Are you a citizen of Missouri facing a personal injury lawsuit?
Many personal injury plaintiffs suffer financial strain due to a lengthy legal battle, leaving them struggling to make important rent or mortgage payments, or cover medical expenses. Here at Nova Legal Funding, we provide our customers with pre-settlement funding to ease any financial stress during this period.
The complex nature of personal injury lawsuits in Missouri can take a long time to settle. Plaintiffs could be waiting for months or even years without receiving compensation for their injuries. To make matters worse, insurance companies are infamous for their stalling tactics and will slow down the process in the hope you will agree to settle as soon as possible. This would likely mean you end up accepting a lower settlement than you deserve.
This is why many personal injury plaintiffs take out a lawsuit loan to ease their financial burden throughout the case. At Nova Legal Funding, we provide plaintiffs in the state of Missouri with a non-recourse cash advance.
Personal injury plaintiffs can apply for a pre-settlement loan at any point during their lawsuit, and Nova Legal Funding pledges to provide immediate financial support within 24 hours of approval.
Laws and Regulations of Pre-Settlement Funding in Missouri
Important Missouri Legal Information
|Avg. Funding per case from Nova Legal Funding||$3,162 Nova can fund anywhere from $500 up to $2,500,000 depending on case value.|
|Fault Laws||Pure Comparative FaultIf the plaintiff is negligent, that will reduce the liability of the defendant. Gustafson v. Benda, 661 S.W.2d 11 (Mo. 1983).|
|Statute of Limitations||5 years Title 35, Ch. 516, Sec. 516.120|
|Minimum policy limits for bodily injury & property damage||$25,000 bodily injury liability per person $50,000 bodily injury liability per accident $10,000 property damage liability per accident $25,000 uninsured motorist coverage per person $50,000 uninsured motorist coverage per accident|
|Minimum UIM auto insurance limits||Liability: 25/50/10 UM BI: 25/50|
|Workers compensation eligibility||Eligible|
Attorneys in the state of Missouri must thoroughly explain all terms of legal funding contracts to the personal injury plaintiffs they serve. This includes informing them about the loss of attorney-client privilege, which means confidential communications could be disclosed for the sake of the agreement.
Missouri Personal Injury Law: How Does it Affect Legal Funding?
The statute of limitations for personal injury plaintiffs in the state of Missouri is five years. Injured parties must file a personal injury case with the Missouri courts within this time frame. If they do not, it is highly unlikely the case will be accepted by the courts and all rights to compensation will be lost. This time frame does not apply to Missouri citizens who wish to file an injury claim against the state government. In this instance, injured parties have just 90 days to file a formal claim and must do so with the Office of Administration’s Risk Management Division.
Missouri jurisdiction follows the pure comparative fault doctrine when it comes to deciding how much compensation an injured party is entitled to. This system requires the court to assign a percentage of responsibility to each party involved in the accident. Each party will have to pay the same proportion of the overall damages. For instance, somebody found to be 50% at fault would pay half the damages the plaintiff is entitled to. However, if the plaintiff is found to be 50% responsible for their own injuries, the same percentage will be deducted from the compensation they receive.
There are no caps in place regarding the amount of compensation personal injury plaintiffs are entitled to in the state of Missouri.
Missouri residents are also strictly liable for injuries caused by a dog they own. Even if the animal has never appeared dangerous before, the owner will have to take responsibility for any personal injuries their dog causes another person.
Notable Personal Injury Lawyers in Missouri
Missouri is home to a number of talented attorneys who would be delighted to take on your case:
Zane T. Cagle
500 N. Broadway, St 1605, St. Louis, MO 63102
Donovan B. Dodrill
Country Club Plaza, 435 Nichols Road, REGUS Suite 200, Kansas City, MO 64112
3331 East Ridgeview Street, Springfield, MO 65804
Rudy A. Arámbulo
301 W. Pacific Street, Suite A, Branson, MO 65616
Corporate Center Joplin, 1105 E 32nd Street, Suite 5, Joplin, MO 64804
S. Matthew Grayson
915 Southwest Blvd., Suite N, Jefferson City, MO 65109
915 Southwest Blvd., Suite N, Jefferson City, MO 65109
210 N Belt Hwy Suite A, St Joseph, MO 64506, USA
Car Accident and Fatality Statistics in Missouri
There were 863 fatal crashes in Missouri in 2017, according to the most recent data from the U.S. Department of Transportation’s Fatality Analysis Reporting System. This resulted in a total of 930 deaths, amounting to 15.2 deaths per 100,000 population.
Most of the fatalities were car occupants (39%), though 121 motorcyclists were also killed in addition to 96 pedestrians. Approximately 55% of all Missouri fatal crashes involved a single vehicle. Fatal crashes were equally common in both urban and rural areas of Missouri, while of the drivers killed with known blood alcohol concentration results, 27% had BACs over 0.08%. The state imposes penalties for driving with a BAC of 0.08% or greater.
Nova Legal Funding provides lawsuit loans to Missouri involved in many different traffic accidents. The most common cases we cover are:
- Pedestrian accident
- Pre-settlement loans auto accidents
- Tractor trailer accident (truck accident)
- Bus accident
- Bicycle accident
- Motorcycle accident
To learn more about our pre-settlement funding in Missouri, contact us today for a free case evaluation.
Missouri Lawsuit Funding FAQs
How do I know if I qualify for lawsuit funding in Missouri?
All Missouri personal injury plaintiffs are entitled to a quick lawsuit funding application free of charge. If you were involved in an accident that occurred within Missouri state lines, you automatically qualify for lawsuit funding.
Will I receive a lawsuit loan or cash advance?
Most commonly known as a loan, the funding we provide at Nova Legal Funding is actually a non-recourse cash advance. This legal funding makes for a risk-free agreement, as our customers are not required to pay us back if they lose their personal injury case.
How should I spend the lawsuit funding?
There are no restrictions in place, leaving our customers free to spend their cash advance however they please. However, many personal injury plaintiffs we’ve supported in the past have chosen to use our pre-settlement to cover important expenses including rent, mortgage, medical bills, and other living costs.
Apply For Lawsuit Funding in Missouri Now
With our financial support, you and your attorney will have the space to negotiate the best possible settlement for your personal injury case. Contact our team at Nova Legal Funding today to start a pre-settlement funding application in Missouri.
Call us toll-free at (213) 340-5082 to speak with a friendly funding specialist today.