Finance

4 Reasons You Should Talk to an Expert About a Personal Injury Settlement Loan

Your legal team is working diligently on a settlement for your personal injury suit. While the outlook for a successful settlement is excellent, it will take time. What happens if you need financial resources in the meantime? Securing a settlement loan is the best way to take care of your financial needs. Here are a few reasons why you should talk to a settlement representative today.

You Can’t Work Right Now.

The nature of your injury makes working impossible. While you will eventually recover, the last of your sick leave and vacation time will soon be exhausted. Your savings will only cover so much of your ongoing expenses. Unless something happens soon, taking care of expenses like a mortgage payment or the monthly utility bills will no longer be possible.

The proceeds from a settlement loan can be used for anything you want. That includes covering your basic living expenses. By using the money wisely, you should be able to live comfortably until the suit is settled.

Your Insurance Provider Denies Some Claims

Your doctor says you need certain treatments for your recovery. The insurance company begs to differ. While you can contest the claim denials, how will you afford to pay for those treatments in the meantime?

One of the great things about Caremark personal injury loans is that they provide the funds needed to cover the insurance provider. The lender may also prepare what is known as a term sheet, providing your legal counsel with documentation of legitimate medical treatments that the provider denied. That document will come in handy as your counsel seeks to recover those costs on your behalf.

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You Are Near Your Coverage Limits

Your provider has not denied a single claim, but you are getting close to the limits for certain treatments. What will you do once the limits are reached? Indeed, many of them will once again be eligible for payment when the next calendar year begins, but that’s several months away. It would help if you had a solution that will cover the costs and allow you to continue your treatments.

The money from a settlement loan will fill in the gap. Once your benefits are exhausted, use the funds to pay for the treatments in full.

You Need Support That is Outside the Scope of Your Coverage

Perhaps you need treatments that are not covered by your health insurance. While it may be possible to obtain some help from other sources, the funds from a settlement loan allow you to commence with those treatments without any delays. If you have already started and are paying out of pocket anyway, the funds ensure you can continue the treatments for as long as necessary.

Never put your health in jeopardy because there are no resources to cover the treatments needed to recover from an injury. Visit Casemarkfinancial.com today and learn more about the type of loans and support available. The team will be happy to answer any questions that come to mind and prepare your application.

Caremark Financial

  • 476 Richmond St W Suite 200,
  • Toronto,
  • ON
  • M5V 1Y2,
  • Canada
  • (416) 477-3346
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