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