The availability of a Florida lawsuit funding gives car accident victims the fortitude to go to court and seek sufficient compensation for economic and non-economic damages.
In Florida, if a car accident resulted in severe injuries that cost more than the insurance coverage of the victim’s Personal Injury Protection insurance, a lawsuit can be filed directly against the other driver. It’s a way to claim additional compulsory damages caused by the auto accident.
However, some are worried that they’ll go to court for naught. As it is, the state of Florida follows the No-Fault Injury rule, which holds both parties to a car accident accountable for the damages caused by the accident.
Many car crash victims are apprehensive over filing a lawsuit to seek compensation for non-economic damages that resulted in their disability to work. They worry that filing a lawsuit could only hasten the reduction of the amount they received as insurance proceeds. After all, doing so requires the incurrence of additional legal expenses that most victims aren’t prepared to shoulder.
Obtaining a Florida Lawsuit Funding to Seek Additional Accident Claims
When filing a lawsuit seeking additional car accident claims, it’s important to get a highly experienced lawyer to handle the case. Seasoned lawyers also know of lawsuit loan companies that provide financial assistance to car crash victims seeking full compensation. That denotes other compulsory damages, including non-economic losses will be recognized for compensation.
Actually one of the eligibility criteria that lawsuit loan companies consider when granting a lawsuit funding is the involvement of a reputable personal injury lawyer. The latter will in fact collaborate with the funding company in taking legal action on behalf of the victim.
Taking legal action to obtain fair and full compensation while struggling financially, is common in Florida. However, the process is not as easy as it seems. That is why a lawsuit funding company will assess the victim’s likelihood of being awarded the amount of compensation he seeks.
After all, the lawsuit funding company cannot demand payment from the victim but will rely solely on the proceeds of the lawsuit loan.