How To Pay For The Personal Injury Help You Need
If you are hoping to be paid after a car accident, you might want to consider using a legal contingency fee plan. This plan benefits victims in several ways so read on to find out more.
Don't Try to Do It Yourself
It can be tempting to forgo the lawyer and work with the insurer yourself. However, many accident victims and their loved ones have no idea how to deal with the insurer so that they get what they deserve. Some victims get taken advantage of by the insurer as they try to get paid for their medical expenses, vehicle repairs, lost wages, and more. While many victims are also in financial straights after an accident, that is no reason to leave a lawyer out of things.
What Are Contingency Plans?
For victims, a contingency plan agreement means they don't have to worry about how to pay their personal injury lawyers. They can meet with a lawyer (usually at no cost for the consultation) and then the lawyer can begin working on their case with no money changing hands.
With this sort of agreement, your lawyer gets paid but only if you accept a settlement. Then, the money is automatically paid to your lawyer after you agree to a settlement. The amount they are paid is based on a certain percentage of your settlement. The percentage varies and contingency fee percentages can be negotiated.
Benefits of Contingency Fee Plans
Many victims would be unable to afford quality legal help without a contingency fee arrangement. Consider these additional benefits:
- Victims who don't have the money for a retainer can proceed with the case. Waiting too long to take action can result in evidence being lost. Those who end up waiting too long can also run up against their state's statute of limitations.
- The value of your case is a key factor in contingency fee plans. Cases that don't have the right elements are not good candidates for this way of paying legal bills. If your lawyer believes you have a good case that can result in an adequate monetary award, you will be offered a contingency fee plan.
- Even though all lawyers work hard for their clients, contingency fee plans offer an extra incentive to be compensated because the lawyer is being paid a portion of the settlement. The more money you are paid, the more the lawyer is also paid.
Find out more by speaking to a personal injury lawyer.
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