Areas of Law / Personal Injury

Four years ago I was involved in a car accident in which I was the innocent party. In December I was awarded £10,000 for injuries and other damages, and a cheque for £1,000 has been sent to me with the balance to come from the courts. Am I entitled to interest on the £10,000 from the date of the accident?

You are entitled to interest on your financial losses from the date of the accident to the date of settlement, and interest on your injury award from the date of service of court proceedings to the date of settlement. This money is included in the settlement, and so the £10,000 includes interest. If the court is slow in paying out the balance of £9,000 you may be entitled to additional interest earned on the money from the date of the settlement.

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