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Bus accidents are traumatic, leaving victims facing tens of thousands of dollars in medical bills and lost wages as they take time off work to recover from their injuries. The law allows individuals injured in a bus accident to recover monetary compensation for their damages.
However, most victims do not have enough of a financial safety net to wait until their case settles to receive the money. Legal funding for a bus accident lawsuit lets plaintiffs receive a portion of their settlement almost immediately instead of waiting for their lawsuit to finalize.
Loan Versus Pre-Settlement Lawsuit Funding
Lawsuit funding, or pre-settlement legal funding, is not a loan or cash advance, like, for example – wrongful death settlement loan. Unlike a loan that must be repaid no matter what, the cash funds we provide are only repaid if and when a personal injury claim is successfully settled and the plaintiff recovers a settlement.
This funding method is a risk-free way for victims to remain financially secure while they seek justice through the courts. Additionally, the money can be used in any way that the client sees fit, including monthly living expenses.
Who Is Eligible for Cash Funding?
Most individuals injured in an accident resulting from a negligent bus driver or bus company can qualify to apply for cash funding. But eligibility requirements also include retaining legal representation and having a valid lawsuit. We can provide legal funding to bus accident victims with injuries ranging from broken bones and spinal cord injuries to the death of a loved one.
What Factors Impact Your Bus Crash Settlement?
There is no “average” bus accident settlement because each case will have different specifics that will determine your damages. The size of your bus accident settlement will be influenced by three primary factors:
- Who is liable for your injuries
- What their insurance policy is like
- The severity of your injuries
You’ll want to have clear answers to each of these questions before applying for pre-settlement funding for a bus accident lawsuit.
Establishing Liability
Bus crashes are chaotic, and injuries can occur due to actions by the driver or other drivers and passengers. In order to collect damages for your injuries, you need to clearly demonstrate which parties involved in the accident were liable for them. Establishing liability is necessary to file a claim against them and to collect compensation for your injuries.
The Insurance Policy
The amount of compensation you can receive depends on the responsible party’s insurance and the number of victims. Bus companies typically have large policies, which can increase the amount of compensation you’re awarded.
On the other hand, individual drivers tend to have much smaller policies. However, if there are multiple victims, the total compensation that each victim receives can’t exceed the responsible party’s policy limits.
Damages and Injuries
The scope of your injuries and damages you suffer as a result of your accident determine the amount of compensation that you can claim. In general, the more severe your injuries, the more you can claim from the responsible party, and the more you can receive for your bus accident lawsuit legal funding.
How Common Are Bus Crashes?
Bus crashes are fairly common, with the Federal Motor Carrier Safety Administration reporting 15,000 accidents that led to 25,000 injuries in 2017 alone. However, bus accidents lead to far fewer fatalities than other types of road accidents. The Bureau of Transportation Statistics reports that in 2019, out of 36,096 total roadway fatalities, only 35 were bus occupants.
Bus driver fatigue and negligence by the bus driver or the company that employs them are some of the most common causes of accidents. Drivers of passenger vehicles are also responsible for many bus collisions, often due to neglect or a failure to yield. Poor weather and dangerous road conditions are also major causes of bus accidents.
Inadequate maintenance, insufficient driver training, and the lack of seat belts and other safety measures on buses can all increase the risk of a catastrophic injury in the event of a collision. The size of a bus also makes it difficult to navigate and creates numerous blind spots that can put pedestrians, cyclists, and other drivers at risk.
Applying for Pre-Settlement Cash Funding Is Hassle-Free
With High Rise Financial, there is no red tape or endless paperwork. You can complete your application for legal funding for a bus accident lawsuit or bicycle accident lawsuits in a brief phone call. Once you provide us with your attorney’s name and contact information, we take care of the rest.
In most cases, you can receive cash within 24 hours of approval. There are no application fees or surprise charges. If your attorney is unable to obtain a settlement, you don’t owe us anything!
Victims of catastrophic bus accidents should not have to worry about their financial future on top of trying to recover a fair settlement for their injuries. Our specialists are available to initiate the application process and answer your questions and concerns. Apply online or call today (866) 407-6404.