If your cycling accident has left you struggling financially, you may be able to request an advance or 'interim payment' to help cover your medical bills, loss of income, or other living expenses while you await your final compensation.
An interim payment is a portion of your claim that is paid before the case is fully settled, offering crucial financial support during a challenging time.
What is an interim payment?
An interim payment is a partial upfront settlement of your compensation claim, meant to help you manage financially while the legal process continues.
The amount you receive in the interim is deducted from your final compensation award. While the amount of the interim payment isn't fixed, it is designed to ease your financial burdens until the claim is fully resolved.
When might an interim payment be possible?
Interim payments are typically granted in cases where an injury leaves you unable to work or with immediate financial needs.
For example, if you require specialist therapy, home adaptations for a disability, or mobility aids after your cycling accident, an interim payment can help cover these costs. It can also help pay for ongoing medical care or bills if you are temporarily unable to earn an income due to your injuries.
How do I apply for an interim payment?
To secure an interim payment, your personal injury solicitor must demonstrate that you have an urgent financial need and that the defendant is likely to be found liable for your injuries. If the defendant has already admitted liability, your solicitor can often negotiate or arrange for an interim payment directly with the defendant or their insurer.
However, if the defendant disputes liability, your solicitor will need to apply for an interim payment order from the court. This involves showing the court that there is a strong likelihood of the defendant being held responsible for your injuries and the financial losses resulting from the accident.
How much could I receive as an interim payment?
The amount granted for an interim payment depends on several factors, including the severity of your injuries and the value of your overall claim. While it’s not intended to cover the full compensation amount, the payment should be sufficient to help you manage essential expenses while you await the final settlement.
See also:
Calculate my injury compensation
Speak to us about getting an interim payment
If you're facing financial difficulties due to a cycling accident, an interim payment could provide essential relief while your personal injury claim is ongoing.
Interim payments can be a lifeline when an injury recovery disrupts your income. Our panel of expert solicitors understands how essential timely support is, working to secure interim payments that cover urgent expenses while your claim progresses.
If you think you may need an interim payment or want to learn more, contact us today for advice on how we can assist with your no win, no fee cycling injury claim.
Written by Chris Salmon on 23rd February 2023