On the 1st of April 2013 changes to law relating to 'no win no fee' compensation claims came into force. The UK Government has made these changes in an attempt to reduce the number of spurious compensation claims being made.
The UK insurance industry has been claiming for some time that the increase in fraudulent claims has increased the average UK motor insurance premiums by more than 20% in recent years.
However the fairness of the approach taken by the government is proving to be controversial in some legal circles.
How the changes affect 'no win no fee' compensation claims
Compensation claims made prior to the changes enabled law firms to recover their costs from the defending side. This meant that the successful claimant would always receive 100% of their compensation settlement.
From April 1st 2013, up to 25% of the victims claim settlement may be deducted to cover the claimant's legal costs. So for example, if someone is awarded £1000 compensation for an injury, they may actually receive only £750.
So effectively legal costs are now paid by the victim, rather than the person responsible for the accident. This approach is intended to reduce the amounts paid out by insurers and reduce the likelihood of spurious or fraudulent claims being made.
It is also hoped that a significant reduction in insurance claims will ultimately be passed on to the road user in the form of cheaper car insurance.
How we can help following a road traffic accident
If you have been unfortunate enough to have suffered an injury in a road traffic accident that was not your fault, our legal team will look to achieve the best possible settlement for you.
We independently help thousands of customers every year with regard to not only compensation issues, but also by providing other accident related services that may not be available to them on their existing insurance cover.
Put simply, if you have been involved in an accident that was not your fault, you are entitled to receive all the help and assistance you need to minimise the disruption caused by the collision, without you having to bear these costs yourself.
If we are able to assist you with your accident claim, we can offer the following services to you:
We can assist with your accident claim independently of your insurer
If we deal with your claim, you will almost certainly not have to pay the excess on your policy
A like-for-like replacement vehicle will be delivered to you typically within 3 hours of accepting your claim
Your replacement vehicle can be delivered to your home or place of work
Repairs to your vehicle will be arranged at an approved accident repair centre in your local area
If you would like your vehicle repaired at a garage of your own choice, we can arrange this for you
Assistance with vehicle recovery and storage costs
Legal help and assistance with other accident related issues
Costs will be recovered on your behalf directly from the at-fault drivers insurer
If you would like assistance with a car accident claim or would just like some advice, call us on 0845 676 0615 and we will be happy to help.