With the ever-increasing cost of gas prices and the economic efficiency associated with companies like Uber and Lyft, rideshare services have become a popular alternative to daily travel.
However, the number of motor vehicle incidents involving ride shares is also on the rise. If you have been seriously injured in a rideshare accident, you may be entitled to compensation for your damages. While you go through the insurance and civil claims process, your family may continue to struggle.
Get the financial relief you need when you contact High Rise Financial to discuss legal funding for rideshare accident lawsuits. Apply now or reach out to our team of loan specialists to discuss your eligibility status.
Recoverable Damages in Rideshare Accident Lawsuits
Rideshare accidents have been known to permanently alter the course of injury victims’ lives. For this reason, victims are often entitled to recover compensation for every single way their lives have been affected by their injuries.
There are many types of damages you could recover in your lawsuit. Some of the more common types of economic damages awarded in a rideshare accident lawsuit include:
- The injury victim’s inability to continue working
- The injury victim’s loss of 401(k) or retirement savings contributions
- The injury victim’s loss of potential salary increases or bonuses
- The injury victim’s medical expenses and future medical care
- The injury victim’s vehicle repair costs or other property damages
- The injury victim’s child care expenses
- The costs of hiring someone to maintain the home
Economic damages are not the only loss rideshare accident victims have the right to recover. You might also be awarded non-economic damages. These do not have specific dollar amounts, so your attorney will need to quantify them accordingly. Examples of non-economic damages awarded in rideshare accident lawsuits include:
- The inability to continue maintaining relationships with friends and family
- Chronic pain resulting from the rideshare accident victim’s injuries
- Difficulty coping emotionally and psychologically with the trauma of the experience
- Embarrassment and feelings of shame surrounding disfiguring burn injuries and scarring
- The injury victim’s limited and reduced quality of life
Furthermore, punitive damages may be awarded in rideshare accident claims. However, this is typically only the case when the court system finds the defendant’s conduct was intentional, done in malice, or grossly negligent.
Statute of Limitations for Rideshare Accident Claims
You may have a limited amount of time to move forward with your rideshare accident case. The statute of limitations for claims of this nature can vary widely depending on what state you live in. For example, if your rideshare accident occurred in Florida, you might have a maximum of four years to pursue your claim under Florida Statutes §95.11.
However, if your rideshare accident occurred within Massachusetts, the statute of limitations may be limited to just three years under Massachusetts General Laws Chapter 260 §2A.
Other states have a much shorter statute of limitations in place that could limit the amount of time you have to move forward with your case even further. If you hope to avoid being barred from having your case heard, make sure you get started on your rideshare accident claim as soon as possible.
How do Pre-Settlement Lawsuit Loans for Rideshare Accidents Work?
Although you have the opportunity to recover compensation for your damages in a rideshare accident settlement, the claims process could take substantially longer than you might have thought. Many people are quick to assume that they can start working with an attorney and recover the funds they need in a matter of weeks or even months.
Unfortunately, it could be years before you see the compensation you are entitled to. What is your family supposed to do while you wait for your settlement to come in? The answer is simple.
Reach out to High Rise Financial for a pre-settlement lawsuit loan for your rideshare accident settlement. Here, you can access a portion of your injury settlement ahead of time. You do not need to wait for your injury settlement to come in to get the financial help you need.
With a lawsuit loan, you can cover your expenses and begin to move forward with your life now. There is no need to wait for the defendant or insurance company to be ready to pay out on your case when you have High Rise Financial on your side.
When do You Pay Back Legal Funds for Rideshare Accident Lawsuits?
Is taking out a lawsuit loan really in your best interests if you are struggling with financial instability? Although this is a valid concern, one of the best things about rideshare accident legal funding is the fact that you only have to pay back your lawsuit loan if your attorney wins your case.
These types of loans are considered non-recourse. The only way they can be paid back is with your incoming settlement. If that settlement does not come in, you are not expected to cover the costs of your pre-settlement funding. Once your attorney wins your case, they will use your settlement funds to pay back your lawsuit loan on your behalf.
Restrictions on Rideshare Accident Legal Funding
There are no restrictions on what you can spend your rideshare accident pre-settlement funds on. Rideshare accident victims have reportedly spent their lawsuit loans on a wide variety of expenses, such as:
- Daily living expenses
- Household expenses
- Vehicle repairs
- Medical bills
- Outstanding debts
- Cost of a rental car
Apply Now for Rideshare Accident Legal Funding Today
Legal funding for rideshare accident lawsuits could be your best option when you have a pending rideshare accident settlement but need an advance on those funds.
If you are interested in exponentially reducing your financial struggles, fill out our online application or contact High Rise Financial to discuss your rideshare accident pre-settlement funds. You can reach us by phone or through our quick contact form with questions and concerns.