No win no fee is a personal injury agreement that assumed its existence in 1995. When the free legal aid was cancelled, No win No fee took its place and gained popularity. This agreement has a very simple interpretation. If you will not win your personal injury case, you will not pay any fees. This may seem a little questionable. However, it is totally benefiting. In case anything would happen to someone you know, you will know what to do to turn an unfortunate accident into a benefiting experience.
There is always the possibility that we could be participants in an accident. Even if we are cautious and responsible drivers, accidents don’t rely on just one motorist. There are lots of irresponsible drivers out there. If, in case, we would be involved in an accident that was not our fault; we are capable of receiving personal injury claims.
If the no win no fee agreement states that the losing party will not pay any fees. Then who does? Well, the insurance company does. You are known as the claimant. Before you will ever go to court, you will have to get a solicitor. Your solicitor has to understand that in case you lose the case, he will not get a fee. And, on the same note he / she will also make sure that you will take out insurance just in case.
On a happier note, if you will win, the losing party’s insurers will pay for the damages. In addition to this, all legal fees and expenses will also be shouldered by the losing party. In regards with your solicitor, he / she will be entitled to his fee and a bonus ‘winning’ fee.
Here are a few tips for you to be aware of in case you want to make a no win no fee claim. First, record everything that happened during the accident. Example: Type and model of other car, place of accident, time, weather, special details. Second, it would be best to make the claim right away. Even if the court allots you three years from the date of accident, do not let it rot for that long. And third, make sure you get a very good solicitor.
No one wants to get involved in a car accident claim. However, if such an opportune accident happens, at least we know what to do. A no win no fee agreement just may be the next best thing.