If you are filing a lawsuit under the Jones Act, first of all, good for you. Your effort to stick up for your rights will help not only yourself but also others.
A lawsuit can go a long way toward dissuading powerful parties from steamrolling the rights of everyday citizens.
As lawsuits run their course, plaintiffs can all too easily find themselves in a financial bind.
If you’re filing a lawsuit, you not only have to pay the extra expenses related to your legal action, you also have to keep up with your normal household expenses.
Couple this with the fact that it is impossible to predict when your case will settle, and you can see how some seemingly minor financial issues can spiral into major ones.
Luckily, there is a way to bridge the financial gap between now and when your lawsuit eventually settles: a lawsuit loan from Ally Lawsuit Loans.
At Ally, we offer financing in many different civil claims, including those made under the Jones Act. For plaintiffs, lawsuit loans can take a seemingly out-of-control financial situation and make it manageable.
What Does the Jones Act Do?
The Jones Act is the common name given to the Merchant Marine Act of 1920. The law established certain regulations surrounding the maritime shipping industry in the United States.
Aside from the individual protections that the Jones Act provides, which we will cover below, it contains many other provisions. Notably, the Jones Act requires ships that move goods between U.S. ports to be owned, built, and operated by permanent U.S. residents or U.S. citizens.
For our purposes, however, we’ll focus on the protections the Jones Act provides to covered individuals.
What Individual Protections Does the Jones Act Offer?
The individual protections contained in the Jones Act apply to seamen. Seamen, for the purposes of the Jones Act, are individuals who are actively engaged in employment on a ship covered by the Act.
The Jones Act extends the protections in the Federal Employers Liability Act to all workers covered by the Act. In addition, the Jones Act gives employees the right to file a personal injury lawsuit against their employers.
Thus, if you are hurt while working as a seaman covered under the Act, you can sue for damages as you would with any other employer.
How Much Are Typical Jones Act Lawsuit Settlements Worth?
As with any personal injury claim, there is no real average amount that we can point to when it comes to Jones Act lawsuit settlements.
Since every injury is different, the value of a given claim depends entirely on that claim’s specific facts and circumstances.
The best you can do to estimate the value of your claim on your own is to add up all the economic damages you suffered.
Essentially, this amount includes any extra monetary expenses you faced as a result of the injury. That will give you a starting point, but there’s a lot more that goes into determining a settlement amount than your extra expenses.
In particular, non-economic damages come into play. The only effective way to get an accurate estimate of your claim’s value is with the help of your attorney.
How Do Jones Act Lawsuit Loans Help Me Get a Better Settlement?
A lawsuit loan from Ally can help, not only by alleviating immediate financial pressure but also by helping you get a better settlement. How does this happen?
At a basic level, having a lawsuit loan in your pocket is an asset in negotiations. Powerful parties often come to the negotiating table with repeated lowball offers.
The bet they make is that you’re in a tough spot financially and need money now. Because you need money now, you’re more likely to accept a lowball offer.
But, at the end of the day, the lowball offer doesn’t get you where you need to go.
With a lawsuit loan in your pocket, you have the time to let the defending party make all the bogus settlement offers it wants. You don’t need to accept them because your immediate finances are taken care of.
Eventually, the defendant will come to their senses, realize you won’t accept anything less than what you are entitled to, and start negotiating in good faith.
That’s just one way a lawsuit loan helps you get the most out of your settlement.
How Do I Qualify For Jones Act Lawsuit Funding?
Qualifying for Jones Act lawsuit funding through Ally Lawsuit Loans is a quick, straightforward process. All you have to do to get started is fill out one simple application.
But before you fill out the application, you need to have an attorney representing you in an ongoing Jones Act civil claim. That’s our only requirement.
Our application asks you for your personal information, a little bit of information about your claim, and your attorney’s contact information. We get in touch with your attorney to verify all the details and learn a bit more about your case.
We use this information to determine:
- Whether we can offer you a loan,
- How much we can offer, and
- At what rate we can loan you the money.
That’s it. Once you fill out your application, we get back to you within 24 hours. From there, you’ll have legal financing in as little as 24 more hours.
The Ally Lawsuit Loan Difference
There are a lot of lawsuit lenders and pre-settlement funding companies out there today. Our industry is growing. But that makes it harder for you to find the right loan.
You have to fill out multiple applications and review numerous potential loan agreements to find the best interest rate. If you go with Ally Lawsuit Loans right off the bat, however, you can save yourself time, money, and effort.
Nevermind the other applications, Ally Lawsuit Loans offers a unique, three-part promise to all our clients:
- Qualify for your loan within 24 hours,
- Get the guaranteed lowest interest rate in the industry; and
- Repay nothing if you lose.
With this guarantee backing your lawsuit loan, you really have nothing to lose. You deserve an ally in this fight, so go with Ally Lawsuit Loans. Apply today!