Nevada Legal Funding
Fast Pre-Settlement Loans in Nevada
Are you a citizen of Nevada with a pending personal injury lawsuit?
Facing a lengthy legal battle often hits you by surprise and could leave you dealing with financial problems. Here at Nova Legal Funding, we provide lawsuit funding in Nevada for citizens with a pending personal injury lawsuit.
The complex nature of personal injury lawsuits often means that the process takes months, or even years, before you get any compensation owed for any injuries sustained. Insurance companies know this and have been known to use stalling tactics to drag the process out in the hopes that the financial strain will encourage you to accept a lower settlement than you’re entitled to.
Those facing a personal injury lawsuit in Nevada often need financial assistance until the case is settled. At Nova Legal Funding, we offer a superior alternative to pre-settlement funding, as our cash advances are wholly non-recourse. This means that you’re not required to pay anything back if you lose your case, which means applying for lawsuit funding with us is completely risk-free.
You can start the legal funding process at any time during your lawsuit in Nevada. Nova Legal Funding is on hand to offer quick and easy lawsuit funding, giving you and your attorney the chance to negotiate the settlement you deserve.
Nevada Pre-Settlement Funding Requirements
Applying for legal funding in the state of Nevada couldn’t be easier—all you need is your name, phone number, and your attorney’s contact information.
- 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 Nevada
Important Nevada Legal Information
|Avg. Funding per case from Nova Legal Funding||$20,358
Nova can fund anywhere from $500 up to $2,500,000 depending on case value.
|Fault Laws||Modified Comparative Fault – 51% Bar
If plaintiff’s negligence is less than the combined negligence of the defendant’s fault, he can only recover damages not attributable to his own fault. N.R.S. § 41-141.
|Statute of Limitations||2 years Chapter 11, Sec 11.190|
|Minimum policy limits for bodily injury & property damage||$25,000 bodily injury liability per person
$50,000 bodily injury liability per accident
$20,000 property damage liability per accident
|Minimum UIM auto insurance limits||Liability: 15/30/10 (effective July 1, 2018: 25/50/20)|
|Workers compensation eligibility||Eligible|
Nevada’s Worker’s Compensation law states that all employers must carry proper Worker’s Comp coverage. Employers who fail to carry this insurance face a variety of penalties, including a fine of up to $10,000. Employers are also banned from firing any employees who file a workers’ compensation claim, and can face legal action if this happens.
Most insurance companies who provide workers compensation will favour the business, so it’s important to get legal help if you do wind up facing a personal injury lawsuit against your employer. An attorney can help you get the compensation you deserve, while our legal funding ensures you don’t settle for a low settlement as quickly as possible.
You will be ineligible for a pre-settlement loan from Nova Legal Funding if you have already applied for a loan elsewhere for the same case.
Nevada Personal Injury Law: How Does it Affect Legal Funding?
The statute of limitations for any personal injury case in Nevada gives two years for the injured party to file a lawsuit against the parties responsible. After this time has passed, it is highly unlikely that the courts will hear a case that has just been filed, and any compensation you may have been entitled to will be lost.
Nevada’s judicial system works under the modified comparative law, which means that even if you’re a little to blame for the accident, you can still recover your losses. Under Nevada law, a plaintiff can still recover for damages, as long as they’re up to 50% to blame for the accident. However, if you are 50% or more to blame, you will be barred from collecting any money.
If the fault is shared between parties, the jury will decide the percentage each party is responsible, and decide the amount the plaintiff is owed based on this. Any money you will be able to get in compensation will be dependent on how much blame the courts assigned to you. For example, if the total damages for the accident equal $10,000, but the jury finds that you’re 40% at fault, you can only collect $6,000.
Nevada is a “fault” or “at-fault” state regarding car accidents. This means that in the event of an accident, the plaintiff’s first option is to sue the driver at fault. If, however, they are uninsured or underinsured, the plaintiff can file a claim with their own insurance company.
Some states cap the damages a plaintiff can receive in any lawsuit. In Nevada, non-economic damages are capped in medical malpractice cases—including “pain and suffering” damages—at $250,000. This cap doesn’t affect economic damages, such as medical bills and lost wages. It also only affects personal injury cases stemming from medical errors.
Notable Personal Injury Lawyers in Nevada
There are plenty of personal injury lawyers experienced in dealing with a variety of cases who would be delighted to take on your case in Nevada:
Shook & Stone
710 S 4th St, Las Vegas, NV 89101
Cogburn Law Offices
2580 St Rose Pkwy #330, Henderson, NV 89074
Steven J. Klearman & Associates
437 W Plumb Ln, Reno NV 89509
Glen Lerner Injury Attorneys
3155 W Craig Rd #100, North Las Vegas, NV 89032
Rick D. Williams
5515 Wedekind Rd, Sparks, NV 89431
Charles M. Kilpatrick
412 N Division St, Carson City, NV 89703
Carucci & Associates
795 E Main St, Fernley, NV 89408
Car Accident and Fatality Statistics in Nevada
In 2018 there were 331 fatalities on Nevada roads, up from 311 deaths in 2017, making it the deadliest year for motorists in the past decade. These fatalities occurred in 301 crashes, which was also up from 292 crashes that occured in 2017. August saw a massive 37 fatalities in Nevada, which was the most number of fatalities in a single month in the whole of 2018.
It’s also been reported that fatalities were caused by occupants in a vehicle, who were not wearing seatbelts. The number of fatalities caused by this increased by 23% over the year. Wearing a seatbelt in a car is currently a secondary law in Nevada. This means that officers will only cite drivers and passengers for not wearing a seatbelt if they are stopped for another infraction.
Here at Nova Legal Funding, we offer pre-settlement funding for Nevada citizens to help ease the financial strain of being involved in a car accident case. The most common cases we cover are:
- Pedestrian accident
- Car accident
- Tractor trailer accident (truck accident)
- Bus accident
- Bicycle accident
- Motorcycle accident
We have the skills and expertise to take charge of all lawsuit funding in Nevada. Contact our team today for a free case evaluation, and for more information about the benefits of a Nevada lawsuit loan.
How do I know if I qualify for lawsuit funding in Nevada?
Personal injuries caused by another person or party automatically qualify for lawsuit funding. In general, if the accident occurred within Nevada and significant injuries were sustained by you, the plaintiff, you qualify for a free and quick application.
Is it a lawsuit loan or cash advance?
Often referred to as a lawsuit loan, the funding is actually an advance against the lawsuit settlement you will eventually be granted. This is also considered to be non-recourse. This means that if you lose your case, you are under no obligation to pay back the money loaned to you. We only collect repayment if you win your case or obtain a settlement.
Does it matter how I spend the lawsuit funding?
Pre-settlement funding is available to those who need financial support during a personal injury lawsuit. However, there are no regulations on how this cash advance should be spent. We understand that our plaintiffs in Nevada may use the money to pay off debts, cover the payments of rent or mortgage, afford medical bills, or simply use the money for daily living expenses.
Apply For Lawsuit Funding in Nevada Now
At Nova Legal Funding, we have the skills and experience to take charge of pre-settlement funding in Nevada. Our funding specialists are on hand 24/7 to serve plaintiffs with a personal injury lawsuit pending. Contact our team today for a free case evaluation, and for more information about the benefits of a Nevada lawsuit loan.