Are you looking for a lawsuit loan following your automobile accident? If so, we've provided the following information to assist you in obtaining settlement funding as quickly as possible.
A good broker will be happy to assist you in obtaining the settlement loan you seek. You may rest-assured that your broker will do everything to assist you in obtaining that funding as quickly as possible! The benefit, of course, of using a broker's services is that you will not be tied to just one single funding source.
However, to obtain that funding is soon as possible, it is necessary that you work very closely with your broker. To increase the speed at which you are able to obtain the lawsuit loan, it will be necessary for you to obtain certain documents that may be reviewed to assess both the strengths and weaknesses of your case and to make a determination as to what the settlement value of your case truly is.
Some brokers have a great deal of experience in handling the very type of case that you will submit in an effort to obtain a lawsuit loan. If you're careful in your selection of your broker, you may find a team that cannot be matched anywhere with respect to both experience and knowledge in handling such cases, as well as an ability to locate the best possible source of funding for your case.
If you're injury occurred as a result of an auto accident, it is very likely that your claim will be classified as an "Auto Accident" case. If you were injured in an auto accident and wish to obtain the most successful outcome and quickest response to your request for funding, it will be necessary for you to obtain and submit specific documents:
Police report: The police report is essential in identifying the parties that are responsible for the injury sustained. Your broker, upon reviewing the police report, will likely be able to identify not only the parties injured, but also the parties responsible for the injuries sustained. The police report will also identify information related to the insurance carrier, any observations recorded at the scene, as well as additional documentation. (In many police reports, no injuries will be reported. One should not be concerned regarding the absence of such reporting. It is important to recall that police officers are not trained in the evaluation and diagnosis of injuries that may occur as a result of auto accidents. It is often the case that police officers conclude that there are no injuries at the scene merely because no blood is observed, there is no evidence of broken bones, and the parties are able to exit their vehicles without assistance.)
Insurance information regarding adverse parties: In most cases, the individual who caused the injuries is referred to as an adverse party. To determine what party will be responsible for paying any judgment awarded, it will be necessary to clearly identify that adverse party.
Medical Expense Summary and Demand Letter: To obtain a settlement, it will be necessary for you to demonstrate damages. A Medical Expense Summary is an excellent vehicle by which you can, at least to some extent, convey that information. The Settlement Demand Letter is a document your attorney will prepare on your behalf. This Demand Letter will be submitted to the insurance company (i.e., party responsible for payment-a/k/a "payor") for review to allow the adverse party to determine whether some settlement will be offered or the claim will be denied. In the latter case, litigation is likely to ensue. The term "litigation" merely refers to the process of the case going either to court or administrative proceeding.
The Summary of Medical Expenses is a document that contains information such as the hospital/emergency room records, admission and discharge summaries, as well as any operative reports, and doctor's reports. When you file a claim, it is very important for you to clearly identify the foregoing information. If you fail to do so, it is very likely that your claim will be severely compromised.
Your insurance coverage: To be able to provide funding for your lawsuit loan, it is necessary for the broker to know what insurance coverage is available to you (e.g., health insurance, UM/UIM and, med-pay, P IP, etc.). Failure to disclose the information may also compromise your claim. In many cases, through a process called subrogation, insurance carriers may come back and demand repayment of any money paid to you during the course of litigation. Therefore, prior to lending money to the claimant, it is necessary to know what other sources of funding both have been provided and are available to that individual.
In the case of any prior loans/advances, your broker must be able to verify that those loans/advances have been repaid prior to considering any additional funding: To clearly make a determination as to whether your case qualifies for a lawsuit loan, it is important for you to be candid with your broker regarding any such loans/advances. If you work closely with your broker regarding this matter, it does not have to be an impediment to your success.
Remember, the quicker you get the necessary documents to your broker, the quicker they can determine whether your case qualifies for the lawsuit loan requested! The process is often simplified by providing a toll-free number to which both you and your attorney may submit the necessary documents. - 29904
A good broker will be happy to assist you in obtaining the settlement loan you seek. You may rest-assured that your broker will do everything to assist you in obtaining that funding as quickly as possible! The benefit, of course, of using a broker's services is that you will not be tied to just one single funding source.
However, to obtain that funding is soon as possible, it is necessary that you work very closely with your broker. To increase the speed at which you are able to obtain the lawsuit loan, it will be necessary for you to obtain certain documents that may be reviewed to assess both the strengths and weaknesses of your case and to make a determination as to what the settlement value of your case truly is.
Some brokers have a great deal of experience in handling the very type of case that you will submit in an effort to obtain a lawsuit loan. If you're careful in your selection of your broker, you may find a team that cannot be matched anywhere with respect to both experience and knowledge in handling such cases, as well as an ability to locate the best possible source of funding for your case.
If you're injury occurred as a result of an auto accident, it is very likely that your claim will be classified as an "Auto Accident" case. If you were injured in an auto accident and wish to obtain the most successful outcome and quickest response to your request for funding, it will be necessary for you to obtain and submit specific documents:
Police report: The police report is essential in identifying the parties that are responsible for the injury sustained. Your broker, upon reviewing the police report, will likely be able to identify not only the parties injured, but also the parties responsible for the injuries sustained. The police report will also identify information related to the insurance carrier, any observations recorded at the scene, as well as additional documentation. (In many police reports, no injuries will be reported. One should not be concerned regarding the absence of such reporting. It is important to recall that police officers are not trained in the evaluation and diagnosis of injuries that may occur as a result of auto accidents. It is often the case that police officers conclude that there are no injuries at the scene merely because no blood is observed, there is no evidence of broken bones, and the parties are able to exit their vehicles without assistance.)
Insurance information regarding adverse parties: In most cases, the individual who caused the injuries is referred to as an adverse party. To determine what party will be responsible for paying any judgment awarded, it will be necessary to clearly identify that adverse party.
Medical Expense Summary and Demand Letter: To obtain a settlement, it will be necessary for you to demonstrate damages. A Medical Expense Summary is an excellent vehicle by which you can, at least to some extent, convey that information. The Settlement Demand Letter is a document your attorney will prepare on your behalf. This Demand Letter will be submitted to the insurance company (i.e., party responsible for payment-a/k/a "payor") for review to allow the adverse party to determine whether some settlement will be offered or the claim will be denied. In the latter case, litigation is likely to ensue. The term "litigation" merely refers to the process of the case going either to court or administrative proceeding.
The Summary of Medical Expenses is a document that contains information such as the hospital/emergency room records, admission and discharge summaries, as well as any operative reports, and doctor's reports. When you file a claim, it is very important for you to clearly identify the foregoing information. If you fail to do so, it is very likely that your claim will be severely compromised.
Your insurance coverage: To be able to provide funding for your lawsuit loan, it is necessary for the broker to know what insurance coverage is available to you (e.g., health insurance, UM/UIM and, med-pay, P IP, etc.). Failure to disclose the information may also compromise your claim. In many cases, through a process called subrogation, insurance carriers may come back and demand repayment of any money paid to you during the course of litigation. Therefore, prior to lending money to the claimant, it is necessary to know what other sources of funding both have been provided and are available to that individual.
In the case of any prior loans/advances, your broker must be able to verify that those loans/advances have been repaid prior to considering any additional funding: To clearly make a determination as to whether your case qualifies for a lawsuit loan, it is important for you to be candid with your broker regarding any such loans/advances. If you work closely with your broker regarding this matter, it does not have to be an impediment to your success.
Remember, the quicker you get the necessary documents to your broker, the quicker they can determine whether your case qualifies for the lawsuit loan requested! The process is often simplified by providing a toll-free number to which both you and your attorney may submit the necessary documents. - 29904
About the Author:
Want to find out more about your lawsuit loan, then visit Dr. Tom Rhudy's site on how to choose the best lawsuit loans for your needs.
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