What if the Other Party Denies Liability?
A Personal Injury or Medical Negligence claim may take a long time to settle because the other party or their insurer refuses to admit liability. So it might not be possible to secure an interim payment until the case is resolved.
However, we can still apply to a Court and ask a Judge to order an insurer who doesn’t want to pay out to issue an interim payment.
What if the Other Side wants to Settle Early?
It may be the case that the other party wants to settle with you quickly to get the matter over with. However, agreeing to settle early can often be counterproductive in the long run, as you may end up accepting a sum that’s well below what you’re entitled to.
So if you find that your compensation settlement isn’t enough to ease your financial pressures or help you cope with an injury, it’s too late to do anything about it.
Requesting an interim payment can help to ensure that you won’t be tempted to settle early just for the sake of it, and that you don’t go without funds that are badly needed.
With an interim payment, you’ll have the financial help you require when you need it most, but leave the door open to getting the full amount of compensation you’re entitled to, that’s based on a comprehensive and thorough assessment of your needs, circumstances and medical prognosis.
How Many Interim Payments Can I Receive?
You can receive multiple interim payments while a Personal Injury or Medical Negligence case is proceeding and there’s no upper limit on how many interim payments can be awarded.
However, a Court will only approve it if they are happy that there is a good reason for requesting a further interim payment, and that you’re asking for a reasonable amount.
Any interim payments you receive will be deducted from your overall settlement figure that you receive when your claim reaches its conclusion. If you receive more interim payments than your claim is worth, you need to pay back any overpayment.