days or weeks. In most cases, personal injury lawsuits take several months or even years before a settlement is reached.
While waiting for your case to be closed, you might need an advance to pay hospital bills and cover living costs. Pre-settlement funding offers a valuable financial safety net when you need it most.
With a BA in communications and paralegal experience, Irma C. Dengler decided to make the best of her writing skills. She decided to turn complicated legal matters into something more palatable for the masses. Therefore, Irma became a law communicator who writes about everyday problems so everyone can understand them and take the appropriate action. She specialized in personal injury cases, as they are more common than anyone thinks, but her areas of expertise also include civil law, criminal law, insurance-related issues, and more.
