Rhode Island Legal Funding

Many insurance industry insiders have seen the writing on the wall, with some even acknowledging publicly that litigation funding helps win bigger payouts.

That being said, it’s interesting to note that in a perfect world, with all other things being equal, negotiations for insurance settlements would almost always favor the plaintiffs.

That should come as a shock to no one. After all, we’re all human, right?

And isn’t it just basic human nature to empathize with, feel sympathy for, and genuinely desire to help someone who sustained injuries due to another person’s negligence and through no fault of their own?

Countermeasures

Insurers are acutely aware of this human tendency and its potential effect on their bottom line.

And since time immemorial, many have sought to conceal, contain, or counteract it.

In fact, a pretty convincing argument could be made that it’s the whole reason why some insurers train their claims adjusters so extensively to spot this human tendency, isolate it, and instead try to tip the scales early.

That could also explain why they try so hard early on to woo accident victims and make paltry settlement offers before they’ve had a chance to “lawyer up” and discover their case is worth more—often substantially more.

History is rife with examples of unscrupulous insurers using unsavory, unethical, and sometimes illegal tactics to try to force people into accepting unfair settlements—or worse, not paying them at all.

Some insurers have relied on the unfair leverage of fear, coercion, deception, the very real specter of impending financial doom, and even the intentional infliction of financial pain by delaying, denying, or outright withholding payments to which claimants are rightfully due.

But a funny thing can happen when seriously injured people get a pre-settlement funding cash advance; that unfair leverage disappears.

Think about it. An insurer’s only real leverage or “power of persuasion” lies in its ability to do two things:

Settlement funding can potentially eliminate financial pain and the urgency to settle for less-than-fair compensation. Once that leverage is gone, an insurer has nothing meaningful left to bargain with.

The only thing left to do is to have fair and balanced settlement negotiations focused on determining the appropriate compensation for the claimant’s injuries based on the coverage available from the defendant’s policy.

Pre-Settlement Funding Is A Lifeline

Pre-settlement funding can be a lifesaver for men and women who have been seriously hurt in an accident and are now buried by a mountain of unexpected medical bills and other accident-related expenses they never planned on.

It can help those people stay afloat during long or complicated medical recoveries, periods of unemployment, or prolonged litigation by providing much-needed financial support to pay bills and stabilize their finances.

It can also help tame the overwhelming fear and worry that goes along with being seriously injured, unable to return to work, and having no idea how to deal with the tsunami of financial challenges that so frequently seem to go hand-in-hand with personal injury litigation.