The availability of insurance or assets to satisfy a settlement or judgment.
Context on Express Legal Funding
Insurance coverage plays a crucial role in personal injury cases, as it represents the potential pool of funds available to compensate the injured party. The amount of available insurance, often referred to as policy limits, significantly impacts the potential settlement value of a case. Legal funding companies, like Express Legal Funding, carefully evaluate the defendant’s insurance coverage when determining the funding amount, as it directly affects the likelihood and extent of a successful recovery. Understanding insurance coverage is vital for both plaintiffs and legal funding providers in navigating the complexities of personal injury litigation.
Significance: Highly influential; policy limits can affect total recovery.
