Getting into a car accident in Kansas often brings more headaches than just damages to your car. Of course, you could be without your vehicle for a period of time while it’s being repaired, but there’s also the claims process to deal with and perhaps even taking time out of your day to speak with the other party’s car insurance company.
Plus, you could face another set of inconveniences if you were injured in a car accident in Kansas. Car accident-related injuries, depending on the severity, could impact your daily life—especially from a financial standpoint.
Fortunately, you could be entitled to a cash settlement if you've been injured in a car accident in Kansas. The only problem is you’re not guaranteed to see those funds right away. If you don’t have money set aside for an unforeseen situation like this, the delay could be an issue. After all, you might need that settlement to help pay for medical expenses, car repairs or to cover any lost salary from having to miss work.
There are ways to access the funds you need faster, however. A pre-settlement advance, or a "lawsuit loan" serves as a financial resource to help keep you afloat until you can return to work or your lawsuit is resolved.
What is a pre-settlement advance?
Pre-settlement funding is a cash advance against your pending car accident case or lawsuit. This is not a loan, but rather a non-recourse advance. You would not have to repay the advance if your case is unsuccessful for any reason.
Almost 18,000 people were injured in a car accident in Kansas in 2022—12,000 of those injuries occurred in accidents with another vehicle. Both figures are an increase from the year before. With more than two million registered vehicles on the road in Kansas at a given time and 31 million miles traveled on average, the chances of a car accident occurring are more likely.
It’s important to know what financial resources are available to you in the event you’re injured in a car accident in Kansas.
If you’re entitled to a settlement after being in a car accident in Kansas, you might have to wait one to three years for your money. Yes, you could potentially have to wait years to get your settlement.
Bridgeway Legal Funding can help you get your money in days, however. Not only can you get your money faster, but you can get the amount for what your case is actually worth. A pre-settlement advance can protect you from accepting an offer that’s much less than your case’s value. These advances can also help create a fairer fight against large car insurance companies that have virtually unlimited resources.
Want to get your pre-settlement advance as quickly as possible? Keep reading to learn how Bridgeway Legal Funding’s process works.
We help our clients access pre-settlement funding in three simple steps:
• Have a brief conversation with the plaintiff (you)
• Review your case and determine what we think it will be worth
• Offer you an advance of up to 10 to 20% of what your case’s estimated value
That’s it! Click here to learn more about our pre-settlement funding process and apply.
Can I really get a pre-settlement advance in a few days?
Yes. Getting funds to you quickly is one of the biggest benefits you can get when you work with Bridgeway Legal Funding. We are set up to provide clients with cash within 24 to 48 hours. The process begins by calling (800) 531-4066 or filling out our questionnaire.
How much can I borrow with a pre-settlement advance?
We typically will advance our clients up 10 to 20% of their case’s value. We base the case’s value on three key factors:
• Liability—Whose fault was the accident? If another driver rear ended your vehicle for example, they would be considered liable for any damages.
• Damages—How much money will be awarded following the accident based on injuries and lost wages? Some of the factors calculated to determine total damages include:
• Medical expenses and treatments (current and future)
• Lost wages (determined by how much work you missed times your current wage)
• Future work status (can you still work at all and/or preform your pre-accident duties)
• Insurance—You can typically use the amount of insurance coverage available at the time of the accident. Drivers are required to carry at least the following amount of car insurance in Kansas:
• Bodily injury liability: $25,000 per person and $50,000 per accident
• Property damage liability: $25,000 per accident
• Uninsured motorist bodily injury coverage: $25,000 per person and $50,000 per accident
• Basic personal injury protection: $4,500 per person
Remember, these are minimum car insurance requirements for Kansas drivers. Chances are the person you get into an accident with has additional coverage.
Click here to learn more about how much funding you can get for your pre-settlement advance.
How can I get the most out of my pre-settlement advance?
Bridgeway Legal Funding will do everything we can to help you get the most amount of pre-settlement funding possible. Here are a few things you can do as well to help yourself in the process:
• Hire an attorney that specializes in motor vehicle accidents
• Keep good records of your car accident, medical treatment(s) and injury/injuries
• Request a copy of the police report for your records
Don’t wait to file your car accident lawsuit. In Kansas the statute of limitations is two years from the date of the accident.
Apply for your pre-settlement advance today.