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Making a compensation claim after suffering an injury can be helpful in the financial aftermath. But what happens when you need to pay for immediate expenses? In this legal glossary guide, we’ll tell you everything you need to know about interim payments.
Key Points On Interim Payments
- An interim payment can be used to cover immediate important costs while the claim is still ongoing
- Not everyone is guaranteed an interim payment
- You need to provide a valid reason for needing an interim payment, such as having to pay for medical costs
- They can apply to all kinds of personal injury and medical negligence claims
If you’d like to learn more about making a compensation claim, we recommend speaking to one of our advisors by:
- Calling us on 0161 509 2856
- Contacting us online
- Using the live chat feature
Select A Section
- What Is An Interim Payment?
- Am I Guaranteed An Interim Payment?
- How Long Does It Take To Receive An Interim Payment?
- What Kinds Of Claims Do Interim Payments Apply To?
- How Can Advice Help You Pursue Compensation?
- Get More Information
What Is An Interim Payment?
An interim payment is an early payment of part of your compensation, used to help cover emergency expenses related to your injuries. These are only awarded in cases where there is a serious or severe injury, and a very high chance of the claim succeeding.
For example, if you were involved in a serious car crash with drunk driver and this resulted in a leg amputation, you may need your compensation sooner in order to pay for home adjustments, medical treatments, rehabilitation and prosthetics.
In this case, you may be eligible for an interim payment to help you cover these costs. Then, when you receive your final compensation payment, the amount you were given in the interim will be deducted from that sum.
Keep reading to find out more about when you might be eligible for an interim payment, or contact our team today if you’re ready to start your claim.
Am I Guaranteed An Interim Payment?
No, interim payments are not guaranteed. As we already mentioned, you need a very high chance of succeeding in your case, and the money must be used to cover immediate expenses related to your injuries.
To to get an interim payment, it must be approved by the Court. This means either you or your solicitor will apply for the payment, and the Court decides whether or not it is necessary.
If you’d like to learn more about the personal injury compensation claims process, talk to one of our helpful advisors today.
How Long Does It Take To Receive An Interim Payment?
The amount of time it takes to receive an interim payment can vary depending on a number of factors, including:
- What you need the advance payment for
- How severely you were injured
- Court processes in your area
- When you file your request
- How much evidence you have
On average, it can take a few weeks to receive a payment once your request has been approved. If you choose to claim with a solicitor, they can give you more advice on how long it could take to receive your payment.
What Kinds Of Claims Do Interim Payments Apply To?
Interim payments can apply to any kind of personal injury or medical negligence claim, including:
- Road traffic accidents
- Serious injury claims, like spine injuries and head injuries
- Cycling and motorcycle accident claims
- Pedestrian accident claims
- Accident at work claims
- Public place accidents
- Hospital negligence claims
- Misdiagnosis claims
Contact our team today to find out if you could be eligible for an interim payment.
How Can Advice Help You Pursue Compensation?
So, how can Advice help you? Our solicitors have years of experience in all areas of personal injury and medical negligence law, and they can use this experience to help you. Working with a solicitor can make the claims process feel less stressful, as they can help with:
- Understanding each step of the process
- Explaining complex legal jargon
- Ensuring everything is filed in full and on time
- Negotiating a compensation settlement
- Applying for an interim payment
What Is A Conditional Fee Agreement (CFA)?
Our solicitors provide their expert services under the terms of the Conditional Fee Agreements Order 2013 (CFA). This is a kind of No Win No Fee contract that allows you to work with a specialist without:
- Paying for their services upfront
- Paying for their work as your claim continues
- Paying for their work at all if you don’t receive compensation
If your solicitor helps you make a successful case, then they’ll take a success fee from your compensation. This is capped by law, which allows you to keep the majority share.
If you’d like to start your claim with a No Win No Fee solicitor from Advice, get in touch with our team today by:
- Calling us on 0161 509 2856
- Contacting us online
- Using the live chat feature
Get More Information
For more helpful guides:
- Find out more about what a Conditional Fee Agreement is
- Learn everything you need to know about personal injury compensation
- Learn everything you need to know about medical negligence compensation
Or, to learn more:
- Get information on the Court Funds Office (CFO)
- Learn about Statutory Sick Pay from GOV.UK
- Find out how to act as a litigation friend
Thank you for reading our glossary page. We hope we’ve answered the question, “What is an interim payment?”
