For most riders, a motorcycle is the most incredible experience to have. There are about 8 million registered motorcycles on the road in the United States, and owning a bike isn’t cheap. In fact, the average price of a new motorcycle is between $5,000 and $10,000 for beginners, while those who have experience spend around $10,000 and $35,000 for a new bike.

Hurtling around mountain curves on two wheels can be a lot of fun and make you feel like you’re flying free. However, getting into a motorcycle accident may leave you so injured that you can lose your flying freedom feeling, quality of life, health, and life itself.

According to the Insurance Information Institute, approximately 5,000 riders a year lose their lives in motorcycle accidents, and over 80,000 people get injured every year. Motorcyclists are 27 times more likely than passenger car occupants to die in a crash and five times more likely to be injured, making up a total of 15% of traffic deaths.

Motorcycle accidents can happen to any rider of any skill level. They can lead to catastrophic injuries or can be fatal.

What is Pre-Settlement Funding for Motorcycle Accident Lawsuits?

Pre-settlement funding for motorcycle accident lawsuits is a financial option available to individuals who have been involved in a motorcycle accident and are pursuing legal action against the responsible party. This type of funding provides you with an advance on the potential settlement of your motorcycle accident case, allowing you to cover immediate expenses while you wait for your case to be resolved.

How Pre-Settlement Legal Funding Helps Injured Victims

Motorcyclists face significant danger from large trucks, cars, and other vehicles. This is due to the fact that these vehicles are frequently operated by negligent and dangerous drivers, leading to severe injuries for the motorcyclist, and even long-term damages that can be devastating and life-threatening.

Due to these challenges, motorcycle accident victims face financial burden as they recover from their injuries and may not be able to work or earn income during this time. Pre-settlement funding can help bridge the gap between the accident and the final settlement, providing much-needed financial support during a tremendous difficult time.

This type of funding can help you cover expenses such as:

Medical bills
Rent or mortgage payments
Car bills
Food and groceries
Gas and electric costs
Daily expenses

How Does Pre-Settlement Funding Work?

Pre-settlement funding for motorcycle accident lawsuits is not a traditional loan. Instead, it is a cash advance provided by a funding company, like Baker Street Funding, in exchange for a portion of your eventual settlement. The amount of funding available is typically based on the estimated value of your case and its likelihood of success.

If you win your motorcycle accident case, your attorney repays the funds, along with any agreed-upon fees and interest, from the settlement or verdict amount. However, if you, the plaintiff, lose your case, there is no repayment making it a non-recourse funding option.

Qualifying for Legal Funding for Your Motorcycle Accident

Baker Street Funding consider a crucial factor when evaluating a motorcycle accident lawsuit. This main factor is the strength of the case. Additionally, another essential prerequisite is having a personal injury lawyer.

Other considerations

No-fault motorcycle accident with an active lawsuit settlement
Well-insured defendant
You have had surgeries or injections
You have no previous lawsuit loan liens
You have an attorney representing you
Accidents due to drunk driving
Driver/operator negligence
Owner negligence.

Qualifying injuries

If you think you are ready to apply for a motorcycle accident loan, Baker Street Funding can get you the advance you are seeking while you wait for your settlement or award—for less. Contact us at (888) 711-3599 to get started.

How to Apply for Funding

To apply for pre-settlement funding for a motorcycle accident lawsuit, the first step is to apply online or call (888) 711-3599. You’ll need to provide information about your motorcycle accident lawyer, your case, including details about the accident, your injuries, and any medical treatment you’ve received.

Once we get your application, you receive a call from one of our team members.
Then, he or she’ll contact your attorney to evaluate your case and determine the potential value of your settlement and the merits of your case.
If all looks good, you get a funding decision 24 hours later.
Upon approval, you and your lawyer get to sign a funding contract, and funds are released to you hours later. Most injured victims receive the pre-settlement loan the same day they are approved.

Pre-Settlement Legal Funding Can Also Help Your Motorcycle Accident Case

After a motorcycle crash accident, you should get fair insurance compensation, especially when the accident wasn’t your fault. But emergencies from accidents happen all the time.

Unfortunately, suffering the financial burden of another’s action and being strapped for cash while waiting for a personal injury lawsuit to be resolved is a hard reality that many accident victims go through. You may be suffering loss of income while having to pay off unexpected medical expenses or rent. Maybe you have backed up electric bills. Whatever the reason, it’s important that you get your finances under control.

Baker Street Funding’s motorcycle accident loans provide financial support following your accident, within just 2 hours of approval, to help you avoid settling for inadequate compensation while your lawyer works towards securing a fair settlement.

Just keep in mind that if your case does not result in a settlement or jury award, you will not be required to repay anything.

Ready to Take the Next Step?

Baker Street Funding offers cash advances to victims of motorcycle accidents, regardless of the severity of the incident. These advances have simple interest starting at 2.95% monthly, featuring capped rates, making us one of the few lenders providing the lowest-cost pre-settlement funding.

If your case remains unresolved after three years, Baker Street Funding will waive all interest rates in the third year of your loan.

Whether you were injured or you are a family member of the victim who suffered a fatal crash from a motorcycle accident, we implore you to consult one of our funding experts—start the process of financial recovery for yourself and your family today.