You could experience a number of inconveniences if you’re ever in a car accident in Florida. There’s the time you will have to take out of your day to file a claim. You could also be without your vehicle for an extended period of time if the damage is severe enough.
Those inconveniences pale in comparison to what you might go through if you were injured in the accident, however. Besides the physical pain, you could also be facing medical expenses and treatments and lost wages if you’re unable to work—all issues that could take your hard-earned money out of your pocket.
The good news is, you could be entitled to a settlement if you were injured in a car accident in Florida. Unfortunately, the money might not be available when you need it, which is likely right away.
There is a solution to this problem—pre-settlement advances, which are often referred to as a “lawsuit loan.” This funding can help pay for expenses that are the result of your accident, such as medical bills, car repairs and lost income if you’re unable to work.
If you were injured in a car accident in Florida and need cash right away, consider getting a pre-settlement advance. It can help keep you financially afloat while you wait for your full settlement.
To learn more, please visit Bridgeway’s Guide To Pre-settlement Advances.
What is pre-settlement funding?
Pre-settlement funding is a cash advance against your pending car accident claim or lawsuit. This funding is commonly referred to as a “lawsuit loan,” but that phrase is not technically correct. The funding is a non-recourse advance, not a loan. In other words, you don’t have to pay the money back if you don’t win your case.
Did you know that there are more than 23 million vehicles registered in Florida? With so many vehicles on the road, the odds of an accident occurring are pretty high—there were more than 400,000 reported crashes in Florida in 2021, resulting in more than 200,000 injuries.
If you find yourself in one of these accidents but weren’t at fault (or were a passenger), you could be entitled to a cash settlement. Pre-settlement funding makes it so you don’t have to wait up to three years (yes, it could take that long) to see any money.
Pre-settlement funding also protects you from having to accept an offer that’s below your case’s value as well as levels the playing field against large insurance companies that tend to have an infinite amount of resources and capital.
How do pre-settlement advances work?
Bridgeway Legal Funding, presents a simple three-step process to help our clients secure a pre-settlement:
• Have a brief conversation with you (the plaintiff)
• 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.
You can also visit the Bridgeway Legal Funding website’s “How pre-settlement funding works section” to learn more about this process.
How long does it take to get pre-settlement funding?
Bridgeway Legal Funding helps secure a pre-settlement advance more quickly than others in our field. Bridgeway can accommodate you quickly if you’re in a car accident in Florida. We’re set up to get cash into our clients’ hands within 24 to 48 hours.
Call us at 1-800-531-4066 or complete our short questionnaire to get your pre-settlement process right away.
How much of a pre-settlement advance am I eligible for?
Our clients are usually eligible to receive up to 10 to 20% of their case’s value. We look at the following three factors to determine the case’s value:
• Liability—Who was at fault in the accident? Liability can be easily determined in instances when a driver rear-ends another one or someone runs a red light. In less clear cases, such as a side swipe, each driver might share some fault.
• Damages—How much money will be awarded following the accident between injuries and lost wages? A number of factors are calculated to determine total damages including:
• 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 sue for 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 Florida:
- Bodily injury coverage: $15,000 per person and $20,000 per accident
- Property damage liability: $10,000 per accident
- Uninsured motorist coverage: $10,000 per person and $20,000 per accident
- Personal Injury Protection: $10,000
These are the minimum car insurance requirements in Florida. Chances are the person who runs into you has more coverage than this.
Click here to learn more about how much funding you can get for your pre-settlement advance. Learn more about no-fault auto insurance coverage in Florida here.
How can I get a pre-settlement advance?
At Bridgeway Legal Funding, we’ll work with you to help you obtain the most pre-settlement funding possible. There are a few things you can do on your end to increase the odds you receive a bigger overall settlement as well:
• Hire a qualified attorney that specializes in motor vehicle accidents
• Keep good records of your car accident, medical treatment(s) and injury/injuries
• Get a copy of the police report and collect names of any potential witnesses
• Make sure your law firm files a lawsuit within the legally allowed time. The statute of limitations in Florida is four years within the date of the accident.
Apply for your pre-settlement advance today.