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 serious injuries, you might be thinking about 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 resolves in court or through mediation.
Here’s everything you need to know about these types of loans.
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.
Ridesharing legal funding helps in the lawsuit against Lyft
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 serious 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.
In addition to applying for lawsuit loans to pay living expenses and medical bills. Victims of Lyft accidents can also apply for 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 very helpful in helping you with getting financial assistance from one of their partner companies.
To get one, our company requires that you hire an attorney with experience in Lyft accidents or lawsuits.
Then once we see that you are following through with your case. We will send over paperwork so that an attorney can certify that everything is being done correctly.
The last step will be to process your claim and give out a Lyft lawsuit loan amount according to your lawyer’s request as part of your settlement agreement.
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 have been involved in an accident where they were not at fault.
Many drivers are concerned about how long it will take them to get these car accident lawsuit 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.
The Ridesharing Problem – Why Lyft Need to be Held Liable for Their Drivers’ Actions
Ridesharing services like Uber and Lyft are now a major 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 that they do not employ their drivers.
Most states actually 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 they get hurt while riding in one of their cars.
These loopholes need to be closed to ensure all parties involved are equally responsible when accidents occur while using ridesharing services like Uber and Lyft.
What to do if you get in an accident while driving a Lyft vehicle?
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.
What to do if you as a passenger get in an accident while using Lyft ridesharing service?
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 Uber/Lyft pay for accidents?
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.
What happens if I lose a car accident case against Lyft?
Lyft accident lawsuit loans are available to drivers who have been in an accident while using Lyft, whether or not they were at fault in the accident.
The funds can be used to pay off damages sustained in the accident; including emergency repairs, medical bills, and lost wages while recovering from your injuries.
After the case has been settled, Lyft’s insurance company will reimburse you for any loan payments that have already been made up to the settlement amount. So it is safe to take out a loan even if you aren’t sure that you will win your case.
Contact us now for legal funding against your Lyft accident injury 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.