The average spinal cord injury settlement varies. What you receive in damages depends on the severity of your injury and other factors. No matter how much money you request, you may be eligible for a spinal cord injury lawsuit loan.
At Silver Dollar Financial, we hold fast to the values of responsibility, respect, and empowerment since they separate us from predatory lending businesses. We want to help you and others who may be dealing with financial challenges as they pursue damages due to a spinal cord injury. For more information about our legal loans, reach out to us.
Spinal Cord Injury Cost
According to the Christopher & Dana Reeve Foundation, the average annual costs of spinal cord injuries may vary based on education, neurological impairment, and pre-injury employment history. In the first year after an injury to the spinal cord, these costs typically range from $347,484 to over $1 million. For each year afterward, they generally run anywhere from $42,206 to $184,891.
The estimated lifetime costs of a spinal cord injury can be significant. The Christopher & Dana Reeve Foundation estimates the costs of an injury to the spinal cord for an individual who is 25 years old may fall between approximately $1.6 million and $4.7 million. For someone who is coping with this type of injury at age 50, the costs may range from roughly $1.1 million to $2.6 million.
You cannot change the fact that you suffered a spinal cord injury due to someone else’s negligence. However, thanks to Silver Dollar Financial, you may be able to pursue legal funding to help cover the costs of treating your injury. To learn more, get in touch with us.
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How Much a Spinal Injury Case Is Worth
To calculate the direct cost of a spinal cord injury, it may be beneficial to consult with a doctor. This allows you to receive medical care and support to treat your injury. Your doctor can explain what treatments may help you recover from your injury and the costs associated with them.
In addition to your medical expenses, you may want to consider pain and suffering losses. Dealing with an injury to your spinal cord can be physically, mentally, and emotionally draining. You may be able to pursue non-economic damages for subjective losses relating to your injury.
Along with these damages, you may request compensation for lost wages and other harm you incur. Partnering with a personal injury lawyer may be a great first step to figuring out your losses. Your attorney may encourage you to ask for economic and non-economic compensation from anyone who caused your injury to happen.
What to Do if You Are Dealing with a Spinal Cord Injury
If you suffer an injury to your spinal cord due to someone else’s negligence, it may be a good idea to seek legal help. You can connect with a lawyer to help you with your injury claim. They can help you file a claim in accordance with the statute of limitations in your home state.
You may have only a limited amount of time to pursue compensation from anyone responsible for your injury. With help from your lawyer, you can file a claim before your window to do so lapses. Otherwise, if you wait too long to submit your claim, you may be solely responsible for all of the costs relating to your injury.
If you are worried about how you will pay your medical bills and other expenses while you seek damages, help is available. There are many types of funding offered to plaintiffs in injury cases. Your lawyer may help you submit a request for funding contingent on your projected settlement.
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How to Maximize Your Damages in a Spinal Cord Injury Case
You may be wondering how long it takes to settle a lawsuit. Even if you hire a lawyer to represent you, there is no telling how much time will be needed to resolve your injury case. Fortunately, there are many things you can do to put yourself in the best position to secure the damages you want as quickly as possible.
Together, you and your lawyer can build a body of evidence that shows you are in no way responsible for your injury. Police reports, medical records, and other forms of proof may be used to support your claim. Each piece of evidence you collect may strengthen your case to the point where the defendant is inclined to offer a fair settlement.
Also, you may want to let your attorney handle settlement negotiations with an at-fault party or their insurance company. There are times when the liable party or insurer in an injury case may pressure the plaintiff to accept responsibility for an accident or injury. Rather than risk saying something on the record, it may be best to let your attorney speak about your case on your behalf and negotiate a settlement for you.
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How a Spinal Cord Injury Claim Gets Settled
You may seek damages for your injury through an insurance claim. For example, a motorist may slam their car into yours, leaving you with an injury. You may notify your auto insurance company about the accident, and it may work with the at-fault driver’s insurer to help you get compensation.
Just because you submit an insurance claim does not guarantee you will receive the damages you want. An at-fault party’s insurer company may deny your claim or make a lowball settlement offer. In either of these situations and many others, you may need to partner with a personal injury lawyer who can help you secure the maximum amount of damages.
Your lawyer can negotiate a settlement that lines up with your expectations. If no settlement agreement is reached, you may have to bring your case to trial. Regardless of how long it takes to settle your case, you may be able to request a tractor-trailer lawsuit loan and other forms of legal funding to help you cover your expenses during your litigation.
Request a Lawsuit Loan
You may be able to get legal funding in as little as 24 hours. At Silver Dollar Financial, we make it easy to request a lawsuit loan that gives you money you can use for the duration of your personal injury case. To find out more, contact us today.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding