There’s no denying the fact that Uber and Lyft are two of the most popular ridesharing companies today. Lyft reported 18.73 million active rides in the last quarter of 2021 alone! With so many people using Lyft and Uber to get from point A to point B. It’s not surprising that there have been quite a few instances of accidents involving both Uber and Lyft vehicles recently.
If you’ve been in an accident and suffered severe injuries, you might consider suing the other driver involved in the collision. But that can be easier said than done, especially if you face high medical bills or other unexpected expenses due to your injuries. Fortunately, Lyft car accident lawsuit loans can provide financial assistance until your case is resolved in court or through mediation.
Here’s everything you need to know about Lyft Ridesharing App Accident Funding.
What Is a Lyft Car Accident Lawsuit Loan?
A Lyft car accident lawsuit loan is a cash advance that can help you pay your hospital bills and other costs associated with a car accident. Suppose you’ve been in an accident with a Lyft driver, or someone else has been injured in an accident involving your vehicle. In that case, you could be entitled to thousands of dollars from Lyft’s underinsured motorist coverage.
The problem is that insurance companies tend to drag their feet on payments, leaving drivers with large medical bills. With a cash advance on your insurance settlement from our pre-settlement funding company, you can put money in your pocket and move forward faster.
For those in an accident involving a rideshare service like Lyft or Uber, legal funding can help them pay their bills as they seek compensation from their case.
Example:
Lyft has been sued for negligence by a woman hit by a drunk driver while waiting for her Lyft ride. The collision caused severe injuries and left her disabled. So, she has applied for Lyft lawsuit funding to help with mounting medical bills and other expenses while she recovers.
Victims of Lyft accidents can apply for lawsuit loans to pay living expenses and medical bills, as well as personal injury grants to help cover unexpected costs that may arise during their court cases.
Process of getting lawsuit loans for ongoing claims against Lyft car accident
If you have been involved in a Lyft car accident and had to file a lawsuit against them for your injuries, you may be worried about how you will pay for all of your treatment, time off work, and lost wages. A Lyft car accident lawsuit loan can be beneficial in helping you with getting financial assistance from one of their partner companies. Here are the basic criteria you need to fulfill to get a Lyft car accident loan:
- You suffered an injury while taking a ride inside a Lyft ridesharing cab
- You filled a case against Lyft, which is pending in court
- An attorney is representing you in court
- The attorney which you have hired works on a contingency fee
After you fulfill all these criteria, you can apply with us. To apply, you need to fill out an online application form. Your attorney will send us all the case-related documents. Based on the strength of the case, we will determine the loan amount. After we have an agreement with you and your attorney on the terms of funding and you sign the contract, we will send the money.
How Long Does it Take to Get Your Lyft Car Accident Lawsuit Loan?
Lyft is starting to offer car accident lawsuit loans to drivers who were not at fault in an accident. Many drivers are concerned about how long it will take them to get these loans. In reality, it only takes a few minutes to fill out your information and send in your application.
You can be looking at getting approved for your Lyft car accident lawsuit loan in as little as 24 hours. However, there is one caveat that you should be aware of when applying for these Lyft car accident lawsuit loans – you must sign a full release waiver on any potential legal issues related to your claim.
Things To Do After Getting Injured While Driving LYFT
If you’re a driver in your area and you get into an accident while using Lyft, there are steps you can take to protect yourself. The first thing you need to do is contact your insurance company to report that you were using Lyft at the time of your accident.
Once that’s done, reach out to Lyft via email and tell them what happened. Lyft will either file a claim on your behalf or refund you for a ride if it was determined that someone else was at fault for your accident.
Things To Do After Getting Injured While Riding LYFT
If you were involved in an accident while using Lyft as a passenger, you can file a personal injury lawsuit and be eligible for Lyft accident lawsuit loans. They cover all costs of your medical bills or other expenses of injuries caused by Lyft drivers during ridesharing service and help you recover money for your losses with no collateral needed.
There are four main reasons why Lyft accident lawsuit loans are much easier to get than those from other kinds of lenders:
- you will get your money quickly;
- your credit score is not checked;
- no collateral is required;
- all documents are signed electronically.
How Much Does Lyft Pay The Victims?
Uber and Lyft both have insurance in place to cover any accidents that happen while you’re driving for them. So if your car is damaged by someone else, or if they’re injured while in your car; claim won’t affect your own personal policy.
But if your own vehicle is damaged (or you are), or if you injure someone else, that person can claim Uber/Lyft’s commercial insurance policy.
Since ridesharing companies typically require drivers to purchase a commercial auto policy. Drivers may be eligible for personal injury protection and uninsured motorist coverage benefits similar to those available through personal auto policies. That said, insurers typically exclude injuries caused by intoxicated drivers from covered injuries.
Why Lyft Needs to be Held Liable for Their Drivers’ Actions
Ridesharing services like Uber and Lyft are now a significant part of urban transportation. However, these companies are not held responsible for their drivers’ actions. This is due to a loophole in both state and federal law. The loophole allows ridesharing services to say they do not employ drivers.
Most states give special legal exemptions to companies that rely on contractor status. This means they don’t have liability for accidents involving their vehicles or any kind of insurance coverage if someone gets hurt while riding in one of their cars. These loopholes must be closed to ensure all parties involved are equally responsible when accidents occur while using ridesharing services like Uber and Lyft.
Get Cash Now If You Have A Pending Lyft Claim
When you’ve been injured in a Lyft car accident, you deserve to be properly compensated for your medical expenses and related costs. Lawsuit loans may be an option for personal injury victims. But it isn’t always easy to understand exactly how they work.
Lyft car accident lawsuit loans are basically a pre-settlement funding option; you are borrowing money against future compensation you will receive if your claim ends up going to court. If successful, when and if you receive your award or settlement proceeds from a personal injury claim; you pay back your loan with interest as well as your legal fees incurred along the way.
Furthermore, if you are not a car accident victim, but your loved one dies in a Lyft accident. Then also we can help. We provide wrongful death lawsuit funding to the plaintiffs of ongoing settlement for the trauma and hardship they suffer from losing their loved ones.