Each year, millions of people are injured in car accidents and thousands of people are killed. According to the National Safety Council, in 2018, there was an estimated car accident fatality count of 40,000 people. The most common causes of fatal accidents on the road are drunk driving, speeding, and distracted driving. Victims of these types of accidents face devastating and life-changing consequences that can result in long-term suffering.
In the aftermath of an accident, families are left with overwhelming emotional and financial struggles. Recovering from a car accident takes time and often requires medical attention and injuries that can last a lifetime. Vehicle repair bills and medical expenses pile up quickly. Victims may not be able to work in some instances due to the injuries they sustained in the accident. Lawsuits for these accidents may take months or even years before a settlement is reached.
The Legal Funding Group understands that filing a car accident lawsuit can be costly and time-consuming. While you wait for a resolution, we can help you get through this challenging time by providing car accident legal funding for your auto accident lawsuit. Our application and approval process for a car accident legal funding is quick and secure, so you can get the cash you need when you need it. You can receive car accident pre-settlement funding or post-settlement funding for your lawsuit to move forward with your daily life and get your finances in order.
Steps to Take After a Car Crash
If you become involved in a car accident, you need to contact the police right away. An officer will give you a traffic accident report that will establish liability in your case by documenting the negligence of the party at fault. Additionally, the report records any damage your vehicle sustained, as well as your injuries.
Information needs to be collected, including witness statements, insurance information, accident location, license plate numbers, phone numbers, and names. If you have a camera or a smartphone, it is recommended that you take photos of any damage or injuries. This information will increase your odds of winning a case.
Car accident victims aren’t always aware of the injuries they may have sustained. Specific symptoms, including concussions, spinal injuries, or whiplash, may take several days to appear. To prevent your injuries from becoming worse, you should visit your primary care physician right away. Detailed medical reports and documents of your injuries could act as evidence that the accident caused them and help you prove your case.
Next, you need to contact your insurance company. Insured motorists are sometimes required to immediately provide an accident report to their insurance provider to get coverage for property damage and injuries. When dealing with an insurance company, be careful. Before you sign any documents or provide them with detailed information, you should first consult an accident attorney.
Avoid the following after a car crash
- Do not start an argument with the party who caused the accident. Stay calm and make sure that everyone involved in the accident is okay, then gather any required information you will need for a lawsuit and an insurance claim.
- Never admit that you were responsible for the accident. Anything you say after an accident can never be taken back. It can be challenging to think clearly after you have been in an accident, and you don’t want to say anything that could damage the credibility of your case.
Damages in a Car Accident Lawsuit
Insurance companies will try to offer you a lowball settlement because they typically don’t have the best interests of the insured party at heart. Never accept the first offer an adjuster makes. It’s recommended that you talk to an experienced lawyer who can advise you on what type of settlement you should receive.
If your lawsuit is successful, the following damages can be recovered:
- Lost Income: Wages lost from your employer resulting from the injuries you sustained in the accident can be recovered.
- Pain and Suffering: If liability is successfully established and the responsible party who caused the accident is found to be at-fault, you can receive compensation for pain and suffering.
- Medical Expenses: Money used to cover medications, physical therapy, hospital bills, etc., can be recovered, including future and present medical bills.
Insurance Company Settlement Negotiations
Insurance companies don’t often give car accident victims a fair settlement. Car accident cases involve long, tedious discussions with insurance companies that have their own attorneys ready to fight your claim. Insurance companies may already know what your claim is worth, even if you don’t, which is why they want to resolve claims as quickly as possible. They will try to offer you a lowball settlement to take advantage of this fact.
To determine a plan of action, you (the injured party) must have your own lawyer to negotiate a fair settlement. You may think that you can handle the insurance adjusters by yourself, but an attorney who specializes in dealing with auto insurers can negotiate a better settlement for you and simplify the process. At the very least, a lawyer will determine if the settlement the insurance adjuster offers you is reasonable. However, receiving your settlement can take longer than expected.
Waiting for Your Car Accident Settlement
Our representatives at The Legal Funding Group offer car accident legal funding to plaintiffs involved in a pending lawsuit. Most requests take as little as 24 hours to approve. Lawsuit funding is “no win/no pay” (non-recourse), which is the same as your attorney.
Car accidents can leave a lasting, devastating impact on you and your loved ones. It can take years to receive a settlement in addition to the pain and suffering you will have to endure. Depending on the severity, some injuries can prevent you from working.
Car accident lawsuit loans can help plaintiffs get back on their feet by avoiding early settlement pressure.
Car Accident Legal Funding Offers Financial Relief
Legal funding for your car accident lawsuit can provide you with quick financial relief. The funds can be spent in any way you choose, but most plaintiffs use the money to pay for necessary living expenses, including:
- General living expenses
- Automobile payments
- Legal fees
- Medical bills
Car accident lawsuit loans through The Legal Funding Group are entirely risk-free. If you lose the case, you do not have to repay the loan. If you do not receive a settlement in your case, we will let you keep the money at no cost to you.
Benefits of Car Accident Legal Funding
To determine if a car accident lawsuit loan may be right for you, you need to ask yourself if any of the following issues apply to your situation. If they do, it may be wise to consider car accident pre-settlement funding.
- You sustained severe injuries in an automobile accident and lost wages from your job due to the accident.
- The insurance company is offering you a lowball settlement for your damages.
- You need quick, risk-free financial help immediately.
Applying for Car Accident Legal Funding
To qualify for a car accident lawsuit loan, you must:
- Have hired a lawyer on a contingency basis
- Have a valid legal claim against a self-insured entity or an insurance company
- Be over 18 years of age
- To estimate the value of a potential car accident lawsuit settlement, bodily injury and other kinds of damages are necessary. The severity of the plaintiff’s injuries is directly related to the value of the case and the lawsuit loan amounts.
In general, you may qualify for car accident pre-settlement funding with The Legal Funding Group if you are injured and working with an attorney.