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How to be Approved for Lawsuit Funding
When you look for a lawsuit advance on the present lawsuit that you have, it is necessary that you have the approval decision from underwriting. It is your goal to be approved. It is the aim of this article to provide you, as the plaintiff, some help as well as advice to get your personal injury case approved.
What you should do first so that you will be approved for funding is that you must have the requested paperwork regarding your case. Cases where the client is proactive in helping the gathering of those necessary paperwork get a lot higher probability of approval. You must remember that you are the client and you have this case. You should have every right to request for documents on the case file from the attorney.
Due to this, here are a few things that the underwriters must review on the personal injury cases. The documents are going to include the witness statements, the incident report, police report, accident report, medical records which are relevant to the accident and those subsequent treatments undergone, the lawsuit copy, insurance coverage, settlement offers, pay-off information and the settlement demands.
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You have to know that police reports are quite important since they are going to detail the independent party the documents where there is an accident that happened. They would include various information such as the parties involved and if someone got issued with a ticket or got arrested or was anyone under the influence of drugs or alcohol. Also, police reports are going to indicate if the injured parties were taken to the ER and if an ambulance was used. The police reports can at times state who was at fault and such can be very important when it comes to getting to know the liability of the case.
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The medical records are also very critical too because they may go a long way to know the injuries’ severity. You have to keep in mind that the injuries’ severity is proportional to the lawsuit’s value. When there are more injuries, then the more that the case will settle for a much bigger dollar amount. If injuries are actually more severe, then you can get approved for a much bigger dollar amount.
Personal injury cases in which the victim had to get surgery are almost always worth more than those cases where the injury didn’t demand surgery. It is a lot harder for the attorney of the defendant to attack a particular injury claim which required surgery. However, it is much easier for the defendant’s attorney to attack the injury that didn’t require surgery and to claim that the plaintiff is only faking the injury.
You need to speak with the attorney from the start. You must also communicate the financial needs that you have and also your interest when it comes to pursuing the lawsuit advance.