Truck Accident Loans for New Jersey
If you have been hurt in a truck accident and need cash now, Bridgeway Legal Funding can help! Bridgeway provides pre-settlement cash to those injured in car crashes involving trucks, tractor-trailers and more. Many people find themselves in need of immediate cash after an accident because they have to miss work, need expensive medical treatments and have to fix their car, Bridgeway can provide a cash advance within 48 hours!
What is a “Lawsuit Loan”?
A pre-settlement advance on your accident lawsuit, also known as a “lawsuit loan”, is a risk-free way to put cash in your pocket now while your attorney fights for the full value of your case. This type of funding is risk-free because it only needs to be re-paid if you win your case and receive a settlement. Taking a loan on your case will not hurt or damage it in anyway, simply provides you the ability to cover your expenses until you are compensated for the damages caused to you.
How does the funding 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 loan we can offer you. In most cases, Bridgeway can provide residents of New Jersey 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! 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.
What could a truck accident be worth?
One of the biggest factors for valuing an injury lawsuit is the insurance policy of the at-fault party. For accidents involving trucks and tractor trailers insurance policies are far greater than normal cars.
Federal regulations require a carrier of non-hazardous material to have an insurance policy of a minimum amount of $750,000 to cover liability for injuries to the public. A carrier of certain hazardous materials must have insurance with a minimum amount of $5 million dollars in liability coverage. Also, a trucking company may have an insurance policy over the driver of the truck as well as the trailer. That means that even if the tractor and trailer are insured under the same policy, there may be separate limits of coverage for both the tractor and trailer (For example: $1 million of coverage on each for a total of $2 million).
While an accident involving a truck does not ensure a large injury settlement, it allows for far more compensation to those who have been seriously injured. Unfortunately for some injured parties, if the at-fault vehicle carries only the state minimum insurance of $15,000 then that would be the most they win in a lawsuit.
New Jersey Truck Accident statistics:
Each year there are between 250,000 and 300,000 car crashes in New Jersey. While only an average of 1 out of every 9 accidents involves a truck, 90% of accidents involving a truck results in seriously injured passengers and drivers. Also, while commercial trucks and tractor trailers only make up about 2% of the vehicles traveling on the roads, they are involved in 8% of crashes and collisions.
Accidents involving trucks and tractor trailers almost certainly result in serious injuries. To better understand why, consider that the average fully loaded tractor trailer can weigh over 80,000 pounds versus you average passenger car weighing on average around 3,000 pounds. Thus, any collision, even those that appear minor, can result in very serious injuries.
Where can Bridgeway Fund?
All across New Jersey including: Bergen County, Middlesex County, Essex County, Hudson County, Monmouth County, Ocean County, Union County, Camden County, Passaic County, Morris County, Burlington County, Mercer County, Somerset County, Gloucester County, Atlantic County, Cumberland County, Sussex County.