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Personal Injury Claims in Alberta: A Solution for Mitigating Damages

BridgePoint's Treatment Financing Solution

November 26, 2021

Over the past few years, navigating a personal injury claim has become increasingly challenging in Alberta, as insurance adjusters deny treatment, and the treatment facilities are reluctant to run an account. The Alberta government is also attempting to institute “no fault insurance” which will remove the right to sue for pain and suffering.

As of November 1, 2020, a person is entitled to $50,000 for medical payments in relation to treatment under their auto policy. However, chiropractic treatment is limited to $1,000 per person and massage therapy and acupuncture are limited to $350 per person. In the majority of cases, this falls woefully short of what injured individuals require to successfully recover from their accident-related injuries. To add insult to injury, these benefits are terminated at the two-year anniversary of the car accident, leaving an injured person responsible for the funding treatment necessary for recovery at a time when they can least afford it.

BridgePoint’s Treatment Financing is designed specifically for these types of scenarios with the objective of ensuring that injured individuals can continue their necessary treatment regime. Financing can be utilized for any treatment-related services, medical devices, dental treatment and private surgeries or procedures.

Covering treatment costs now. Payment at settlement.

Unlike our standard settlement loans, treatment loans are typically administered by counsel. Available as a lump sum, funds are advanced to the law firm’s trust account to cover ongoing treatment expenses as incurred, or structured as a credit line where BridgePoint pays treatment providers directly, subject to counsel’s instructions.

Our Treatment Financing is designed to maximize the prospects of recovery of the financing costs incurred pursuant to precedent decisions. To that end, a key feature of the program is the BridgePoint term sheet that we offer to accompany the notice to the defendant. It sets out the terms of the treatment loan and can be used to put the tort insurer on notice that they will be seeking repayment, not only the cost for treatment, but also the interest associated with the loan.

If you would like to learn more about how our Treatment Financing can assist your clients, please contact us today to book your personalized information session.

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Personal Injury Claims in Alberta: A Solution for Mitigating Damages