People who ride motorcycles are 27 times more likely to die and five times more likely to be injured than people riding in cars, according to the Insurance Information Institute. If you have been injured while riding your motorcycle, waiting for a payout from the insurance company can be overly time-consuming. Insurance companies are in no hurry to pony up the cash you deserve for your injuries and waiting on a settlement often means doing without money you need to pay bills. Motorcycle accident settlement funding can help. This funding provides an advance against your settlement you can use for rent, mortgage payments, utilities, and other expenses until the insurance company makes its move or the courts rule in your favor.
The Litigation Process and Motorcycle Accident Pre-Settlement Funding
Litigation involving motorcycle accidents is never speedy. While most insurers try to lowball motorcycle accident victims into accepting less than fair value for their injuries, they are in no hurry to negotiate with you and will keep you waiting in order to save money. In the meantime, you are left to deal with head, back, and neck injuries, or even life-altering whiplash, spinal cord trauma, fractures, and concussion injuries. Trying to work while you're injured can cause more damage which is why motorcycle accident pre-settlement funding can provide a needed lifeline to get money in your hands faster.
Benefits of Motorcycle Accident Litigation Funding
This type of funding, unlike a traditional insurance settlement payout, is available readily after the approval of your funding application. Most people have their money within a day or so of approval. Because the money extended to you is an advance, not a loan, there are no payments due on the funds you receive until your case is decided favorably in the courts or a reasonable offer is accepted with your insurer. If the insurer rejects your case and the court doesn't decide in your favor, you don not owe the funding company anything.
Do You Qualify for Motorcycle Accident Settlement Funding?
If you are among the 92,000 motorcyclists injured on the roadway each year, a quick review of your case is all we need for motorcycle accident settlement funding. An underwriter analyzes your case details and makes a determination of your eligibility based on the strength of your claim which is not contingent on any credit or employment factors. Find out more about the process and how to get started today by contacting Lawsuit Funder.