A slip and fall accident can be frustrating. You have been injured unexpectedly, and it is negatively impacting your day-to-day life. Since you can no longer go to work, the financial burden can be overwhelming – from medical bills to your other bills.
To make things worse, personal injury claims can take a long time to settle. So, what can you do to keep things under control? This is where pre-settlement funding comes into play.
With pre-settlement funding, you gain access to a cash advance that you can use to settle your medical bills and other expenses as you wait for your personal injury case to conclude.
This blog post discusses everything you need to know about slip and fall accidents pre-settlement funding. Read on to learn more.
Qualifying for Slip and Fall Pre-Settlement Funding
To qualify for pre-settlement funding, you must have an on-going personal injury case resulting from a slip and fall accident. The process is simple and straightforward.
First, you need to contact a pre-settlement funding company. The company will carefully review your case and let you know if you qualify for funding.
Once they determine that you have a strong case, they will offer you a cash advance. The cash advance amount will depend on several factors, including the strength of your case and the expected settlement amount.
So, how does repayment for such funding work? Unlike a loan, you only need to repay the pre-settlement funding if you win your case. If you lose, you don’t have to repay the funding company anything.
This makes pre-settlement funding a great way to get the financial assistance you need without worrying about repayment if your case is unsuccessful.
What Are Some of the Common Slip and Fall Injuries That Qualify for Pre-Settlement Funding?
There are many different types of slip and fall accidents, each with its own unique set of injuries. However, there are some common injuries that will likely qualify you for pre-settlement funding.
These injuries include:
- Broken bones
- Sprains and strains
- Head injuries
- Back injuries
If you have suffered any of these injuries as a result of a slip and fall accident, you may be eligible for pre-settlement funding.
How Much Funding Can I Get for My Slip and Fall Case?
The amount of funding you can get will depend on several factors, including the severity of your injuries, the strength of your case, and the expected settlement amount.
Typically, you can expect to receive anywhere from $1,000 to $50,000 in pre-settlement funding. The pre-settlement funding company you work with will determine the exact amount.
Applying for Slip and Fall Pre-Settlement Funding
If you’re interested in applying for pre-settlement funding, the process is relatively simple.
First, you’ll need to find a reputable pre-settlement funding company to work with. Once you’ve found a company you feel comfortable with, you’ll need to provide them with information about your case.
This will include information about the accident, your injuries, and the expected settlement amount. The company will then review your case and let you know if you’re eligible for funding.
If you are approved for funding, you’ll be able to receive your cash advance within 24 to 48 hours. You can use the money however you see fit.
How Can Pre-Settlement Funding Help to Get You Bigger Settlement?
To ensure that your personal injury case is strong, you must hire a highly experienced slip and fall lawyer. It is almost impossible to get the rightful compensation you deserve if you are not properly represented.
While most personal injury lawyers work on a contingency fee basis, some may require an upfront retainer fee. This can be a problem if you don’t have the money to pay the fee.
Pre-settlement funding can help you get the money you need to hire a lawyer and increase the chances of getting a bigger settlement.
Further, you need money to settle other things related to your case, like medical bills and lost wages. Most people don’t have the money to cover these things on their own.
Pre-settlement funding can help you to cover these expenses so you can focus on your recovery and get the compensation you deserve.
Pre-Settlement Funding Can Prevent Insurance Company Harassment
You must keep in mind that insurance companies are never on your side. These are profit-driven businesses that will use all tactics to delay negotiations and drag out the process to ensure they pay you as little as possible.
Their primary objective is to increase the amount of economic stress you experience, knowing that the longer they take, the more likely you will accept whatever they offer.
Luckily, you can stop insurance companies from exploiting you and forcing you into accepting their lowball offer by applying for pre-settlement funding.
Pre-settlement funding gives you the money you need to outlast the delay tactics employed by insurance companies to starve you and turn you into a beggar. You can afford to wait for long since you have the funds you need to cover your daily expenses.
What Is the Average Payout for Slip and Fall Claims?
The average payout for slip and fall cases will vary depending on the severity of the injuries suffered, the strength of the case, and other factors.
However, most people can expect to receive between $10,000 and $50,000 in settlement.
However, if your injuries are severe, your overall compensation could be worth hundreds of thousands of dollars. It all depends on the damages you’ve suffered and how well your lawyer can prove it.
To get a better idea of what you could receive in your case, you should speak with a personal injury lawyer. He or she will be able to give you a much better estimate after reviewing all the facts of your case.
Final Thoughts
If you’ve been injured in a slip and fall accident, pre-settlement funding can be a great way to get the financial assistance you need. The process is simple and straightforward, and you don’t have to worry about repayment if your case is unsuccessful.
So, if you need financial assistance, be sure to consider pre-settlement funding as an option. It could be the help you need to get through this difficult time.
