Reading the fine print is essential when you get an offer that seems too good to be true. The same goes for no win no fee claims. If you have been hurt in an accident, then you may probably be looking to make an injury claim using a no win no fee arrangement. But do you know what the no win no fee really entails? Doesn't the no win no fee system seem too good to be true? Before you start a claim, it is advisable to know everything about the no win no fee system. This can help you avoid nasty surprises.
"No win no fee" and "100% compensation" are the two commonly used phrases in advertisements for injury claims. But, these phrases have distinct meanings. When an injury claim is represented on a no win no fee basis, it means that you will pay no fee if you don't win. Your solicitor will not get paid if he is unable to help you recover compensation from your opponent. On the other hand, 100% compensation guarantee means that you will be entitled to receive full compensation if you win. But, it is also important to note that both of these may not be available for all types of claims. For example, in the case of clinical negligence claims, your injury lawyer may agree to handle your claim using this scheme, but he may not be able to give you a 100% compensation guarantee.
No win no fee also comes with terms and conditions which must be adhered to. Remember, it is important to read the fine print before starting a claim. No win no fee is basically an agreement, so you can expect certain terms and conditions laid out by your injury lawyer. Be sure to read these terms and conditions and understand them. Read to find out if you are getting a 100% compensation guarantee. If you are not, then find out how much your injury lawyer will deduct from your compensation if you win.
If you don't get a 100% compensation guarantee, you can expect the injury lawyer to deduct up to 30% of the compensation award in case you win your claim. It is also essential to find out if you will be required to take out an insurance policy. Will you be required to pay legal costs if you lose your claim? This is another thing that you must understand about your now win no fee claim.
Are you looking to make an injury claim? Visit our website which provides impartial legal advice and puts personal injury victims in touch with top rated No Win No Fee personal injury lawyers in the UK.
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