When you have been seriously injured in a car crash, you may be anxious to recover the compensation you need to cover your costs and escape financial ruin. Unfortunately, many car accident victims are unaware that it can take months or longer for their car accident cases to move through the insurance claims and civil lawsuit processes.
Fortunately, when you have access to an advance on a car accident settlement, you do not need to continue to struggle. Silver Dollar Financial loan specialists could authorize pre-settlement legal funding you need to cover your costs while waiting for your attorney to recover the compensation you deserve.
What Happens After a Car Accident
One of the top concerns reported by car accident victims is worry regarding how they will cover their expenses while they wait for the insurance company to write them a settlement check or recover compensation through a trial verdict.
After all, the financial trauma that comes with a car crash is undeniable and can have a lasting impact on victims’ lives for years to come. Unfortunately, it could take several months or even years before you are repaid for your losses.
Not only will you need to get an attorney on your side who can prove liability in negligence, but insurance negotiations and going to trial could further prolong the outcome of your case. However, going through these motions is imperative if you hope to get your costs covered by the liable party.
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How the Car Accident Claims Process Works
Although the claims process can take longer than anticipated, once you better understand how car accident claims are handled, you will have the insight to plan ahead by accessing a pre-settlement car accident loan. After all, there is no reason why you should continue to struggle financially if your attorney anticipates a settlement payout.
Conducting an Investigation
Immediately after your car accident, one of your lawyer’s most important tasks will be conducting a thorough investigation into how the car crash occurred. Car accidents can be caused by the following:
- Driver negligence
- Dangerous road conditions
- Defective and malfunctioning motor vehicle parts
- Inclement weather
Once your attorney understands what caused your collision, they will better understand who is responsible. Throughout their investigation, they will gather compelling evidence that can be used to prove the defendant’s negligence and liability. Examples of such evidence could include:
- Photos of the car accident scene
- Video surveillance from nearby homes, traffic cameras, dash cams, nearby businesses, and personal video recordings
- Reports from accident reconstructionists
- Crash and police reports
- Copies of your medical records
- Testimony from witnesses and bystanders
- Expert testimony
- Analysis of forensic evidence
Your lawyer cannot proceed with your claim against the liable party until they have not only determined who is to blame but gathered the evidence you need to prove liability based on a preponderance of the evidence. This means your lawyer must gather sufficient evidence to convince the jury the defendant is more likely than not responsible for causing your injuries or car accident damages.
Next, you can expect your car accident attorney to review how your life has been affected by your car accident damages. Certain types of losses are easily quantified, such as medical bills, lost income, and vehicle repair costs. These are commonly referred to as economic or special damages.
Alternatively, non-economic or general damages do not have a fixed value and are, therefore, more challenging to quantify. This might include pain and suffering, emotional trauma, diminished quality of life, and loss of consortium, for example.
There are some types of losses you might not even be aware of that could be recovered in your car accident claim. Your attorney will need to review these damages at length, which could mean it takes longer to recover the compensation you deserve.
Negotiating with Insurance Companies
One of the most challenging elements of the car accident claims process is negotiating with the insurance company. Suppose the insurance policy you are filing a claim against has sufficient coverage to meet your needs. If the insurance company does not give you any pushback when you file your claim, it is possible your car accident insurance settlement could be resolved quickly.
However, it is common for insurance companies to delay the processing of claims, blame victims for causing their injuries, and make insultingly low settlement offers, which require additional negotiations. Your attorney will take on the insurance company on your behalf. However, when the insurance company pushes back, it will almost certainly delay your payout.
Filing a Car Accident Lawsuit
If your car accident claim needs to go to trial, you can expect your settlement to be further delayed. Once your civil lawsuit is filed, your lawyer must review the evidence the liable party plans to present at trial. This is known as discovery.
Your lawyer must wait for a court date, handle any pretrial motions, and be prepared to represent you and your right to maximum compensation before a judge and jury. While the trial itself should not last more than a week or so, your car accident lawsuit could take several months or longer from start to finish.
How to Escape Financial Instability within Hours
Although it may be disheartening to hear that it could be longer than you were hoping for your car accident settlement to come in, there is no reason why you should not be able to take that control of your life now.
If you are at least 18 and working with a car accident attorney on your case, you may qualify for pre-settlement legal funding. Here, you can get a cash advance on your anticipated car accident settlement.
That way, you can get your most essential costs covered and continue to provide for yourself and your family through these difficult times. Then, when your lawyer wins your case, you can repay your car accident loan.
Get Help from Loan Specialists at Silver Dollar Financial Today
The impact your car accident and subsequent injuries will have on your life is undeniable. However, you can take control of your financial freedom and get your costs covered now when you access the car accident legal funding you need when you need it most.
To learn more about how much you could be authorized and whether you meet our eligibility requirements, contact our team of loan specialists at Silver Dollar Financial. You can fill out our quick contact form, call our office, or get started immediately by submitting our confidential application today.