Another strategy recommendation from Herndon Virginia accident lawyer Doug Landau for dealing with delays caused by Insurance Companies and Defense Lawyers in dog bite, car crash, bike accident & brain injury cases

“Time is money.” So the saying goes. Injury and disability lawyer Doug Landau recommends to his clients from Ashburn, Leesburg and Sterling Virginia clients that they seek “Prejudgment Interest” in their dog bite, car crash, bike accident and brain injury cases. “Prejudgment Interest” can add up to several hundreds of thousands of dollars in a catastrophic brain injury case. It can also serve as an incentive for an Insurance Company to settle a case if they know they will have to pay more money as the case remains open. Herndon Reston area Doug Landau has cited to the applicable statutes, below, as the law specifically allows judges and juries to award Prejudgment interest so that you can make the Insurance Company and their Lawyers pay for their delays.

The Virginia Code allows a jury or a judge sitting without a jury to award prejudgment interest in an action at law. See, McCLUNG v. SMITH, 89 F.3d 829 (4th Cir., 1996) citing Va.Code Ann. § 8.01-382

§ 6.1-330.54. Judgment rate of interest.

The judgment rate of interest shall be an annual rate of six percent (6%), except that a money judgment entered in an action arising from a contract shall carry interest at the rate lawfully charged on such contract, or at six percent annually, whichever is higher. If the contract or other instrument does not fix an interest rate, the court shall apply the judgment rate of six percent to calculate prejudgment interest pursuant to § 8.01-382 and to calculate post-judgment interest. The rate of interest for a judgment shall be the judgment rate of interest in effect at the time of entry of the judgment and shall not be affected by any subsequent changes to the rate of interest stated in this section.