Iowa Legal Funding
Quick Pre-Settlement Loans in Iowa
Are you a resident of Iowa with a pending personal injury lawsuit?
Getting caught up in a surprise legal battle could leave you facing financial difficulty. At Nova Legal Funding, we offer pre-settlement funding for Iowa citizens with a pending personal injury lawsuit.
The majority of people facing personal injury lawsuits in Iowa will need financial assistance for the duration of their case, especially if time off work is needed to recover. Personal injury lawsuits are often lengthy, taking up most of an average income and leaving plaintiffs struggling to afford mortgage payments, rent, food bills and other living expenses. Many insurance companies intentionally prolong the process for as long as possible to encourage plaintiffs to accept a lower fee than they’re entitled to.
Here at Nova Legal Funding, we can help you overcome the financial issues faced during a personal injury lawsuit. We provide pre-settlement cash advances within 24 hours of application approval. We work on a no win no fee basis, meaning you only need to pay anything back if you win a settlement on your case. Get in touch with our team at any point during your lawsuit for a fast pre-settlement financial support.
Iowa Pre-Settlement Funding Requirements
Applying for pre-settlement funding in the state of Iowa is simple. You only need your name, phone number, and the contact information for your attorney.
- No Credit Necessary – Your credit history will not be inspected by a Nova Legal Funding specialist.
- Hassle-Free Application – The bulk of your application process will take place between Nova Legal Funding and your attorney.
- Risk-Free Cash – You are only required to pay back the funds if you win a settlement. If you lose the lawsuit, you will owe nothing to Nova Legal Funding.
Laws and Regulations of Lawsuit Funding in Iowa
Important Iowa Legal Information
|Avg. Funding per case from Nova Legal Funding||$12,009
Nova can fund anywhere from $500 up to $2,500,000 depending on case value
|Fault Laws||Modified Comparative
Fault – 51% Bar
Plaintiff’s negligence will offset defendant’s liability, but plaintiff cannot recover if he is more than 50% at fault. I.C.A. § 668.3(1)(b).
|Statute of Limitations||2 years Chapter 614, Section 614.1|
|Minimum policy limits for bodily injury & property damage||$20,000 bodily injury liability per person
$40,000 bodily injury liability per accident
$15,000 property damage liability per accident
|Minimum UIM auto insurance limits||Liability: 20/40/15|
|Workers compensation eligibility||Eligible|
The Iowa Workers’ Compensation law requires employers to pay for any wage loss and medical benefits to employees who suffer an injury while working. Employers must also pay for necessary medical treatment for injuries, including travel to and from the medical provider. However, a plaintiff may still find that this isn’t enough to cover a lawsuit, and will require additional support in the form of pre-settlement funding.
You will be ineligible for financial support from Nova Legal Funding if you have already applied for a loan elsewhere for the same case.
Iowa Personal Injury Law: How Does it Affect Legal Funding?
Iowa’s judicial system works under a comparative fault rule, which means that if you are found to share fault by a judge or jury, the amount of compensation owed could be affected. If you, as a plaintiff, are less than 50% at fault in the accident, you will be able to recover some money in damages from the parties at fault. However, if the court rules that you are 50% or more at fault, you will be barred from collecting any money.
Under Iowa’s statute of limitations, as a claimant, you have two years to bring your case to court after sustaining an injury. This two-year countdown typically would start on the date of the event causing the injury. However, in rare cases, symptoms may not appear until much later, so the limit could start from the date of discovering your injuries. If you don’t have sufficient evidence to prove that the symptoms appeared at a later date, and fail to file a claim within the two years, there is a very high chance the courts will refuse to hear your case.
Iowa is a “fault” or “at-fault” state regarding car insurance and accidents. This states that in the event of an accident, you have the choice to file a case in court to prove fault and seek compensation, or you can file an insurance claim with either your own insurer or the other driver’s policy.
In some states, there is a cap on the amount you could be owed in damages. A few will cap non-economic, or “pain and suffering” damages, while some cap damages in specific personal injury cases, like medical malpractice. Iowa currently has no cap on economic or non-economic damages for personal injury cases.
Notable Personal Injury Lawyers in Iowa
There are a number of skilled personal injury lawyers in Iowa who would be glad to take on your case:
Walker, Billingsley & Bair
2545 E. Euclid Ave, Ste. 120, Des Moines, IA 50317
425 2nd St SE #1140, Cedar Rapids, IA 52401
201 W 2nd St. Suite 801, Davenport, IA 52801
600 4th St, Suite 1011, Sioux City, IA 51101
Adam Pollack P.C.
1129 E. Washington St, Iowa City, IA 52245-4439
Jennifer L Chase
Ball, Kirk & Holm, 3324 Kimball Av, Waterloo, IA 50704
Car Accident and Fatality Statistics in Iowa
Statistics from the Iowa Department of Transportation show that over 300 people were killed in traffic accidents in the year 2018, showing a decrease in comparison to the previous year. The Iowa State Patrol is committed to preventing crashes, and more motorists are being caught when travelling at speed of over 100 mph or higher. Iowa is also at an all-time-high for seat-belt compliance.
Here at Nova Legal Funding, we offer pre-settlement funding for Iowa citizens caught up in a case to help ease any financial strain of suffering from a car accident. The most common cases that we cover are:
- Pedestrian accident
- Car accident
- Tractor trailer accident (truck accident)
- Bus accident
- Bicycle accident
- Motorcycle accident
Get in touch with our team at Nova Legal Funding today, and let us analyse your case for free to see how much lawsuit funding you could be eligible for.
How do I know if I qualify for lawsuit funding in Iowa?
If you’ve suffered a personal injury caused by another person or party, you automatically qualify for lawsuit funding. As a general rule to follow, if the accident occurred in Iowa and caused you significant injuries, you are eligible for a quick and free application.
Is it a lawsuit loan or a cash advance?
Often referred to as a loan, the funding is actually an advance against the eventual settlement you receive. It’s important to remember that this advance is considered non-recourse, which means you are not required to pay back the money in the event of a lost case. We only collect the loan if you win your case or obtain a settlement.
Does it matter how I spend the lawsuit funding?
Lawsuit funding is available to those who need financial support during a personal injury lawsuit. However, there is no limitation on how you spend the cash advance. Some plaintiffs in Iowa use the money to pay off previous debts, cover the cost of mortgage or rent, afford medical bills, or simply put towards general living expenses.
Apply For Pre-Settlement Funding in Iowa now
At Nova Legal Funding, we have the experience and skills to offer legal funding to your case in Iowa. Our team of professionals are available at any time to serve personal injury plaintiffs. Contact our team for a free evaluation of your case and to find out more about the benefits of a lawsuit loan in Iowa.