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There are approximately 15.5 million trucks in the U.S., many of which are operated by overworked truck drivers and carry hazardous cargo. With so many trucks on the road every day, it only takes one mistake to cause a catastrophic accident. Typical commercial semi-trucks weigh around 20 to 30 times more than a passenger car, and the risk of severe injury or death is significantly higher with truck accidents. Victims and family members can suffer serious financial, physical, and emotional trauma in the aftermath of such devastation. Recovery times are frequently much longer after a truck accident. The medical attention required also tends to be more extensive than needed after a typical accident between two passenger cars.
Vehicle repairs and medical costs for victims can mount in a very short period. Often, injured parties are unable to work for a long time after such an accident, making it very difficult to stay financially stable. Additionally, it can take months or years for any lawsuit to culminate in a settlement agreement or a jury’s financial award.
The specialists at The Legal Funding Group are well aware of the time delays and mounting costs that victims face when pursuing a truck accident lawsuit. This is why we offer truck accident lawsuit loans to help plaintiffs make it through such difficult times. With our funding options and quick application process, we can help struggling individuals obtain the cash they need while waiting for their settlement payout.
Instead of feeling pressured to take the first low settlement amount offered by an insurance company, plaintiffs who receive our truck accident legal funding have the luxury of allowing their attorneys the time to fight for maximum compensation.
What to Do After a Truck Accident
Contact Law Enforcement
The traffic collision report that a police officer will create from evidence at the scene can prove invaluable in establishing liability for a potential lawsuit. This report should help document the at-fault party and any citations given and provide a record of physical injuries and vehicle damage.
Gather Information
Make notes of all involved parties and witnesses. Write down names, insurance information, license plate numbers, phone numbers, accident location, and witness comments. Using a cell phone, take pictures or videos of all injuries and property damage. This type of evidence can significantly increase the chances of winning a lawsuit.
Get Medical Attention
It is not uncommon for an accident victim to be unaware of injuries immediately following a wreck. At times, concussions or whiplash do not display symptoms until several days later. For this reason, a crash victim should see a physician as soon as possible for proper diagnosis and treatment. Medical records detailing such injuries can prove the extent of physical damage and the pain and suffering endured by the accident victim.
Contact the Insurance Company
Some insurance companies require their policyholders to immediately report an auto accident for coverage of the incident to be effective. Individuals reporting their involvement in such an accident should be extremely cautious in discussing the incident with insurance representatives. It may be best to first consult with a lawyer before verbally handing out detailed information or signing documents as a precaution.
Consult With a Truck Accident Attorney
The proper accident attorney can give appropriate guidance for maneuvering through the “ins and outs” of a complicated legal situation. With sufficient experience and success, the right law firm can hold negligent parties accountable for the carelessness that caused the accident.
Truck Accident Damages
A legal professional can help truck accident victims determine what insurers should be offering as a fair settlement. The following damages may be recovered through a successful lawsuit:
- Medical Expenses – Hospital bills, physical therapy, medication, and medical equipment connected with the accident injury can be compensated. Current and future medical expenses may be included.
- Lost Income – Income lost as the result of missing work due to accident injuries can be compensated.
- Pain and Suffering – If the negligent party is proven to be at fault and liable for the accident, the victim’s pain and suffering may be compensated.
Truck Accident Legal Funding Options
The Legal Funding Group can offer help through cash advances during any phase of the truck accident lawsuit process. Regardless of whether the financial need arises before a settlement is reached or after the case is settled, we can help. Our objective is to provide financial assistance that allows victims and their attorneys to achieve a successful lawsuit outcome effectively. Common legal funding options include:
Pre-Settlement Funding
Some lawsuits take many months or even years to finally be resolved and for settlements to be reached. Because of such lengthy time frames, accident victims can find themselves facing devastating financial situations. Our clients are offered a way to offset these financial woes and pay outstanding medical bills, attorney charges, and household living expenses. Our truck accident pre-settlement funding will help plaintiffs remain financially solvent while their legal cases get resolved.
Post-Settlement Funding
This option allows plaintiffs to receive financial assistance while waiting for lawsuit proceeds to arrive. At times, a legal case will be resolved, but the payout is held up for one reason or another. With post-settlement funding, an accident victim is not further victimized if the defendant files for an appeal, delaying the lawsuit process further.
Cash Advances
With this option, plaintiffs will get funds equal to the full amount of compensation expected in the lawsuit’s successful resolution. Plaintiffs can be freed from the tremendous financial stress that an ongoing legal battle produces.
How Much Truck Accident Legal Funding Is Provided?
First, it is important to clarify that no credit check or credit history is required for a plaintiff to be considered for truck accident lawsuit loans. Our clients are approved based upon their legal case’s strength, not on financial history nor income.
Additionally, we will work directly with a plaintiff’s lawyer to review the claim while focusing on specific case details, including:
- Liability – Is the fault clear? Was the incident well documented with reports from medical providers, law enforcement, witnesses, and pictures and videos?
- Damages – How severe are the injuries from the accident? Major injuries resulting in lost wages and high medical expenses often increase compensation amounts.
- Insurance Coverage – If a commercial policy covers the accident location or vehicle, there is usually sufficient coverage to pay most claims.
Qualifications for Truck Accident Legal Funding
To qualify for a truck accident lawsuit loan, the following requirements must be met:
- An attorney has been hired on a contingency fee basis.
- There is a claim with merit against an insured party or self-insured entity.
- Plaintiff is over 18 years old.
After the accident victim completes our application, we will contact the attorney. Upon approval, we can deliver funding to the applicant in less than 24 hours.