Accidents that happen at construction sites can often be devastating. The nature of construction sites often means catastrophic injuries. From defective machinery and equipment failure to slips and falls, there are many ways workers can get injured while working. Most of the jobs at a construction site require a certain amount of physical activity. This means that any injury can put you out of work temporarily or even permanently. If you have been injured, you may be seeking compensation for your lost wages, medical bills and mental and emotional stress.
Lawsuit Loans For Third-Party Construction Accident Cases
When you are out of work due to a catastrophic injury, you may be wondering how you will be able to take care of your finances in the meantime. When you have financial obligations or a family to take care of, the stress can add up. This is where obtaining a lawsuit loan for your case and settlement can come in handy. A lawsuit loan is a type of cash advance you may obtain before your case is settled. When it comes to construction accident cases, it is best to work with a lending company that specializes in construction cases.
How Much Is Your Accident Case Worth?
When it comes to construction accident cases, there is no standard type of case. Similar to most types of accidents, the value of a case will depend on a variety of things including who is responsible for causing the accident, the extent of the plaintiff’s injuries and how far your case has progressed when you apply for the funds. A benefit of construction accident cases is that they usually are against big insurance companies, have well-documented policies and multiple attorneys prepared to adequately handle them.
The value of any third-party construction accident case can range from thousands to millions in compensation. Based on the factors listed above, the amount you may qualify for will depend on the value of your case in particular.
How Long Do Third-Party Construction Cases Last?
When it comes to any type of lawsuit, the insurance companies typically have the upper hand because of their deep pockets. Unfortunately, many plaintiffs in accident cases lose time from work and risk losing their jobs because of the injuries they sustained. The defendants benefit from prolonging a case. The longer a case takes to complete, the more stress and bills that pile up for a plaintiff. This could end up causing a plaintiff to settle quickly and for much less than they deserve in compensation. One option plaintiffs in this scenario should consider is applying for a lawsuit loan to get them through financially until the case has settled.
Approval Tips For Construction Accident Case Lawsuit Loans
Getting approved for your lawsuit can be easy when you follow some of the tips below. Lawsuit loans for accident cases are becoming more and more common.
•Need to be at least 18 years old when applying.
•In order to be approved for your lawsuit loan, you should have an accident attorney handling your case. Lenders want some type of assurance that your case has a good chance of reaching a settlement.
•Proof of your injuries is necessary to apply for a lawsuit loan. In most cases, the lender will obtain this information from your lawyer.
Most lenders allow their applicants to apply online for a lawsuit loan. Once you send all of the required information to the underwriter, they can typically determine right away if your construction accident case is suitable for obtaining pre-settlement funding. Once you are approved, you can expect to get your money right away. As with any lawsuit loan funds, you are able to use the money for anything you want with no restrictions.