Loan Settlement - What Documents Are Required For Personal Injury Cases?Part I
Are you in need of immediate cash due to injuries you sustained in a Personal Injury (e.
g.
, car wreck, slip-and-fall, etc.
)? To obtain your loan settlement as quickly as possible, make certain you have obtained all of the required documents to make it easy for the lender to approve your application and issue payment.
So, what do you need? Your success in this process will rely on your cooperation with the lender and your ability to obtain the following, all of which are easily obtained with very little effort on your part: 1.
Police Report: This document provides a wealth of information that will expedite your application request.
Names of drivers, names of occupants, date on which the injury occurred, manner in which the injury occurred, extenuating circumstances (e.
g.
, ice on roads, driver under the influence), and much, much more.
2.
Adverse party's insurance (i.
e.
, name of other party's insurance carrier): If the other party has no insurance, attorneys are likely to be reluctant to pursue that party.
(Many individuals have neither insurance nor assets.
) Attorneys search for deep-pockets.
However, it is important to realize that even when there is no "adverse party insurance," your driver's insurance may cover both you and your driver/owner.
Attorneys experience in Personal Injury can be of great assistance in sorting out potential sources from which a recovery may be made.
3.
Medical Expense Summary and Demand Letter:Early is better than later when notifying both your attorney and lender of expenses incurred.
The Settlement Demand explicitly identifies parties against whom the claim is made, injuries alleged, applicable rules and statutes, and the specific amount demanded to settle the claim.
In many jurisdictions, the specific amount is not identified.
In many instances, your attorney will demand insurance policy-limits.
4.
Doctors' reports: It is important to bear in mind that you will receive no compensation for expenses of which the insurance carrier has no knowledge.
Furthermore, your failure to include all doctors' reports may severely compromise your case and leave you stuck with a bill from a provider not identified in your Demand.
g.
, car wreck, slip-and-fall, etc.
)? To obtain your loan settlement as quickly as possible, make certain you have obtained all of the required documents to make it easy for the lender to approve your application and issue payment.
So, what do you need? Your success in this process will rely on your cooperation with the lender and your ability to obtain the following, all of which are easily obtained with very little effort on your part: 1.
Police Report: This document provides a wealth of information that will expedite your application request.
Names of drivers, names of occupants, date on which the injury occurred, manner in which the injury occurred, extenuating circumstances (e.
g.
, ice on roads, driver under the influence), and much, much more.
2.
Adverse party's insurance (i.
e.
, name of other party's insurance carrier): If the other party has no insurance, attorneys are likely to be reluctant to pursue that party.
(Many individuals have neither insurance nor assets.
) Attorneys search for deep-pockets.
However, it is important to realize that even when there is no "adverse party insurance," your driver's insurance may cover both you and your driver/owner.
Attorneys experience in Personal Injury can be of great assistance in sorting out potential sources from which a recovery may be made.
3.
Medical Expense Summary and Demand Letter:Early is better than later when notifying both your attorney and lender of expenses incurred.
The Settlement Demand explicitly identifies parties against whom the claim is made, injuries alleged, applicable rules and statutes, and the specific amount demanded to settle the claim.
In many jurisdictions, the specific amount is not identified.
In many instances, your attorney will demand insurance policy-limits.
4.
Doctors' reports: It is important to bear in mind that you will receive no compensation for expenses of which the insurance carrier has no knowledge.
Furthermore, your failure to include all doctors' reports may severely compromise your case and leave you stuck with a bill from a provider not identified in your Demand.