Motorcycle Accident Lawsuit Loans for New York

If you have been involved in a motorcycle crash and need cash now, Bridgeway Legal Funding can help! Bridgeway specializes in providing pre-settlement funding or “lawsuit loans” to injured plaintiffs who are awaiting a lawsuit settlement.

What is a lawsuit loan?

A pre-settlement advance on your lawsuit, more commonly known as a lawsuit loan, is a non-recourse advance on the expected settlement value of an injury lawsuit. Non-recourse simply means that any money you are advanced only needs to be re-paid if you win your case. If your case is lost and you do not receive a settlement, the money you were given does not need to be re-paid.

A lawsuit loan requires you to make zero payments prior to the conclusion of your case. Also, the advance is based only on the details of your lawsuit; meaning there will be no credit or background check performed during the application process.

How does the process 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 team will have a brief telephone conversation with you on how your accident happened, request the appropriate documents from your attorney’s office and then let your know how much of a lawsuit loan we can offer you. In most cases, Bridgeway can provide cash to residents of New York 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! After receiving a lawsuit loan, there are no payments required at any point. Once your case is settled and your attorney receives the check, their office will re-pay the loan you were given.

How long does a motorcycle accident lawsuit take?

The biggest factor in the length of time your case will take is whether it can be settled through negotiation or if a trial is required. Another major factor is the amount of treatment required for your injuries, because in most cases your attorney will not and should not begin to negotiate your compensation before your treatment has been completed. Bridgeway has seen the average case takes between 12 and 18 months from the date of accident before a plaintiff can receive their settlement.

The Dangers of Motorcycle Travel

Each year there are roughly 110,000 motorcycle accidents that result in serious injury nationwide. The National Highway Traffic Safety Board reports there are over 8.4 million motorcycles on the road nationally. While motorcyclists make a small portion of the vehicles on the road, motorcyclists are 5 times more likely to injured and 26 times more likely to be killed in an accident.

What could a motorcycle accident lawsuit be worth?

The value of any case is measured first on the level of damages a plaintiff has been caused. Damages are made up of physical property, bodily injury and loss of earnings or income. Your attorney will total up all forms of damages you have been caused demand a multiple of that as compensation, often 2-4 times the damages.

The next determining factor will be the amount of insurance the at-fault vehicle has to be recovered from.  The minimum insurance policy limits in the State of New York 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. Insurance policy limits are a very important factor in motor vehicle accident lawsuits because that establishes the maximum amount of money one can hope to receive in their settlement. 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.

Why use Bridgeway?

Unlike most all other funders in the lawsuit loan industry, Bridgeway offers funding at a non-compounding rate. A compounding rate is one that will continue to increase at a higher amount the longer your case goes. A non-compounding rate is one rate remains the same through-out, or continues on a “straight-line”.

For example, a client who received a $5,000 advance from Bridgeway and repaid it after 18 months would save 20% or roughly $1,700 in costs compared to a funder who is charging compounding interest!

Can I receive a lawsuit loan in my area?

Bridgeway Legal Funding can provide immediate cash across New York including Long Island and the 5 boroughs.

As well as: Kings CountyQueens CountyNew York County, Suffolk County, Bronx County, Nassau County, Westchester County, Erie County, Monroe County, Richmond County, Onondaga County, Orange County, Rockland County, Albany County, Dutchess County, Oneida County, Saratoga County, Niagara County, Broome County.