Legal Funding for Motorcycle Accident Lawsuits

Recent crash statistics from the National Highway Traffic Safety Administration (NHTSA) show that over 5,000 motorcyclists died in traffic accidents in 2020. Riding a motorcycle can be dangerous and even life-threatening, especially if an accident occurs. 

Additionally, more than 80,000 motorcycle riders are injured in the U.S. annually due to traffic collisions. If you were injured in a motorcycle accident, you might have already filed a lawsuit against the negligent party. 

However, while you’re building your case and negotiating for compensation, your damages and financial obligations continue to mount. Get legal funding today from High Rise Financial to protect yourself from economic hardship. 

How does Legal Funding Work?

Legal financing is different from traditional bank loans because the cash you receive is your own. It is not money borrowed from a lender; it is early access to the settlement that you will receive at the end of your lawsuit. 

If you have a strong case and a high probability of winning your suit against the party that caused your motorcycle accident, you can receive up to 20% of your projected settlement. 

When you apply, we will evaluate the details of your lawsuit to determine its value and calculate the amount we can offer. 

You are not responsible for paying back this money. It is yours to keep if you lose your case. On the other hand, if you win, your attorney will use a portion of your settlement to reimburse us for the legal funding, plus applicable fees and interest.

Winning Your Motorcycle Accident Lawsuit Takes Time

Most lawsuits are not resolved quickly. It can take months or years to negotiate a fair settlement for your motorcycle accident. Several factors contribute to how long it takes to win compensation.

Completing Medical Treatment

In most cases, lawyers will recommend a victim wait to file their lawsuit until after their medical treatment is completed. Yet, if ongoing therapy is needed, you should wait until your acute injuries are healed, and you have a realistic idea of how much your long-term treatment will cost.

Filing a lawsuit before completing medical treatment makes it challenging to get all the compensation you deserve. For example, if you settle too soon, you could wind up paying for your medical fees out of pocket. 

That’s because once the case is decided, insurance companies aren’t obligated to provide you with additional reimbursement. How long this will delay your settlement depends on the severity of your injuries. 

Motorcycle accidents sometimes cause devastating and severe injuries that take many months to heal completely. As a result, it could take many months for your treatment to conclude before even beginning your claim.

Building a Solid Case and Collecting Evidence

While you must be aware of the statute of limitations that determines how soon you need to file, you should also take the time to prepare thoroughly before submitting your claim. You will have to work with your personal injury attorney to collect evidence related to your accident and build a strong case.

Going into a lawsuit with no evidence to back you up will practically guarantee that you get a low settlement. Taking the time to build up a solid case to support your lawsuit is worthwhile, even though it lengthens the amount of time it takes to get a settlement.

A Notoriously Slow Court System

Many courts are invariably overwhelmed by cases, and there’s a chance the judge will not hear your personal injury case in a timely manner. It’s not uncommon for personal injury lawsuits to last several years.

Even after your motorcycle accident case resolves, it can take several more months to finally receive your settlement or court-ordered award. Pre-settlement funding for a motorcycle accident lawsuit can alleviate worry and provide the cash you need to cover your bills and damages.

Benefits of Legal Funding

All the legal funding we provide is non-recourse. According to the Internal Revenue Service (IRS), non-recourse means debts that an individual isn’t liable for. In other words, you don’t have to pay us back for your legal funding if you lose your case.

In addition, qualifying for legal funding is fast and easy. You can be authorized within 24 hours, and we don’t require financial documents or a credit check. All we need are basic details about your personal injury lawsuit and other supporting information.

Qualifying for Pre-Settlement Legal Financing

Since legal funding is non-recourse, you do not need to prove your financial merit or ability to pay us back to qualify. Therefore, the only requirements to apply for motorcycle accident legal funding with us are that you:

• Were injured in a traffic accident that was another driver’s fault (in some states, you can seek compensation even if you were partly to blame for your injuries)
• Are filing a personal injury claim in court against the other driver to seek compensation for your losses
• Have an attorney representing you on contingency who agrees to cooperate with your legal funding application and repayment

Don’t Let Insurance Companies Take Advantage of You

Insurance companies and defense attorneys know that the financial burden you have after an accident can be crippling. They will use this to their advantage by lengthening the settlement process. 

The economic pressure you face while your case drags on can become so overwhelming that you have no choice but to settle on their terms.

In fact, insurance company representatives will always try to get you to settle for less. This is because their interests lie in saving money by providing you with the lowest settlement they can give. 

You shouldn’t let them take advantage of your physical and financial state after something as devastating as a motorcycle accident. Instead, you can fight back with pre-settlement legal funding and maximize the amount of compensation you can win.

Talk to One of the Financial Experts at High Rise Financial Today

Legal funding from High Rise Financial can help if you need money quickly to pay off your financial obligations, including medical bills and other expenses. 

Once you relieve your financial pressure, you and your attorney will be free to fight for the best possible settlement in your motorcycle accident lawsuit.

There is no risk and no obligation when you reach out to our team of financial experts. Contact us today so that we can evaluate your case, calculate your legal funding amount, and have the money in your bank account within one business day.