You may get hurt in a car accident that ultimately leads to a lawsuit. At this point, there is no telling if and when you will actually get compensation. With help from a Cape Coral, Florida lawsuit loan, you can receive money right away.
Car Insurance in Florida
Prior to registering a car in Florida, you must have personal injury protection (PIP) and property damage liability (PDL) automobile insurance. PIP helps you pay 80% of medical expenses considered to be reasonable and necessary, up to $10,000 for a covered injury. PDL helps cover the costs for property damage caused by you or someone else driving your insured vehicle.
As a no-fault auto insurance state, you may be financially protected if you suffer an injury in an accident in Florida, even if the other driver is at fault. If you get into a crash, your insurance company may give you compensation for any damages you suffer. This may be the case regardless of who is responsible for your collision.
No-fault car insurance is not foolproof. There are times when a driver does not have insurance or lacks sufficient coverage. If you are in a collision with an uninsured or underinsured driver, you may have to submit a claim through their insurance provider or file a personal injury lawsuit against them to get compensation.
To apply for free, call (877) 735-0016
Statute of Limitations for a Car Accident Claim
There is a two-year statute of limitations for personal injury cases in Florida. This means you may have up to two years from the date of your auto accident to sue for damages. If you choose not to file a claim within this window, you may be solely responsible for your crash-related losses.
If you are considering a car accident lawsuit, it may be beneficial to consult with an attorney. An auto accident lawyer can review your case and help you determine if you have a legitimate claim. If so, they may be able to help you pursue compensation.
A lawyer may be able to assist you with a Cape Coral car accident loan. At High Rise Financial, we can answer frequently asked questions and many others about legal funding for car crashes. For more information, reach out to us.
Cape Coral Car Accident Lawyer Near Me (877) 735-0016
How an Auto Accident Loan Works
There are fewer requirements to get legal funding versus a personal loan. With an auto accident loan, you do not have to undergo a credit check or share your financial records. This information is typically required if you apply for a personal loan.
A car crash loan lets you get money immediately. You are charged interest on your loan. A legal funding company explains your interest rate before it finalizes your loan request.
If you do not win or settle your auto collision case, you do not have to pay back your legal funding. In this situation, your lawsuit funding company clears your loan balance. You keep the money that was already given to you without any penalties.
How to Get Car Accident Pre-Settlement Funding
An auto accident loan is contingent on your personal injury case. Following your auto crash, your attorney can help you file a claim. They can also work with you and a lawsuit loan provider to help you get pre-settlement funding.
You can apply for a lawsuit loan as long as you have a lawyer to represent you and are involved in an auto crash case. The application process may take only minutes to complete. You may be able to submit your application materials online or over the phone.
With a legal funding application, you may have to provide your contact information and details about your auto accident case. As soon as a pre-settlement loan company gets your application materials, it reviews your request. It may be able to approve your request within 24 hours.
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How Much Money an Auto Crash Loan Offers
A legal funding company looks at your case to determine how much money it can give you. The business may offer anywhere from $500 to $100,000 in pre-settlement funding. It provides a personalized loan quote and encourages you to review it and share any concerns or questions.
If you approve a legal funding request, you have the flexibility to use your money however you choose. Your lawsuit funding company keeps in contact with your attorney. If you get a car accident settlement, only then do you have to pay back your funding.
Your lawyer handles the entire car crash loan repayment process. Once you get your settlement, your attorney deducts what you owe for your loan from this amount. They send a payment to your pre-settlement funding company, and you get the remainder of your settlement.
Car Accident Loan Benefits
In many instances, auto accident pre-settlement funding is a superior option over a personal loan. This is due in part to the fact that there are very few terms and conditions associated with lawsuit funding. Along with this, other reasons why plaintiffs in car crash cases request pre-settlement loans include:
- There are no monthly payments required.
- You do not need to be currently working to get a loan.
- You can get funding as soon as the next day.
- You can use your funding to pursue your case to the fullest extent.
- You owe nothing if you do not receive any compensation.
If you are unsure of what legal funding after a car accident offers, connect with a pre-settlement loan company. This allows you to discuss your case and see what legal funding options are available. If you decide a lawsuit loan is right for you, legal funding specialists can help you get money as quickly as possible.
Request an Auto Accident Loan
High Rise Financial makes it easy to secure legal funding. If you were involved in an auto crash and want to explore your pre-settlement loan options, we are here to help you out. To find out more, contact us today.