Victims of hit and run accidents are often in need of pre-settlement funding to hold them over until the liable party and ultimate settlement are sorted out.
LOS ANGELES, May 31, 2018 (Newswire.com) - The story appears almost every night on the evening news—a driver runs into another vehicle and flees the scene. According to Rockpoint Legal Funding, the injured party and family are often left with large medical and vehicle repair bills with no means to pay them.
Background. Hit and run accidents are a specialized form of personal injury. Because it is clear that the victim (plaintiff) is not at fault for the accident, the issue becomes more of a matter of identifying the individual who caused the accident and determining the responsible party for compensating the victim.
Identifying the Defendant. Leaving the scene of an accident is considered a criminal act and the police often seek to locate the perpetrator. Witnesses can come forward who can identify the defendant or the defendant's vehicle. Or, there could be surveillance footage that captures the incident. Sometimes, the defendant can even have a change of heart and turn him or herself in.
If the hit-and-run driver is caught and insured, the plaintiff can collect damages from the defendant's insurance company.
When the defendant cannot be identified, the plaintiff is unable to file a claim against a specific person and his or her insurer. In these cases, injured parties with uninsured motorist coverage can file an uninsured motorist claim under their own policy to collect for damages caused by uninsured or underinsured drivers. Hit and run accidents are covered by most of these policies.
"Unfortunately, even in the best-case scenario of when the perpetrator is apprehended quickly and insured, the wheels of justice turn slowly," says Rockpoint Legal Funding President Ramtin Ghaneeian. "That is why victims of hit and run accidents are often in need of pre-settlement funding to hold them over until the liable party and ultimate settlement are sorted out. With pre-settlement funding, your clients have the funds they need to pay their bills and daily living expenses."
Rockpoint Legal Funding uses simple online applications so clients can receive their funds within 24 hours or less. At Rockpoint, all terms and costs are explained up front so your clients are comfortable with the transaction during settlement negotiations and upon case completion.
Source: Rockpoint Legal Funding