Vermont Legal Funding
Quick Pre-Settlement Loans in Vermont
Are you a citizen of Vermont preparing for a personal injury lawsuit?
A surprise legal battle means you run the risk of facing financial strain. At Nova Legal Funding, we provide legal funding for citizens of Vermont with a pending personal injury case.
Many people facing personal injury lawsuits in Vermont will need financial assistance during their case, especially if they need to take time off work to recover from the injuries sustained. Personal injury lawsuits are often lengthy and can consume most of an average income, leaving plaintiffs struggling to afford daily living expenses such as rent or mortgage payments, food, and bills. Some insurance companies play on this, deliberately prolonging the process for as long as possible and forcing plaintiffs to accept a lower payout than they’re entitled to.
Here at Nova Legal Funding, we remove the financial stress by providing pre-settlement cash advances within 24 hours of your application being approved. Our system works on a no win no fee basis, meaning you only need to make repayments if you win your case. Get in touch with our team at any point during your lawsuit for fast pre-settlement financial support.
Vermont Pre-Settlement Funding Requirements
Applying for legal funding in the state of Vermont is simple. You only need your name and the contact information of both you and your attorney.
- No Credit Check 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 Vermont
Important Vermont 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||Modified Comparative Fault – 51% Bar
Plaintiff can only recover the amount of damages not attributable to his own negligence. Vt. Stat. Ann. Tit. 12, § 1036.
|Statute of Limitations||3 years Title 12, Part 2, Ch. 23, Subch. 2, Sec. 512|
|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
$50,000 uninsured/underinsured motorist coverage per person
$100,000 uninsured/underinsured motorist coverage per accident
$10,000 uninsured/underinsured motorist property damage coverage per accident
|Minimum UIM auto insurance limits||Liability: 25/50/10
UM/UIM BI: 50/100
|Workers compensation eligibility||Not Eligible|
In Vermont, it is mandatory for employers to carry workers’ compensation insurance for medical care, lost wages, and permanent disability. This generally extends to covering employees who sustain repetitive motion injuries, such as carpal tunnel, or who may develop occupational diseases. This mandatory insurance program means that we do not provide personal injury pre-settlement funding for plaintiffs injured in the workplace or directly caused by their job.
You will be ineligible for a pre-settlement loan from Nova Legal Funding if you have already applied elsewhere for a loan towards the same case.
Vermont Personal Injury Law: How Does it Affect Legal Funding?
The judicial system in Vermont uses the modified comparative fault rule, which means that the amount you can collect in damages is dependent on how at fault you, as a plaintiff, are in the accident. If you share up to 50% of the fault, the total damages you will be awarded is reduced by the percentage of fault you’ve been assigned by the jury. However, if the court finds you 50% or more at fault for the accident, you will not be able to collect anything in damages from the other at-fault party.
Under Vermont’s statute of limitations, as a claimant, you have three years from the date you were injured to file a lawsuit in the state civil court system. If you fail to make a claim within these three years, there is a very high chance the courts will refuse to hear your case, and any compensation you may have been eligible for will be lost.
Vermont is a “fault” or “at-fault” state regarding car insurance and accidents. This means that the party that caused the accident is responsible for any harm caused to others. If you sustain any injuries from a car accident that wasn’t your fault, you have the option to file a claim with your own insurance company or the other driver’s policy. However, you may also file a personal injury lawsuit in the civil courts against the driver at fault.
Some states impose caps on the amount you could be owed in damages. The State of Vermont caps liability to $500,000 per person and $2,000,000 per accident if a state employee was found to be at fault. Otherwise, there are no caps on either economic or non-economic damages available to a plaintiff.
Notable Personal Injury Lawyers in Vermont
There are a number of highly-skilled personal injury attorneys in Vermont who would be glad to take on your case:
Mc Veigh Skiff LLP
30 Elmwood Ave, Burlington, VT 05401
1233 Shelburne Rd D5, South Burlington, VT 05403
Kevin M. Volz
39 Kingsley Ave, Rutland, VT 05701
Martin & Delaney Law Group
100 N Main St #2, Barre, VT 05641
Biggam Fox Skinner LLP
453 Stone Cutters Way, Montpelier, VT 05602
Affolter Gannon Attorneys at Law
15 Brickyard Rd, Essex Junction, VT 05452
Car Accident and Fatality Statistics in Vermont
In 2018, there were 60 fatal crashes in Vermont, killing 68 people. Of these crashes, five cases involved drivers suspected to be under the influence of alcohol, 13 occasions where drivers were suspected to be under the influence of drugs only, and 10 instances where drivers were suspected to be under the influence of both drugs and alcohol.
Here at Nova Legal Funding, we offer Vermont citizens pre-settlement loans to help ease the financial strain following a car accident. The most common cases we cover include:
- Pedestrian accident
- Car accident
- Tractor trailer accident (truck accident)
- Bus accident
- Bicycle accident
- Motorcycle accident
Contact our team today to have your case analyzed for free, and find out how much lawsuit funding you could be eligible for.
How do I know if I qualify for lawsuit funding in Vermont?
If you’ve sustained injuries from an accident caused by another person or party, you automatically qualify for lawsuit funding. As a general rule, if the accident occurred within Vermont state lines 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 we provide at Nova Legal Funding is actually an advance on the eventual settlement you receive. It’s important to remember 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?
The pre-settlement loans we provide at Nova Legal Funding are available to those who need financial support during a personal injury lawsuit. However, there are no limitations or guidelines regarding how you spend the cash advance. Previous plaintiffs in Vermont used the money to pay off previous debts, cover the cost of mortgage or rent, afford medical bills, or simply put it towards general living expenses.
Apply For Pre-Settlement Funding in Vermont Now
Here at Nova Legal Funding, we have the experience and skills to offer legal funding to your personal injury case in Vermont. Our team of professionals are available round the clock to serve plaintiffs. Get in touch with our team for a free evaluation of your case, and to find out more about the benefits of a lawsuit loan in Vermont.