Do you know the different types of lawsuit settlements? If you don’t that’s okay, we’re here to help provide you information about the settlements you might come across when suing someone.
Personal injuries have two types of settlements. Personal injury cases mean that the victim is claiming they were injured due to negligence on another person’s part. This starts with a civil suit being filed, and these settlements can range because of many variables that are taken into account during them.
You might receive a formal settlement, which is one that goes before a judge for trial. This means the judge decides if the person is guilty of the charge against them and how much the payout is. With an informal settlement, the parties talk to one another with their settlement lawyers present, and decide what compensation best suits them.
Other types of settlements depend heavily on the case at hand—like a car accident, for example. In an automobile accident, people are involved in a wreck and have sustained damages to their vehicles and may have injuries as well. The plaintiff is seeking compensation for injuries and damage to the car, so that fund is pretty set in stone because you must present mechanic estimates and medical receipts to the court.
Slips and falls are another type of common injury lawsuit. These types of lawsuits usually just want compensation for damages caused by the fall—typically people in this situation want money to cover their medical expenses after their fall.
How Does Pre-Settlement Funding Help the Plaintiff?
Pre-settlement funding is the best type of funding available in America, according to many people. This helps people who may not be able to normally afford to pursue a lawsuit, pursue it. It provides financial support to people in circumstances such as this—from every-day care like groceries, rent and more to funding for their legal case.
A pre-settlement fund can help a plaintiff get a lawyer that will pursue their case and get them the compensation that they deserve. A good lawyer can change the tides for somebody who’s been injured and is filing for a settlement. You want a lawyer who is versed in your type of accident or injury, so you should seek out law firms. Where they offer a ton of different lawyers for different cases. Perhaps you were in a car accident and you need a car accident lawyer, or a wrongful death lawyer. A good law firm is going to provide various lawyers for you to choose from.
Pre-funding also allows the attorneys to fight for the best settlement that they can get their client. This means they won’t agree to the first settlement offered—because it is not unusual for insurance companies to try to under-pay claimants. You want a lawyer who will back you up and watch your back. They know what you’re worth, and they know what you deserve. A pre-settlement advance lets you hold out for a better deal.