Placeholder Replace 17

What is a Letter of Protection?

After an accident, you or one of your loved ones may be suffering from injuries and you may be concerned about how to pay for necessary medical treatment. In many cases, injury victims can cover their medical treatment with a letter of protection. A letter of protection is basically a lien against your personal injury case. It is akin to mortgage on property because if you decide to sell the property, the bank gets their investment back up to the amount of the lien/mortgage and the homeowner receives the remaining funds. Before you agree to sign a letter of protection, it is important to understand what it entails and what you are agreeing to. In this blog post, we will explain how a letter of protection works and how it can be beneficial in some personal injury cases.

How a Letter of Protection Works

Generally, a Letter of Protection or “LOP” is a contractual agreement between a patient and their doctor. In this contract, the doctor is agreeing to provide medical treatment to the patient. Additionally, the doctor is agreeing to not send the patient to collections for failure to pay until the conclusion of the patient’s personal injury case. The doctor agrees to provide this treatment without regard to whether the patient prevails in their personal injury claim. As for the patient, the patient agrees to pay the doctor for their work at the conclusion of the patient’s personal injury case. Simply, by executing a letter of protection agreement, your doctor is agreeing to delay collecting money on your medical care until your case gets resolved and you are agreeing to pay the doctor out of any personal injury settlement proceeds or judgments you obtain at the conclusion of your personal injury case. If you get into a car accident and sustain serious injuries, you are going to need a good healthcare plan to pay for the costs of medical treatment. Especially when personal injury protection is not enough to cover all of the medical treatment costs. Unfortunately, not everyone has excellent healthcare readily accessible to them. As we mentioned earlier, an LOP simply protects an injury victim from being sent to collections throughout the duration of their personal injury case. It also allows for the injury victim to receive necessary medical treatment that they would otherwise not be able to afford. The effect of agreeing to sign an LOP is that you essentially are reducing the amount of money you will receive once you settle or resolve your personal injury case as the funds will go to the doctor who provided you with medical treatment. While this does not make clients very happy, it is an alternative method of financing medical treatment for those who cannot afford to obtain the proper medical care or whose insurance is not adequate to cover the expenses.

Speak with a Personal Injury Lawyer in Miami Today!

The impact of an auto accident can draw distinct reactions from all types of people. When serious injuries are sustained, the impact can deeply affect the life of the person who is injured mentally, financially, and physically. While everyone reacts distinctly to being injured in a car accident, it is important to get informed on the personal injury claims process. Were you or someone you know hurt in a car crash in South Florida? Sadly, car crashes in South Florida occur at an alarming rate. It is extremely likely that you or someone you know has been involved or will be involved in a car accident at some point in your lifetime. From a minor fender bender, to a serious car accident, our team can help guide you through the process of filing an insurance claim against the negligent driver or filing a personal injury lawsuit for damages. If you have any questions or concerns about your personal injury case, contact one of our car accident attorneys! Call Our Injury Lawyers Today for a Free Consultation! Our skillful attorneys are genuinely committed to our clients. We will fight to make sure that you get the maximum amount of compensation owed to you. Let us help you get the medical care you need and fight to make sure you are compensated for your injuries! Our attorneys are ready to provide proven legal representation in pursuing your claim and stand ready to protect your rights. We are available 24/7 to give you a free, no risk case consultation.

We serve clients throughout Florida including those in the following areas:

Miami-Dade: Aventura, Coral Gables, Doral, Fontainebleau, Hialeah, Homestead, Kendall, Miami, Miami Beach, Miami Lakes, North Miami, Tamiami, and Westchester.

Broward: Fort Lauderdale, Hallandale Beach, Hollywood, Pembroke Pines, and Weston; and Palm Beach County including Boca Raton, Lake Worth, and West Palm Beach.