The capital (settlement amount) usually takes 180 days, from the court date to recover from the Road Accident Fund. In terms of our fee agreement, all fees and disbursements are deducted from the first available funds and the difference is paid to the client as a first payment.
How much do you get from RAF?
According to the RAF’s annual report for 2020, the average value paid out per claim was R138,010. R826,007 was the average pay-out for loss of earnings. R482,291 was the average pay-out for general damages.
How do I claim from the Road Accident Fund?
You need to submit forms with your basic details, details of the accident and the vehicles and parties involved, as well as the amount that you’re claiming as damages. A doctor’s report, accompanied by an affidavit with police reports, witness statements, and other evidence are also required to support your claim.
How much does Road Accident Fund pay for head injury in South Africa?
R2.5 million and 100% of medical costs
In January 2020, the RAF was ordered to pay R2 578 850 and all future medical costs to a man who suffered a severe head injury in a road accident.
Does RAF pay for small injuries?
The RAF also does not pay future medical and hospital accounts/expenses but provides an undertaking that they will reimburse the injured person once the expenses have been incurred and paid for. General damages (non-monetary loss) for pain, suffering, loss of amenities of life, disfigurement, etc.
Do you pay tax on RAF claim?
RAF payments are not taxable as they are seen to be insurance similar to a life policy.
How long does it take for a claim to be paid?
From the day your compensation amount is settled, it could take up to 28 days for you to receive your payout. But in many cases, this will be much faster. You may be able to get your compensation within just a few days after a settlement is agreed when dealing with certain insurers.
How much do lawyers get from RAF claims?
“It means that for every rand collected in revenue we spend 40 cents to disperse 60 cents. In most cases the 25% of this 60 cents is paid to the lawyers as “success fees” for represented claims. “The claimant, therefore, gets only 45 cents in every rand collected.
How much do lawyers charge for RAF claims?
An Attorney is entitled to a Maximum of 25 % of the settled amount. This will mean that the Attorney can charge (25% of R100 000.00).
Can I claim RAF after 5 years?
How soon after the accident does a person need to lodge a claim with the RAF? A claim must be lodged by the claimant within three years from the date of the accident or from the date on which the claim arose. This does not apply to a claim by a child under the age of 18 years old.
Can RAF reject a claim?
The RAF also has to be satisfied that your injury is ‘serious’ before you are entitled to be paid for pain and suffering. The RAF may reject your claim either on the merits or as not being ‘serious’. They can also decide that the accident was partly your fault and offer you only a percentage of your loss.
Does RAF pay the driver?
How much does the RAF pay? For accidents that occurred on or after 1 August 2008, claims for loss of earnings and loss of support (both present and future) are capped at a prescribed amount, set at R160 000 per year in 2008 and adjusted quarterly since then to account for inflation.
How is injury compensation calculated?
Your compensation will be calculated by adding together: General damages – awarded for pain, suffering and loss of amenity (PSLA), and; Special damages – awarded for any financial losses or costs you have incurred.
Can I claim for broken ribs?
You could claim compensation for broken ribs suffered in a car accident if it wasn’t your fault. Slips, trips and falls in public places such as restaurants and cafes can lead to chest injuries, especially if you’ve fallen onto or against something.
How does RAF payment work?
How does RAFPay work? RAFPay offers an upfront cash payment against a valid Road Accident Fund court order or settlement agreement. Once the Road Accident Fund pays your lawyers, the monthly RAFPay charges will be taken off in one amount and you will receive the balance of your money in the final payment.
How much does RAF pay for whiplash?
A whiplash injury may merit a payout of R100 000 for General Damages, while a broken leg could result in a claim of R400 000 and a serious brain injury as much as R2 000 000. These amounts are for General Damages only and not past medical & hospital expenses or past and future loss of income.
How much does RAF pay for knee injury?
The minimum amount generally paid at this stage starts at R150 000. The balance is settled once the RAF pay-out has been received. The final payment will depend on the time the RAF takes to settle the court order, with average total pay-outs around R800 000.
Can you claim RAF without a lawyer?
The Road Accident Fund is encouraging potential claimants to claim directly from them instead of using a lawyer. The fund lists three steps for claiming: compiling documents, completing forms and then submitting them.