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Being involved in an accident is a terrible experience. And then struggling financially afterward is also horrible. This entire process can be emotionally draining as these financial claims can take years to get settled, as claiming from the Road Accident Fund is not a quick process. Fortunately, a Road Accident Fund bridging loan can help. It can give financial assistance when you are waiting for RAF payouts and need the money urgently.
A Lengthy Process
Claiming from the RAF can be a very long and tiring process. It can be emotionally draining as you do not
only have to deal with the financial issues but can have emotional and physical trauma as well. On
average, it takes three to six years for the RAF to pay out a claim.
With the assistance of your lawyer, you must collect evidence to support your claim. This will include
documents like accident reports, witness statements, and medical records. It’s essential to be thorough,
so this step can take a few weeks or months. Once the documentation is ready, your claim can be
lodged using the appropriate RAF claim forms. Your claim will be registered on the official RAF claim
system. This can take up to a week.
The RAF will investigate your claim based on your evidence. They get granted 120 days to do this.
Unfortunately, the RAF investigation may miss the deadline by weeks or even months. When the 120-
day investigation has ended, your attorney will issue the RAF with the summons. Now your case is going
to be pursued in court. Now a trial date can be set. Again, this can take months to set up.
Depending on the circumstances, the whole trial process can take even longer. Even after your claim has
been settled in court and the RAF is ordered to pay your compensation, this process can take months
and you have to wait even longer to receive your funds.
Financial Assistance
But there is some good news. A company like RAF Bridging loans will be able to assist you financially in
these stressful times. Road accident Fund Loans can help you while you are waiting for your RAF payout.
To apply for an RAF claim advance, you must have a settlement agreement or court order and provide
them with your attorney details.
With RAF bridging loans you can get an advance of up to 75% of your claim value and a three-day
approval. You apply online, sign the loan agreement and you can get your money within 3 days. In order
for you to get an advance on your RAF claim, you have to use a lawyer to lodge your claim. When you
are going through stress and emotional trauma an attorney can make things a little bit easier. They can
make complicated matters easier and more understandable; they can negotiate more money and they
can even approve you for RAF advance funding.
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Doctors and hospitals are there to provide medical care and life-saving interventions for patients, but unfortunately sometimes things go wrong. This is particularly true for government hospitals in South Africa where standards of care, hygiene and equipment are below what is acceptable. While doctors simply cannot prevent negative outcomes for every single patient, they are required to adhere to a strict code of ethics and standards of practice to prevent putting patients at risk.
Who do you submit a medical negligence claim to?
If you have been a victim of medical negligence by a doctor or hospital, you will open a civil case at the High Court to claim for damages. You will either be suing a doctor or a hospital. When suing a hospital, the hospital or State (if a government hospital) are held liable for the negligence of staff employed by the hospital.
What constitutes medical negligence?
- the healthcare provider or hospital was legally responsible for providing the patient with care
- the healthcare provider or hospital breached their obligation to provide a level of care that meets regulatory standards
- the breach in care resulted in serious injury or death to the patient
- the injury to the patient resulted in financial loss and emotional trauma
Common cause for claims include:
- inadequate patient records
- failure to disclose risks to the patient
- failure to follow correct treatment protocols at the correct time
- poor monitoring of patient (development of infections, worsening condition, secondary health issues, death)
- birth injuries
When are you legally able to submit a medical malpractice claim?
When you sign your admission forms, you often sign an indemnity or disclaimer thus waiving your right to sue the healthcare provider or hospital by knowing all the associated risks. However, if the above misconduct causes can be proven, you have a good chance of opening a case against the healthcare providers or hospital.
How soon must you make a medical negligence claim?
You must submit a medical negligence claim within three years of the incident occurring.
Damages you can claim for
- Medical expenses
- loss of income
- compensation for chronic pain, emotional trauma and suffering
if you need to sue a doctor or hospital we are able to connect you with a medical malpractice attorney. If your medical negligence claim has been approved, we can also give you an early cash advance while you await payment.
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When investigatingsolar power systems for your business, it is important to assess all the finance options available to you. The route you take finance-wise depends on your business’s cash flow, budget and projections. Let’s explore some of thesolar power finance options available to your business.
Upfront Payment
If your business has the capital and good cash flow, you could afford to pay the costs of installation upfront. Paying the full amount for your newsolar power system upfront has the benefit of helping you avoid paying any interest and potentially enjoying the cost-saving benefits sooner. Sometimes when paying the full amount upfront, you are able to negotiate a discount with the installer.
Business Loan
If your business is not in a position to fork out the upfront investment on asolar power system, you can look into applying for an unsecured business loan to fund the project. If your business has made more than R1 million in turnover in the past year and has been trading for over 12 months, you canapply for an unsecured business loan of between R50k and R3 million.
Solar Power System Rental
Another innovative finance solution is the rent to own model orsolar power system rental model of finance. You will apply for solar power installation and pay a monthly rental to the installer for your solar power system for an agreed period of time. You can enjoy the cost-saving benefits of solar power from day 1 without a massive initial investment.
Interested in applying forsolar power system rental? Fill out our application form and our installer will be in contact with you with the next steps.
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Have you been looking into investing in asolar power system for your business? You may be wondering what financing options are available to you. With the tough economic climate and exorbitant energy prices, many businesses simply cannot afford the hefty lump sum payment that comes with installing acommercial solar power system. Did you know thatsolar roof rental is an option for most businesses? If your business has a roof, thensolar site leasing is a viable option for you.
What is solar site leasing?
Essentially,solar site leasing is renting out unused space such as your roof, parking lot or unused property into an income-generating area by agreeing to lease the property tosolar power installers.
How does solar power roof rental work?
With the energy sector in disarray, the demand forrenewable energy continues to grow. There is a huge demand for roof space forsolar power system installation. If your business has unutilized roof space, a solar power developer will pay you an annual rental to use your roof space togenerate solar power.
The solar developer takes on all the maintenance and installation costs, so there is no pressure on you in terms of financing, maintenance and running costs.
Benefits of solar power system rental
- No equipment or maintenance costs
- Funded by a third-party solar power investor/developer
- Owner of thesolar power system will pay a set rental to the property owner annually
- Agreements are approximately 20 years long, guaranteeing passive income for decades
- You get a solar power system without an upfront payment
If you would like to learn more aboutrenting your roofto a solar developer or want an idea of how much you could earn monthly, fill in our application form and we’ll be in touch with an estimate.