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Motorcycle Accident Loans: Financial Help for Injured Riders
If you were injured in a motorcycle accident, you might be wondering how you’re going to get by financially while you recover from your injuries.
Many people think that their insurance will cover their medical expenses and any other costs they accrue from the accident. But this isn’t always the case.
If your insurance provider refuses to pay for your medical care or if you don’t have insurance; then you may need to take out a loan specifically designed to help motorcycle accident victims settle their bills and make ends meet.
At the same time, they try to move on with their lives.
What are motorcycle accident settlement loans?
When you get into a severe accident and cannot work due to your injuries; it can be tough to pay your bills and deal with life’s day-to-day expenses.
Many injured riders wonder how they’ll be able to keep up on their payments when they haven’t been able to return to work yet.
Luckily, motorcycle accident settlement loans are available for riders who have gotten into an accident; but have not received a settlement yet.
If you are approved for these types of loans, you can use that money however you like—whether paying off bills or going towards repairs on your bike.
Applying for a motorcycle accident settlement loan
If you’ve been injured in a motorcycle accident, it can be challenging to know what your next steps should be.
One option is applying for a motorcycle accident settlement loan (sometimes called mediation loan or settlement cash advance).
This type of loan has several benefits and works differently than other personal loans, making it a viable option if you need money right away.
However, it also has some drawbacks, so be sure to weigh all your options before moving forward with one.
Here are some factors to consider when weighing your options: Are you eligible?
- You must have an ongoing lawsuit for a motorcycle accident
- An attorney representing your case works on a contingency basis
- You have a winnable case in court.
Some common causes of motorcycle accidents
In 2019 more than 5014 motorcyclists died in an accident. If you’ve been in a motorcycle accident, there are certain culprits to look out for.
Speeding and DUI are common causes of motorcycle accidents, and it’s always best to be aware of how these factors might impact your safety.
Other reasons you may have been involved in a motorcycle accident include improperly-secured cargo, distracted drivers, and road conditions that aren’t up to par.
If you or someone you love was involved in a motorcycle accident; it’s important to know what went wrong so that you can avoid similar circumstances in the future.
The following steps after filing an injury claim with your insurance company
Now that you’ve filed a claim with your insurance company, they are likely investigating whether they will payout on your claim.
If you have severe injuries from a motorcycle accident; it’s natural to worry about paying off all of your medical bills and other financial obligations.
A motorcycle accident lawsuit loan can help bridge that gap by helping injured riders get money for things like lost wages and medical expenses.
Using these lawsuit loans is one way to gain financial control over an otherwise devastating situation.
As soon as possible, after filing a claim with your insurance company, make sure to contact an attorney who can help you understand what legal options are available to you if your insurance company fails to pay out on your claim.
Why should you apply for a motorcycle accident settlement loan?
If you’ve been injured in a motorcycle accident, it might be tempting to put your life on hold while you recover.
But with medical bills mounting, lost wages are adding up, and personal injury attorneys were looking out for their financial gain.
Cash-strapped riders might feel that they have no choice but to take on significant credit card debt or make financial sacrifices that could harm their credit score.
Fortunately, there are legal options available to motorcyclists who want to pursue compensation from those who caused their injuries.
Most commonly known as no-interest loans or lawsuit funding; these flexible sources of cash can help injured riders get back on their feet.
Get well again—without having to sacrifice years of hard work and credit in pursuit of fair compensation.
Other than funding cases of accidents involving motorcycles, we also provide bicycle accident loans.
How much money will you get from your motorcycle accident settlement loan?
The amount of money you’ll receive in your settlement loan depends on some factors.
Some include what state you live in, whether it’s a personal injury or vehicle damage accident, and who was at fault.
But it also depends on what is determined to be the fair market value of your motorcycle.
All insurance companies will have a set price they determine as fair market value—if you want to get as much money from your settlement as possible, you may want to consider that when deciding how much money to ask for a loan.
An experienced lawyer can help with these calculations if you don’t know where to start!
Get the lowest interest rate motorcycle accident lawsuit loans now!
How do you pay the mounting medical bills after you’ve been injured in a motorcycle accident?
Even if you have health insurance, your out-of-pocket expenses can quickly add up to thousands of dollars.
Your state might also require you to file certain forms before getting benefits from your insurance company. Adding more time and frustration to an already stressful situation.
Fortunately, there are ways to make your financial recovery more accessible if you’ve been involved in a motorcycle accident that wasn’t your fault.
If you’ve been injured in a motorcycle accident, don’t let the costs of your injuries keep you from getting the help you need right now.
If another driver caused your motorcycle accident, learn your legal options for financial compensation.
Further, our motorcycle accident lawsuit loans can help you cover medical bills and other expenses during your recovery period.