What is a Road Accident Fund claim?

It is interesting to see that many people do not know what the Road Accident Fund (RAF) is or what a Road Accident Fund claim is.

A Road Accident Fund claim, is a claim which you can institute to recover compensation if you sustained a bodily injury in a motor vehicle accident on South African soil. Eligibility to claim is fault-based. That means, if you are the sole cause of the accident you will not be able to claim. Passengers can always claim since they are not the drivers and therefore it is impossible for them to have been the sole cause. Many people ask why is this the case? The RAF act is so written to stop people from purposefully causing an accident and then claiming damages as a source of income.

In summary, the RAF is responsible for providing​ appropriate cover to all road users within the borders of South Africa. Furthermore, the RAF actively promotes the safe use of all South African roads. This is the interpretation of Section 3 of the RAF Act that stipulates: “the object of the Fund shall be the payment of compensation in accordance with this Act for loss or damage wrongfully caused by the driving of a motor vehicle”.

What can you claim from the Road Accident Fund?

  1. Firstly, past and future loss of inco​me or earnings which includes support for a dependent of a deceased victim.
  2. Secondly, general damages for pain, s​uffering and disfigurement in the case of bodily injury.
  3. Thirdly, past and ​future hospital and medical expenses. Necessary funeral expenses are also covered.

You can submit your RAF claim for compensation directly to the RAF or you can claim via an attorney. Our advise is to get in contact with a reputable attorney. Please see our previous article, CLAIMING DIRECT VS. USING AN ATTORNEY on more details around which route to follow.

If you do not know a RAF attorney, please contact us and we will recommend one to you.

Why wait for your RAF payout on your settled RAF claim?

Once you have instituted your claim your attorney will help you to settle your claim. After that, you will have to wait for the RAF to pay-out your money. This can take a number of months. Many claimants are in financial dire straights and simply cannot wait that time. Fortunately, companies exist that bridge the gap between the time that your claim is settled and the time that the RAF pays out your claim money.

This service is advertised as any of the following by various marketers/companies:

  1. An advance on your RAF claim.
  2. A loan on your RAF payout.
  3. Cash on your settled RAF claim.
  4. Bridging finance on RAF claims.
  5. Instant money on RAF pay-out.
  6. RAF Loans.
  7. Road Accident Fund loans.
  8. RAF bridging loans.
  9. Road Accident Fund Bridging Loans.

Bridging Finance is when you sell your claim for R x amount and in return you will get R y amount now. That means it is not a loan or an advance, but actually a sale agreement (also referred to as a discounting agreement).

We specialize in providing this RAF bridging finance service. WeBridge does not provide RAF Loans of any nature.

We can however assist you in a very short amount of time to get some money in your pocket with RAF Bridging Finance.

How do I apply for money on my settled RAF claim? 

It is as easy as sending us an email indicating you need money on your RAF claim. We will then call you to answer any questions you might have. You will need to submit your FICA documents to us. We will create the contract for your review and signature. No need to complete any paper forms. We do all of that on your behalf!

Alternatively, you can complete the online application form and upload the required documents. Please note however that in order to qualify your claim must be settled and you must have instituted your claim to the RAF via an attorney.

Summary

We trust you now know what a Road Accident Fund claim is, what you can claim for and how to apply for money on your claim. If you are still unsure, do send us an email to support@webridge.co.za .

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