What is Pre-Judgement Interest and what’s Important to Know about it?

What is Pre-Judgement Interest and what’s Important to Know about it?

  • Pre-judgment interest is added on upon completing any final judgment after trial
  • This figures out to about 12% a year, or 1% a month, so that cases can settle within a reasonable time frame
  • Pre-judgment interest begins the day of the accident and ends the day of your trial
  • In general, pre-judgment interest is a factor for insurance companies in order to properly settle cases

This video was provided by Mark A. Fay, an experienced Medical Malpractice Lawyer.