So, the insurance company will use this to its advantage and typically withhold settlement and/or resolution unless it is in their own best interest to resolve the case or until a judge or jury force them to pay. Even if the lawsuit is filed early, there is no guarantee of a quick settlement or trial. In the meantime, injured and under-financed plaintiffs grow more and more desperate for a resolution. Through pre-settlement lawsuit funding though, plaintiffs now have the luxury of waiting out the litigation process without giving in to the financial pressure to take early, inadequate offers from the greedy insurance company.
Litigation funding is cash paid by a legal finance company to personal injury litigants in advance of their expected settlement or jury verdict. It is calculated by the likelihood of success, the potential case value, and the time it will take for the case to conclude. The purpose of pre-settlement funding is to prevent financial desperation causing a plaintiff to settle a valuable case too soon, for too little compensation. The basic principal behind lawsuit funding is to increase case revenue by giving a plaintiff control over the negotiation process; a lawsuit cash advance allows the plaintiff to control what offers are acceptable.
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Don't let the insurance company take advantage of you; don't settle your valuable case for pennies on the dollar. Turn to an experienced legal finance company instead. With financial concerns taken care of, you can concentrate on the case and obtaining justice and fair compensation.