Rhode Island Legal Funding
Quick Pre-Settlement Loans in Rhode Island
Are you a citizen of Rhode Island with a pending personal injury lawsuit?
A drawn-out personal injury case in Rhode Island can cause major financial issues. At Nova Legal Funding, we provide pre-settlement funding for any residents of The Ocean State facing a pending personal injury lawsuit within 24 hours.
The complicated nature of personal injury lawsuits means it can be months, or even years, before you receive compensation for your injuries. Unfortunately, insurance companies have earned a reputation for stalling on payments, which often forces force plaintiffs into accepting a lower settlement than they’re entitled to. Consequently, many individuals claiming personal injury damages in Rhode Island need financial assistance.
If you have sustained serious injuries, you may also need to take time off work to recover, further adding to your financial woes. A lawsuit will eat into your income, and cause debts to spiral out of control.
Nova Legal Funding is here to ensure that this doesn’t become the case. Our settlement funding is provided on a no win no fee basis, which means that our clients are not required to pay anything back unless they win the case. This removes the risks usually associated with applying for litigation funding.
You can make your application at any point during your case, and we will make sure to provide the funding within 24 hours of approving the loan. With Nova Legal Funding, you get the time and space to negotiate the settlement you’re entitled to.
Rhode Island Settlement Loan Requirements
To apply for lawsuit funding in Rhode Island, all you need is 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 exclusively 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 Rhode Island
Important Rhode Island Legal Information
|Avg. Funding per case from Nova Legal Funding||Nova can fund anywhere from $500 up to $2,500,000 depending on case value.|
|Fault Laws||Pure Comparative Fault
Plaintiff’s negligence may be considered in his right to recovery.
R.I.G.L. § 9-20-4.
|Statute of Limitations||23 years Title 9, Ch. 1, Sec. 9-1-14|
|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
|Minimum UIM auto insurance limits||Liability: 25/50/25|
|Workers compensation eligibility||Eligible|
All employers in the state of Rhode Island must carry worker’s compensation insurance. This is a no-fault system that compensates those injured on the job, covering medical bills, lost injuries, and permanent impairments caused by their injuries. This covers both traumatic injuries and occupational illnesses.
Those who have applied for a pre-settlement loan elsewhere will be ineligible for an advance from Nova Legal Funding for the same case.
Rhode Island Personal Injury Law: How Does it Affect Legal Funding?
The statute of limitations for personal injury plaintiffs in the state of Rhode Island is three years. Plaintiffs must therefore file a lawsuit with a Rhode Island court within this period or face having their right to compensation taken away. Claims against a Rhode Island government employee or agency have the same limitation period, but only for filing a formal claim, not a lawsuit.
To establish just how much compensation an injured party is entitled to, Rhode Island follows the “comparative fault” system. This reduces the amount of damages you can claim if you are also at fault for the accident. For example, if the court held you to be 10% responsible for your injuries, your overall compensation fee would be reduced by 10%. This doctrine applies regardless of the level of fault, so even if you were deemed to be 99% responsible, you would still be able to collect 1% of the damages awarded.
When it comes to car accidents, Rhode Island follows a “fault” based doctrine, which makes the individual at fault for the accident also financially responsible for any harm caused. Somebody injured in an auto accident can proceed in one of three ways: filing a claim with their own insurance company, filing a claim directly using the at-fault motorist’s insurance, or by filing a personal injury lawsuit against the driver responsible.
There are no caps in place regarding the amount of compensation personal injury plaintiffs in Rhode Island can claim.
Rhode Island dog owners are strictly liable for injuries caused by their animal, irrespective of its previous behavior.
Notable Personal Injury Lawyers in Rhode Island
Rhode Island is home to a number of talented attorneys who are happy to take on your case:
Providence Office, 350 S Main St, Providence, RI 02903
390 Broadway, Providence, RI 02909
Ronald J. Resmini
155 S Main St #400, Providence, RI 02903
Attorney Mark S. Buckley CFP
511 Greenbush Road, Warwick, RI 02818
127 Dorrance Street, Penthouse, Providence, RI 02903
Car Accident and Fatality Statistics in Rhode Island
According to the latest statistics from the U.S. Department of Transportation, Rhode Island has a low rate of fatal motor accidents. The data revealed that there were just 7.6 deaths per 100,000 of the population in 2017, which worked out at 83 deaths from 76 fatal crashes that year in total. Drunk-driving contributed to 90% of driver deaths, whilst half of all fatally injured occupants neglected to secure their seatbelt.
The most typical pre-settlement funding for drivers involved in auto-accident cases in Rhode Island are:
- Pedestrian accident
- Car accident
- Tractor trailer accident (truck accident)
- Bus accident
- Bicycle accident
- Motorcycle accident
Please contact us today for more information about pre-settlement funding in Rhode Island, and to start your funding application.
How do I qualify for a lawsuit loan in Rhode Island?
If you are injured because of another person or entity, you automatically qualify for pre-settlement funding in Rhode Island.
Do you provide a lawsuit loan or cash advance?
Our lawsuit loans are cash advances in reality. These are provided against our client’s eventual lawsuit settlement, meaning claimants only need to pay us back should they win their case.
What do I do with the pre-settlement loan?
Plaintiffs are free to spend the funds as they wish. Previous customers have spent it on things like debts, their mortgage, and general living expenses.
Apply For Lawsuit Funding in Rhode Island Now
Get in contact with Nova Legal Funding for swift financial support. Our team is always on hand to deal with inquiries and help individuals get the funding they need.