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.
Motorcycle accident lawsuit funding advantages to injured victims.
There are plenty of reasons to consider a loan on your motorcycle accident claim. Motorcycle accident lawsuit funding can help you pay things such as:
- Medical bills
- Rent or mortgage
- Car payments
- Food and groceries
- Other types of bills
Large trucks, cars, and other vehicles can prove to be significant risks to a motorcyclist. Unfortunately, these vehicles are often piloted by careless and reckless drivers, resulting in a catastrophic injury to a motorcycle rider, ultimately leaving the victim injured and financially restrained.
No one should have to suffer from a motorcycle accident due to the negligence of another party. As mentioned, the long-term damages from a motorcycle accident can be devastating and even life-threatening.
Whether you are suffering from a minor crash or catastrophic collision, Baker Street Funding provides accident victims with risk-free cash advances with simple interest and capped rates. Never pay more than you are supposed to if your case drags on more than three years to settle. With Baker Street Funding, we will end all interest rates in the third year of your loan if your case doesn’t resolve by then.
Better news? Motorcycle accident lawsuit funding has no risks to borrowers. Because the money we extend you is an advance, not a traditional loan, there are no payments due on the funds you receive until your case is settled favorably in the courts or a reasonable offer is accepted with your insurer. If the insurer rejects your claim and the court doesn’t decide in your favor, you won’t owe anything.
Pre-settlement funding can also help your motorcycle accident case.
A lawsuit settlement loan for your motorcycle accident can help you get the financial assistance you need while your attorney fights for fair compensation and you don’t settle for less than you deserve.
After a motorcycle crash accident, you should get fair insurance compensation, especially when the accident wasn’t your fault. Emergencies from accidents happen all the time. Even with the most responsible bike riders, you can run up against unexpected medical costs that you didn’t anticipate. You can lose your job while having to pay off unexpected medical expenses or rent.
However, the reality is that your first settlement offer will not be fair. So, what do you do when you need money as quickly as possible?
You can take a lower settlement offer that will help you pay your bills, or you can apply for pre-settlement funding so you can get the settlement offer you are rightfully due.
Don’t allow the insurance companies to settle your case for an amount that goes against all you have suffered; let’s help you get the lawsuit advance you need so you can afford to win a more significant compensation.
Qualifying for a lawsuit cash advance for our motorcycle accident.
One of the key metrics that motorcycle accident lawsuit lenders look at when qualifying a potential borrower for a pre-settlement advance is the strength of their case. All else equal, having an attorney is another main requirement.
If you want to borrow against your motorcycle accident claim, you’ll first want to get a realistic view of your case merits, talk to your attorney about potential issues, and then you’ll want to apply.
The motorcycle accident cases that typically get pre-approved for funding look like this:
- 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
- Your loved one suffered a fatal motorcycle accident
Additionally, at Baker Street Funding, we typically approve lawsuit cash advances to plaintiffs involved in motorcycle incidents such as the following:
- Accidents due to drunk driving
- Driver/operator negligence
- Owner negligence.
If you’re in need of cash but have prior funding on your bike accident claim, you can still qualify for additional funds and get approved if your case allows a second or third advance. The advantage of this is that we will refinance your loan for a lower rate.
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.
How does motorcycle accident pre-settlement funding work?
The application is simple. Underwriting simply evaluates your claim in a period of 24 hours before providing you with the cash advance you need before (or after) your case settles.
Most plaintiffs receive the pre-settlement loan the same day they are approved.
This is how motorcycle accident settlement funding today works:
Apply online or call (888) 711-3599 to request a lawsuit loan. Ensure to provide the correct information of your motorcycle accident lawyer and yourself.
- Once we get your application, you receive a call from one of our team members.
- Then, they will contact your attorney for further medical and case files.
- After your attorney sends the required documentation, your evaluation period starts.
- 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.
With Baker Street Funding, we can provide you with your pending lawsuit funds from your motorcycle accident case in 24 hours or less while your attorney makes sure that you are fairly compensated for the damages and losses sustained in your accident.
Should you consider a lawsuit loan for your motorcycle accident?
When it comes to whether to take out an advance on your pending motorcycle accident settlement, what matters is what’s right for you.
Maybe you have backed up electricity bills. Or maybe you are about to get evicted.
Whatever the reason, it’s important that you get your finances under control. Likewise, it is also essential to get the lowest cost pre-settlement funding for your case.
Suffering the financial burden of another’s action and being strapped for cash while waiting for a personal injury lawsuit to resolve is a hard reality that many accident victims go through.
Additionally, because of the inherently dangerous nature of riding a motorcycle, insurance companies take their time to analyze and payout on motorcycle accidents. Unfortunately, this can leave you in a position where you can not work or pay your bills until you settle or recover from the accident.
If you are in this situation and cannot cover your expenses due to a motorcycle accident injury, consider funding your case with Baker Street Funding.
A motorcycle accident lawsuit loan from Baker Street Funding provides you with the cash you need at least 2 hours after approval.
Motorcycle pre-settlement funding is not a loan. Pre-settlement funding is a non-recourse financing agreement. In other words, if for any reason you don’t get a settlement or jury award for your accident lawsuit, the funding company takes the loss, and you walk with the cash. You don’t get to pay a dime.
Our pre-settlement funding rates are low and fixed. We also provide protection to our borrowers with capped rates. Essentially, your rates and fees end the second or, at the most, the third year of the loan, no matter when your case settles.
Our distinctive approach to legal funding has made us one of the most respected leaders in the industry. Baker Street Funding works with the utmost professionalism while providing a compassionate style in all contracts.
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 experts—start the process of financial recovery for yourself and your family today.