In these modern times, a man has to pay money for every thing even if he wants to seek justice for the wrong being done to him. The legal proceedings have never been easier to pursue and they are both time consuming and money consuming. There is a general perception regarding the personal injury claims that they are very expansive to file as they can result in lengthy legal proceeding, consequently more money to keep them going.
But for the surprise, it is not a fact. It is true that the claimant has to pay the court fees and the lawyer’s fee but to the relief of the common person, it has got some legal aids as well. Now, a claimant with a financial restraint can claim for the compensation.
The most commonly used, a type of legal fund is no win no fee basis claims. There are many personal injury lawyers who offer to fight the personal injury cases on the basis of no win no fee. Those claimants under a financial pressure where they can not support their case but have strong cases against the responsible ones and have greater chances of winning can make use of this facility. It is to be kept in mind that not all the types of personal injury cases fall in this category.
Usually the road accidents are the ones or the workplace injuries that are being offered to be claimed for the compensation on this ground. Here, the claimant is not to pay even a penny whether the claim is won or lost. In case of winning, the third party insurers pay the lawyer’s fee and in case of losing, the victims insurers pay the fee.
The other type of legal fund is lawsuit funding. It is a kind of loan that is being lent by the law companies to the needy ones. The specialty of this loan is that it is to be paid back only in case if the claimant manages to win the claim. It is specifically designed for those claimants who have filed their cases in the courts and have strong chances of winning but they are made to accept the low settlement offers by the third party insurers.
They are made to do so because they run short of money during the course of the claims and can not keep the case going for a long period of time. The responsible and the guilty party tend to make use of the situation and offer a lesser amount to be accepted by the claimant. So, this loan is being lent to such claimants to keep their cases going on and they have to pay back only if they win their claims.
On the whole, it can be concluded that the common man with a financial restraint can manage to file a personal injury claim and can be successful in winning it by paying even a single penny.
The contents of the article are provided for informational and educational purposes only and are not intended for a legal advice.