Victims of all ages are at risk of injury from slip and fall accidents, which are a leading cause of harm. These accidents often lead to costly medical treatments and lengthy legal proceedings.

Lawsuit settlement funding can help relieve financial burdens while your personal injury claim is pending. Also known as pre-settlement funding, these funds are not loans and only need to be repaid if and when you receive a successful outcome from your case.

Affordability

The expenses of a slip-and-fall incident can be extremely high, and it may take many months, or even years, to resolve. During this period, those affected may run out of money and struggle to pay their expenses and bills. It can result in stress, depression, and even physical health issues. To combat this problem, settlement funding can be used to cover your expenses until your case settles.

A lawsuit funding can cover various expenses, including medical bills, living costs, insurance premiums, rent/mortgage, out-of-pocket expenses like pain medications, and copays. It is unlike a personal loan or credit card because you only repay the cash advance if and when you receive a settlement from your case.

Additionally, a lawsuit cash advance does not require any collateral, and you can apply for a lawsuit loan without impacting your credit or employment status. It is an excellent option for people with bad or no credit or unemployment. It also helps increase your bargaining power with the liable party’s insurance company during the settlement process, as they can see that you are financially stable and will not be easily pressured into accepting a low offer.

Flexibility

Usually, in slip-and-fall cases, you must wait for your lawsuit to settle before recovering damages. It can be frustrating, primarily if you rely on that settlement money to cover your living expenses and pay your medical bills.

While slip and fall cases do have average settlement amounts, each case is different. For example, if your injury caused you to miss work or experience severe pain and suffering, you can also pursue compensation for those losses. These noneconomic damages may increase the value of your case and lead to a higher settlement amount than the average.

Lawsuit funding, often called a “lawsuit loan,” provides plaintiffs with upfront cash while waiting for their cases to settle. This type of pre-settlement funding does not require monthly payments, and you only pay back the ‘loan’ if and when your slip-and-fall lawsuit results in a successful settlement. This flexibility makes it a popular choice for injured victims struggling to keep up with financial obligations after a severe injury.

Timeliness

As you know, personal injury claims can take a long time to settle. During this time, injured parties often struggle to meet their financial obligations, such as medical bills and regular expenses. If you’re feeling the financial strain of a slip-and-fall lawsuit, consider slip-and-fall lawsuit funding to obtain the necessary funds quickly. The process for a slip-and-fall lawsuit includes several stages, including discovery and trial. If you’ve suffered injuries in a slip and fall accident, contacting your attorney immediately is crucial to filing a compensation claim.

Once your lawyer has filed a lawsuit against the property owner, they will request information from you and any witnesses. Your lawyer may also conduct a deposition to gather more facts about your injuries.

The legal process of a slip and fall accident can be lengthy, but it is vital to remain patient and continue working with your lawyer. In the meantime, a slip and fall lawsuit funding may be the perfect solution if you struggle to keep up with your daily expenses and medical bills.

Privacy

Slip and fall lawsuit funding is not a loan but a legal cash advance. It means you don’t have to worry about paying back the advance if you lose your case. This type of lawsuit funding is also non-recourse, which means you don’t have to pay the advance back if you don’t win your case or settle it for an amount lower than expected.

A successful premises liability claim requires proving that the property owner owed visitors a duty of safe conditions maintenance. A failure to uphold this duty can be considered negligent and result in a personal injury case.

The insurance companies involved in slip and fall cases sometimes take months or years to finalize a settlement with the injured plaintiff. This delay can cause financial chaos for the plaintiffs and their families. Pre-settlement funding can help them pay their bills and expenses while they wait for a fair settlement.

Security

Whether they fall through the stairs at work or slip on a tomato at the grocery store, victims of these accidents can suffer severe injuries. While the physical damage may never be undone, monetary compensation can help ease the burden.

However, the lengthy process of settling a lawsuit can delay getting victims the money they deserve. It can also be financially devastating for those who need to cover medical expenses, bills, and other living costs while their cases are pending.

Slip and fall lawsuit funding, also known as pre-settlement funding or litigation cash advance, allows victims to receive a portion of their settlement immediately. The funding is not a loan, meaning that plaintiffs must only pay back the amount they owe if they win their case.