It’s never easy to deal with the pain and suffering caused by an auto accident, but it can be even more difficult if you don’t have the right insurance in place or your own car insurance doesn’t cover the injuries you suffered.
This guide provides information on how to get financial assistance after car accident, so you can focus on recovering from your injuries rather than dealing with long medical bills and missed work days.
Step 1: Find the Best Lawyer That Works on Contingency Basis
Suppose you are injured in an accident and need funds for living, treating your injuries, or getting by on disability for an extended period. In that case, it is important to find a lawyer who works on contingency.
Lawyers who work on a contingency charge no up-front fees; they are paid only when they win your case. This means that if they lose, they will not get paid, but if they win, they will get paid their legal fees from the settlement.
To find one of these lawyers, look in your area where firms handle personal injury cases.
Local chambers of commerce and state bar associations also often have listings for local lawyers as well as other resources that can help.
Step 2: Know How Much Will Your Car Accident Claim Cost
What does a car accident claim cost?
Typically, the attorney will charge somewhere between 25% and 40% of the total settlement amount.
This percentage may change depending on the state.
For example, in Texas, attorneys typically charge 33%. However, it’s possible that your insurance company could cover this fee for you because they will most likely be paying out what is owed from the car accident settlement.
Of course, this is just an estimation.
Step 3: Learn About Personal Injury Protection (PIP)
Personal Injury Protection (PIP) is car insurance coverage that pays for the costs of injuries sustained in an auto accident.
It pays regardless of who is at fault, even if the injuries don’t meet the minimum threshold to file a lawsuit.
PIP generally covers medical expenses, loss of wages, and pain and suffering, with caps on maximum benefits.
While it’s not required by law in all states, some states require drivers involved in certain accidents – such as head-on collisions – to purchase PIP coverage to cover injured victims.
Step 4: Sue The Offender For Pain and Suffering
Know your rights! If you’ve been involved in an accident, you can sue the offender for pain and suffering.
This differs from going after compensation, as pain and suffering include emotional distress.
It’s not always possible to predict who will be at fault in a car accident, so it’s best to file claims against both parties.
A qualified attorney can help you determine what legal steps are necessary and help get you the financial compensation that you deserve for your injuries and damages.
Step 5: “Apply For Pre-settlement Funding” The Easy Way Of Financial Assistance After a Car Accident
One of the best ways to get financial assistance after a car accident is through pre-settlement funding.
Pre-settlement funding provides cash that is given before you win your lawsuit, allowing you to pay for necessary bills, like food and rent.
In some cases, it can also be used for medical expenses such as doctor visits and prescription drugs. You must understand the pros and cons of different payment plans when deciding which one is right for you.
The best way to figure out which type of plan is right for you is by reading all the information before making any commitments so that you will be fully informed if anything changes while working with your car accident lawyer.
Car Accident Pre-settlement Loans Benefits
Getting pre-settlement loans after a car accident can give you financial assistance while the injury is still healing.
In addition, they can help you while you await your settlement of damages so that you don’t have to handle any unexpected expenses with your own money.
Furthermore, some individuals may not be eligible for traditional credit lines because of poor credit history or lack of collateral.
The endless benefits could be the key to securing your future financially after an unfortunate car accident.
Can I Take Financial Assistance After Car Accident?
Yes, you can, if you are injured in a car accident where there is no fault of yours.
If you’ve been in an accident, you likely have some financial concerns about how you will pay your bills and get the car fixed, especially if you don’t have car insurance.
While it may seem like things are dire, there are a few options available to you to help ease the financial burden of this unfortunate event and potentially save on car insurance rates in the future.
Take financial assistance after a car accident from ECO Pre-settlement that may be able to help you continue your life without too much disruption to your regular routine.