Are you a resident of Kentucky awaiting a personal injury lawsuit?
Such cases are often costly and time-consuming as you may be waiting months, or even years before receiving a payout. This can be particularly problematic if serious injuries have left you unable to work and with many medical bills to pay. Unfortunately, insurance companies will attempt to prolong the case in the hope that financial pressures will force you to settle for a lower claim than you deserve.
However, Nova Legal Funding is on hand to provide lawsuit cash advances in Kentucky to anyone engaged in a personal injury case. Our speedy pre-settlement funding can be transferred to clients within 24 hours, allowing plaintiffs a chance to ease the financial burden their lawsuit has wrought.
You can apply for financial support at any time during your case and with a no win no fee guarantee, there’s no financial risk involved when arranging a lawsuit loan in Kentucky with Nova Legal Funding.
Laws and Regulations of Lawsuit Funding in Kentucky
Important Kentucky Legal Information
|Avg. Funding per case from Nova Legal Funding||$13,930|
|Fault Laws||Pure Comparative Fault Plaintiff’s share of the fault will reduce the defendant’s liability. K.R.S. § 411.182.|
|Statute of Limitations||1-year Title 36, Chapter 413, Sec. 413.140|
|Minimum policy limits for bodily injury & property damage||$25,000 bodily injury liability per person $50,000 bodily injury liability per accident $25,000 property damage liability per accident $10,000 personal injury protection|
|Minimum UIM auto insurance limits||Liability: 25/50/10 (effective Jan. 1, 2018 25/50/25) PIP: $10,000|
|Workers compensation eligibility||Not Eligible|
Legal funding companies are free to provide pre-settlement funding in Louisiana, though the practice remains largely unregulated. In spite of this, reputable auto accident loan companies like Nova Legal Funding will follow basic best-practice disclosure guidelines when it comes to lawsuit funding contracts in Lousiana, prominently displaying rates, fees, and repayment terms.
However, legal funding companies in Louisiana are unable to offer loans on workers comp cases or soft tissue injury-only cases. Furthermore, a lien will be filed if plaintiffs have received any previous funding on their case. Hence, Nova Legal Funding must be informed of this during the application process, so the repayment can be arranged.
Kentucky Personal Injury Law: How Does it Affect Legal Funding?
There are no damage caps on personal injury cases in the state of Kentucky. According to the statute of limitations, injured parties have one year to file a lawsuit against those responsible. After this period, Kentucky courts will be unlikely to hear a personal injury case and the right to compensation will be lost.
Like many states, Kentucky courts base damages on the comparative fault doctrine. This means that plaintiffs could lose a proportion of their compensation if they are partially responsible for causing their own injuries. Each party is assigned a percentage of responsibility and will have to pay the equivalent proportion of the overall damages. A party 90% at fault would pay 90% of the compensation, but 10% would also be docked from the total if the plaintiff is found to be 10% responsible.
The majority of people involved in auto accidents are required to settle their disputes through the relevant insurance companies. To file a lawsuit against those responsible, Kentucky courts rule that the person in question must have exceeded their personal injury protection (PIP) benefits and suffered a serious injury. This includes permanent disfigurement and permanent loss of body functions.
Kentucky jurisdiction also rules that dog owners are liable for any injuries caused by their pets. The statute applies to injuries to people and livestock as well as property damage, regardless of the dog’s behavior in the past.
Notable Personal Injury Lawyers in Kentucky
There are a number of personal injury lawyers in Kentucky, with the skills and experience needed for any case:
5004 Poplar Level Rd, Louisville, KY 40219
106 West Second Street, Lexington, KY 40507
07 E 10th Ave, Bowling Green, KY 42101
Kristi Saladino Schaaf
700 Clark Street, Paducah, KY 42003
Jerry P. Rhoads
115 East Second Street, Suite 100, Owensboro, KY 42302
Danny E. Darnall
911 N Mulberry St, Elizabethtown, Kentucky 42701
911 N Mulberry St, Elizabethtown, Kentucky 42701
525 W. 5th Street, Suite 108, Covington, KY 41011
Car Accident and Fatality Statistics in Kentucky
There were 721 fatal crashes in Kentucky, according to data from the U.S. Department of Transportation’s Fatality Analysis Reporting System. These resulted in 782 deaths, amounting to 17.6 deaths per 100,000 population—43% of which were car occupants.
Furthermore, 65% of fatal crashes occurred in rural areas of Kentucky, while of the drivers killed with known blood alcohol concentration results, 19% of these had BACs above 0.08. Like all US states, Kentucky imposes penalties for driving with a BAC of 0.08% or greater.
At Nova Legal Funding, we provide pre-settlement funding in Kentucky for all motor vehicle injuries, including:
- Pedestrian accident
- Car accidents
- Tractor trailer accident (truck accident)
- Bus accident
- Bicycle accident
- Motorcycle accident
For speedy financial assistance, contact us today to see how our lawsuit loans in Kentucky can help you.
Kentucky Lawsuit Funding FAQs
Am I eligible for legal funding in Kentucky?
You are entitled to pre-settlement funding in Kentucky provided that you have sustained an injury as the result of another person or entity. Significant injuries mean you automatically qualify for a quick and easy application.
Will I receive a lawsuit loan or a cash advance?
Though commonly referred to as a lawsuit loan, Nova Legal Funding provides personal injury plaintiffs with a cash advance against their final lawsuit settlement. The advance is also non-recourse, so customers will only need to repay the funding if they win their case or obtain a settlement.
Are there any restrictions in place over how I spend the lawsuit loan?
There are no restrictions over how plaintiffs spend a lawsuit loan in Kentucky. Nova Legal Funding provides financial assistance to customers in need, and past plaintiffs have used the money to pay the mortgage or rent, cover medical bills, and take care of other living expenses.
Apply For Lawsuit Funding in Kentucky Now
Our team can provide swift and effective financial assistance to all personal injury plaintiffs in need. Please contact a member of the Nova Legal Funding team for more information about pre-settlement funding in Kentucky.
Call us toll-free at 800-760-0704 to speak with a friendly funding specialist today.