Insuring No Win No Fee Claims Your Best Solution
Your in the process of seeking compensation for the injury you suffered. Speaking with a personal injury lawyer they advice you that they'll run your claim under a 'No Win No Fee' claims policy. The lawyer explains that if you don't win the claim then you will not need to pay their fees. Sounds great! But what about the other lawyers fees? The one you were up against in court! The ones who won the case! They'll be wanting paid for their services and they'll be looking to claim that money from you!
Understanding No Win No Fee Claims
A 'No Win No Fee' claim is basically a conditional fee that you enter into with your personal injury lawyer. They differ from firm to firm so its always best to read the terms and conditions of the agreement.
A person would opt for a 'No Win No Fee' claim if they didn't qualify for financial help (legal aid) or could not afford to meet the costs required to fund their own claim. Some personal injury lawyers have 'Success Fees' written into 'No Win No Fee' agreements meaning you pay more if the compensation claim is successful.
A good lawyer should also advise you to help protect your claim in the unfortunate event that you actually lose. You are responsible for paying the other parties costs if your unsuccessful in your claim. By taking out special insurance called 'after the event insurance'.
This insurance can be costly but you can reclaim the costs of this if you win your case and it is peace of mind for yourself to know that you are covered for any eventuality regarding your claim.
However, if your claim is not accepted by the insurance company it may be a warning that they feel your claim is weak and you have a good chance of losing. In this case seek advice from your injury lawyer about proceeding. It may even be advisable to get a second opinion from another personal injury lawyer to reaffirm that your case is worth going forward under a 'No Win No Fee' policy especially with no insurance to fall back on.
Benefits of No Win No Fee Claims
Without a doubt there are more positives than negatives for those wishing to run the compensation claim under a 'No Win No Fee' policy. As mentioned earlier policies differ from law firm to law firm. The best advice is to ask the personal injury lawyer you are considering representing you for your compensation claim.
A number of lawyers offer '100% Compensation No Win No Fee' claim agreements which means you get to keep 100% of the compensation offered to you - your lawyer will charge their costs to the opposing party.
The best advice will always be readily available from experienced injury lawyers who offer a reliable service to their claimants and willingly inform them about which service is best suited to their needs and if a 'No Win No Fee' claims policy is the best solution available.
Paul Steven writes for North South Media a leading Internet Marketing Company in Scotland.
Article from articlesbase.com
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