Accidents happen both on and off land– Fair Rate Funding provides lawsuit funding for boating accidents.
Last month a woman went from enjoying relaxation to enduring pure panic. She was enjoying a boat ride through the Biscayne Bay off Dinner Key after a fireworks show when her brother noticed another boat heading directly for them.
Within minutes, four people had died and seven were injured. According to the Florida Fish and Wildlife Conservation Commissions, a 32-foot Contender struck the first boat and then hit a third boat.
The people onboard the Contender were catapulted into the Bay, three of which died and two of which were severely injured. The third boat’s passengers occupying a 35-foot Boston Whaler center console left the scene without any serious injury.
This specific boating accident comes as no surprise as Florida has the most number of boat owners of any U.S. state. There were 736 boating accidents in Florida last year that resulted in 420 injures. There were 13 fatalities in last December alone bringing the total number of fatalities to 62 for the year. Citizens have spoken to the issue of having too many boats on the water at one time during the holiday season. These complaints come in addition to protests about there being a lack of speed limits and boat rules to prevent boating accidents.
The investigation into this particular boating accident continues on in anticipation of a resolution. Until then, a great deal of questions will be entertained due to the severity and life long effect of the accident.
Victims and their family members are welcomed to file lawsuits against the parties at fault once those guilty parties are determined. The said lawsuits will be filed under the State’s Wrongful Death Statue. Those who have sustained serious injuries can file a lawsuit under the negligence laws.
Money can never fully compensate a victim’s loss, but it can help ease the stresses of those who survived. That being said, lawsuits take time, even years, to reach a conclusion. While time goes by, legal fees pile up often leaving people in financial turmoil.
In these circumstances, plaintiffs are often entitled to lawsuit funding for boating accidents, also known as “settlement loans”. Lawsuit funding for boating accidents provides cash quickly for present expenses. The function of settlement loans is to avoid plaintiffs having to accept settlements that are less than fair because of their financial hardships. Lawsuit funding for boating accidents brings plaintiffs financial stability to pay their legal fees while the lawsuit is being settled.
Credit checks are not preformed and the financial situation of the litigant is extraneous. There are neither upfront costs nor restrictions on how the litigant uses the lawsuit funding for boating accidents. To solidify the deal, the loan does not need to be paid back if the lawsuit is lost because these dealings are created as a purchase of a portion of the upcoming proceeds of the case. Due to this, lawsuit funding for boating accidents is deemed ‘non-recourse’ financing.