Lawsuit Loans Long Island
Bridgeway Legal Funding specializes in providing cash advances to those injured in accidents across Long Island. Pre-settlement funding, more commonly known as a “lawsuit loan”, allows you to receive cash now to cover expenses while you wait for your lawsuit to settle. Bridgeway can fund car accidents, truck accidents, bus accidents, construction accidents, motorcycle accidents, slip & falls and more!
What is a lawsuit loan?
A lawsuit loan is a risk-free advance you can receive now and only needs to be repaid if you win your case and receive a settlement. If your case is unsuccessful and there is no settlement, you do not have to repay the money you borrowed.
Pre-settlement funding requires no credit or background check, it is based strictly on the details of your lawsuit. If you receive a pre-settlement loan, it requires no payments or out of pocket expenses, simply when your case settles, your attorney will re-pay Bridgeway for your advance.
How does it work?
The application process is quick and easy. Apply today either by submitting an application on our website or by phone call to (800) 531-4066. Once you apply, our underwriters will give you a brief telephone interview on how your accident happened, request the appropriate documents from your attorney’s office and then let your know how much of a case advance we can offer you. In most cases, Bridgeway can provide residents of New York with a lawsuit cash advance within 24-48 hours from when you apply.
Once approved, you will be given a contract to sign and return. Once the contract is returned, Bridgeway can fund your case immediately!
How much could my case be worth?
The biggest predictor of what your case could be worth is how much insurance is available for the at-fault party.
For a slip & fall accident, insurance policy limits will vary with the property owner due to many factors.
For car accidents though, the New York State minimum insurance policy limits are $25,000/$50,000. This means that all drivers are mandated to carry at least that much insurance on their vehicle. The $25,000 refers to the maximum insurance policy per injured occupant and the $50,000 refers to the total policy for all injured occupants in the crash. While a 25/50 policy is the state minimum, often drivers will opt for a higher limits policy, so it is very important to find out the insurance policy limits associated with your car accident lawsuit to have a better idea of what you can potentially be compensated in your settlement.
How much will I walk away with from my lawsuit?
If you have been injured from a car accident in New York, you are actually in luck, speaking comparatively to other parts of the country. New York has what's called "The No-Fault Law" which allows for up to $50,000 of your medical bills arising from your accident to be covered by your insurance company. This means medical bills for any treatment you receive for your injuries, up to $50,000, will not have to be paid back out of your settlement. In most other states, your medical bills will have to be repaid out of the money you win in your lawsuit.
Where does Bridgeway make advances?