Burn injuries are one of the most painful and debilitating injuries you can face. Whether you received burns in a fire or from a chemical mishap, you have legal recourse through a lawsuit to cover mounting medical bills and pain and suffering.
However, it might take a while for the lawsuit to make its way through the courts. You need money now to pay medical bills and other essentials. A burn injury lawsuit loan can get you those funds.
How Long Does It Take to Settle a Burn Injury Lawsuit?
In the days following your burn injury, the insurance company probably offered you a quick settlement. However, it isn’t enough to cover your medical bills and adequate pain and suffering.
You begin to realize that you might need an attorney on your side to get you the compensation you deserve. This process can take longer than you first thought. Exactly how long it takes depends on a variety of factors.
Part of the reason an insurance company hopes to settle quickly is that, during the recovery process, you learn the full extent of your injuries. A burn injury is one of the most painful types of injuries. They can also cause loss of mobility, flexibility, and limbs.
You need to be well on the road to recovering before accepting any type of settlement. The true extent of your injuries and the care you might need for them over a lifetime can influence the final settlement amount.
Stall Tactics Insurance Companies Use
Many insurance companies understand that as long as there isn’t a settlement, you’re facing down a pile of bills, and sometimes, you’re unable to work. They may use a stalling tactic to force you to accept a low settlement amount. This won’t reflect the compensation you deserve for the burn injuries you sustained.
Negotiations Take Time
The reality is that the insurance company wants to pay you as little as possible while you want them to pay as much as possible. This can lead to a lot of back and forth with offers for settlement.
To reach a settlement, you might spend days, weeks, or months negotiating. You might not ever be able to reach a settlement, and this forces the settlement of your burn injury compensation into court.
Going to Court Delays a Settlement
If you can’t reach a settlement for the compensation you deserve through negotiation, you’ll need to go to court. You might need to go through depositions, and there is a variety of ways the insurance company can stall.
Once you get a court day, the case can take a few days or a week or longer, depending on the complexity of your case. You’ll need to wait on a verdict before you actually receive your settlement funds. The final amount is determined by a judge or jury.
A Burn Injury Lawsuit Loan Can Provide You with Relief
A burn injury lawsuit loan provides you with the time you need to wait for a reasonable settlement for compensation for your injuries. You can use the funds to pay medical bills, day-to-day expenses, and more.
Relieve Stress and the Pressure to Settle
With a pre-settlement loan, you can alleviate the stress of finances that might lead you to settle for less than the compensation you deserve for your burn injuries. You can relieve the pressure of needing funds, so you can fairly negotiate a settlement.
One of the reasons insurance companies employ stalling tactics is because they believe the financial stress will lead you to settle for a lower number. A lawsuit loan helps to put you in a better negotiating position.
Cover Your Medical Bills
A burn injury can generate a mountain of medical bills. There’s the initial emergency room visit and hospital along with months of physical therapy. An insurance company might drag out a settlement for equitable compensation for your injuries to allow you to get buried under medical bills.
You want to pay these bills on time, so you can continue receiving treatment. A burn injury lawsuit loan provides you with the means to pay your medical bills on time. This can also ensure that you don’t end up with bills in collections and a stain on your credit report.
Take Care of Household Expenses
A burn injury can leave you unable to work for days, weeks, months, or years. However, your typical household expenses don’t stop because your income did. With a burn injury lawsuit loan, you can use the funds in any way that you need to use them.
When you relieve the stress of not being able to meet your regular expenses, you can focus on your recovery. It also provides you with a shield against the stalling tactics used by insurance companies to try a force a lower settlement than you deserve for your injuries.
Improve Your Quality of Life
Your burn injuries might leave you unable to do the same work as you did before the accident. You might need to seek employment in an entirely new industry. To do this, a new college degree or certification from a trade school might need to be secured.
In some cases of severe burn injuries, you may need to make changes to your home or buy a new vehicle to accommodate your injuries and speed your recovery. Funds from a lawsuit loan make it possible for life to go on as you wait for a settlement.
Reach Out to Silver Dollar Financial Today
Insurance companies believe that they have time on their side and use it to try to force you to accept a lower settlement figure. With Silver Dollar Financial, we can help you with a burn injury lawsuit loan to help you even the playing field and get the just compensation you deserve for your burn injuries.