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The purpose of insurance is to ensure you have a safety net in the event of injure or loss. We pay our premiums and assume that if, and when we need it, the insurance company will pay the claim. What happens if you are seriously injured in an auto accident or lost a loved one due to the negligence of someone else? What happens if the wrongdoer is uninsured or underinsured? If you have a policy with uninsured or underinsured coverage, you are entitled to compensation from your own insurance company, up to your coverage limit. What happens when the insurance company, the one who has received and cashed your premium checks, for years refuses to negotiate or settle a claim? When an insurance company deliberately delays, deliberately defends, and deliberately denies paying claims, the victim has no recourse but to file a lawsuit. This type of frivolous defense not only bogs down our civil justice system, but often times leaves the innocent victim financially strapped for cash. This is why litigation funding companies were created.

I recently read an article that highlights the extent insurance companies will go to avoid paying claims and why lawsuit funding is important to injured victims and their families. In this case, a 24-year-old woman died when the driver of a SUV ran a red light hitting the woman’s vehicle and pushing it into a telephone pole. The driver of the SUV was insured for $25,000 through Nationwide Insurance; the woman had a $100,000 policy with Progressive that included uninsured/underinsured motorist coverage. Nationwide Insurance paid the claim almost immediately, but the driver was underinsured. Because the victim had an uninsured/underinsured policy, Progressive was on the hook for the difference, but in keeping with the greedy tactics of most insurance companies, Progressive refused to pay. The only recourse the victim’s family had was to file a lawsuit against Progressive, but Maryland law states that you cannot sue an insurance company when they refuse pay. The only way the victim’s family could force Progressive to pay the policy was to sue the defendant in order to establish his negligence despite the fact that Nationwide had already paid the claim. At trial, Progressive attempted to prove that the woman, the person who paid them premiums for years, was at fault. Why? Under Maryland law, in order to receive benefits of an underinsured driver claim, the other driver must be at fault. Fortunately, the jury saw this despicable tactic and awarded in favor of the plaintiff.

This fatal auto accident occurred two years ago. This case would have been settled shortly thereafter and this family could have begun to move on with their lives, if Progressive did what it was suppose to do. Instead, this family was forced to protect their rights by an insurance company who refused to honor its own insurance policy. Unlike insurance companies, legal funding companies don’t penalize its customers for using its services exactly the way it is intended. When corporate greed leads to lawsuit abuse; when innocent victims need to fight for their rights, lawsuit funding is there to help.

A legal finance company helps people “bridge” the gap between when an accident occurs and when the plaintiff receives a payout in connection with his or her case. The cash advance can be used to pay for medical bills, funeral expenses, and other related expenses arising from a serious injury or wrongful death accident, or regular bills and expenses – mortgage, rent, car payments – that fall behind as a consequence of such an accident. Qualifying for a lawsuit cash advance is based solely on the merits of the case; applicants do not need to be employed, there are no upfront or hidden fees and there are no monthly payments. Best of all, the cash advance is only paid back if, and when, you settle your case. With lawsuit funding, you get the immediate cash you need, your attorney gets the time he/she needs, and in the end, everyone wins, except the insurance company.

If you have filed a personal injury or wrongful death lawsuit and need fast cash, to survive the litigation process and get the get the best results in your case, consult a legal funding expert.

Mark Bello has thirty-five years experience as a trial lawyer and thirteen years as an underwriter and situational analyst in the lawsuit funding industry. He is the owner and founder of Lawsuit Financial Corporation which helps provide legal finance cash flow solutions and consulting when necessities of life litigation funding is needed by a plaintiff involved in pending, personal injury, litigation. Bello is a Justice Pac member of the American Association for Justice, Sustaining and Justice Pac member of the Michigan Association for Justice, Member of Public Justice and Public Citizen, Business Associate of the Florida, Mississippi, Connecticut, Texas, and Tennessee Associations for Justice, and Consumers Attorneys of California, member of the American Bar Association, the State Bar of Michigan and the Injury Board.

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