A man was driving his Suburban when he was sideswiped by a pick-up truck. As a result, he sustained a cervical herniated disc and a lumbar herniated disc requiring surgery, injections, and physical therapy. A year after the accident, he underwent a two-level cervical fusion. While retaining some limited mobility, the plaintiff will continue to have a long road to recovery. Several activities that were once taken for granted have become a chore to accomplish, or even out of the question. He has needed continuous medical treatments that may last for years to come.
Less than 1 ½ years after the auto accident occurred, the lawsuit went to trial. The insurance company for the driver of the pick-up truck did not extend an immediate settlement offer, but on the first day after the jury was selected they extended an offer to settle at $350,000. This is what insurance companies do; they delay for as long as possible and when the know the attorney is serious and the case is solid, they make an offer. In this case, the plaintiff, wisely, declined the offer. Why do I say “wisely”? Because the trial took four days and the jury awarded $734,000, almost twice the amount the insurance company offered. The $350,000 might have been acceptable had the insurance company offered it without putting the plaintiff through the hassle and cost of preparing for and beginning a trial.
Unlike most cases, this one did not take years to come to trial. Assuming the award is paid, plaintiff’s immediate financial issues are resolved. However, this man is only 1/2 year post surgery. What if he experiences complications? What if he needs future surgery? What if he has a re-occurrence? This verdict may be too little, too soon. Is this a fair settlement for his past and future medical expenses, physical impairment, past and future loss of wages, and past and future pain and suffering? Time will tell.
The vast majority of personal injury cases take longer than this one did. Insurance companies are notorious for their “delay, deny, confuse and refuse” strategy. They attempt to prolong proceedings to cause economic hardship to the plaintiff. Why? Because a desperate plaintiff will settle the case too early, for too little, to resolve their serious economic problems. If you are losing your house or you can’t pay your rent, maybe your case becomes less important. The truth is that both are important.
The perfect solution for someone who has a valuable case and is considering settling too soon, for too little compensation is for that plaintiff to contact a lawsuit funding company right away. Legal finance services are available to help an injured person or loved one pay important bills and expenses, while waiting for a fair resolution of his/her case. With the financial pressure removed, there is no need to resolve any case for less than the full value of your injuries. The application process is quick and easy; with our company, Lawsuit Financial, for instance, the process can take as little as 24 – 48 hours. There are no fees to apply, no credit check, no job requirement, no payments to make. And, if you lose the case, you keep the money free of charge. What bank makes that kind of offer? This is, truly, no risk litigation funding.
Pre-settlement funding is not for everyone, but in many cases, it provides a strategic advantage for the victim because it gives them leverage against the insurance company; it prevents the plaintiff from being forced to take inadequate offers from greedy carriers . Don’t settle for pennies on the dollar; get lawsuit funding and a fair and just equitable award or settlement.