Road Accident Fund (RAF) Claim Discounting or Bridging is an advance on your settled claim to finance any immediate expenses you have.
A Road Accident Fund Claim also known as a Third Party Claim is a claim by an individual or the dependants of an individual against the Road Accident Fund of South Africa. These claims arise where an individual suffered bodily injury, death or loss of income as a result of a motor vehicle accident caused by the negligent driving of a motor vehicle by a driver.
These claims can take years to get finalised in court or to be settled with the Road Accident Fund, which means that the claimants can be out of pocket or wait for a long time before receiving compensation for their injuries or losses. Once the matter is finalised or settled with the Road Accident Fund it normally takes about 3 months, but even up to 8 months, for the Road Accident Fund to make payment of the settlement amount. In some instances it can take even longer for the Road Accident Fund to make payment.