Motorcycle Accident Lawsuit Loans

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24 Hour Motorcycle Accident Lawsuit Loans

The Provident Legal Funding team works hard to get plaintiffs funding on their claim in as little as 24 hours. With your attorneys help, we can get you cash fast.

After you apply, we reach out to your attorney to gather information about your case. If your attorney or case manager is able to speak to us about the case over the phone, we are sometimes able to have funding decisions in minutes.

For larger funding amounts, we collect some basic documentation that shows the strength of your case. Typically, we like to see a traffic accident report, witness statement or photos of the accident to establish liability.

To understand damages, we typically review basic medical records and tabulate your total medical expenses to-date.

Once we have a full case file, we can review your case fairly quickly. Once approved, we offer various delivery options that can get cash to you in as little as 10 minutes.

Do I Qualify For An Accident Lawsuit Loan?

If you are in the middle of a motorcycle accident lawsuit, there is a pretty good chance that you already qualify for a lawsuit loan. Even if your legal action is in its infancy, it’s pretty easy to determine if you are qualified. Just ask yourself these three questions:

  1. Is the other party liable? – Generally, a police report will declare who is at fault on the scene. If that’s the case, approval will be easy. To offer such low rates, lenders can only accept clear cut cases, as to eliminate risk.
  2. Have you hired an attorney? – If you haven’t hired legal counsel yet, that needs to be your first step, and they must be willing to work on contingency. If number one is true, then finding a attorney on contingency will not be a difficult matter.
  3. Have you been injured? – Physical injury is crucial for us to be able to assign a value to your case. Damages like emotional trauma can be hard to measure, and therefore are impossible to assign a dollar amount to.
  4. Is there adequate insurance coverage? – While the actual insurance policy limits may not be made available until discovery, with serious injuries, policy limits are an important consideration. If the car that hit you is a government or commercial vehicle, this is less of a hurdle. Also, uninsured or under insured motorist coverage (UIM) can be a life-saver.  If you were struck by a private vehicle, don’t have UIM and policy limits are not yet known, most lawsuit funding companies must assume state minimum policy limits.

If you answered yes to these questions, you are easily qualified for a lawsuit loan. If you answered no to anything but number two, in which case you just need to go hire an attorney, securing legal funding will be difficult. Lenders cannot maintain low rates if they are taking on higher risk cases.

Motorcycle Accident Lawsuits

Depending on the insurance policy limits of the defendant, even with substantial damages, your lawsuit value might be constrained. If the defendant is a commercial or government entity, or has substantial insurance coverage, then it is more likely you will have a large payout.

Given that a motorcyclists’ safety equipment is limited compared to that of a modern car, motorcycle accidents often involve catastrophic injury and fatalities. While helmets and other safety equipment can greatly improve your chances of coming away with fewer injuries, many states do not require helmets and other safety gear for motorcycle riders.

Motorcycle Accident Injury Statistics

According to IIHS, Motorcycle accidents have been on the rise as a percentage of auto accidents. The main reason for this is heightened safety of modern cars. While motorcycle safety equipment has improved over time as well, there’s only so much that can be done. A modern chassis, airbags and seat-belt go a long way to prevent fatalities.

The NHTSA estimates the motorcycle fatality rate to be as high as 55.5 per 100,000, as compared to about 1.2 per 100,000 for standard motor vehicles.

 

Common Personal Injuries

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