Motorcycle crashes can leave New Yorkers facing mounting medical bills while the case moves through the legal system. Waiting months or years for an accident settlement may not be financially viable. As an alternative, many injured motorcyclists turn to lawsuit funding companies in New York like Apex Legal Funding, LLC, to bridge this gap.
Here is more about how motorcycle accident lawsuit funding may help injured crash victims avoid accepting a low settlement offer.
What Is Lawsuit Funding for Motorcycle Lawsuits?
Lawsuit funding can provide an injured plaintiff with an advance on their expected settlement or court award. Unlike a traditional loan, this type of financing should not require a credit check, an employment verification, or a commitment to monthly payments.
According to The Business Research Company, the pre-settlement lawsuit funding market had reached $19.62 billion by 2025 and was estimated to grow at 11.9% through 2029. This demand from injured plaintiffs reflects the need for financial stability during lengthy litigation. It is an attractive solution because you only need to repay the advance if the case draws compensation.
The process starts when you contact a funding company and provide details about your motorcycle accident. Lawsuit funding companies typically evaluate a claim’s strength by reviewing medical records and accident reports and speaking with your attorney. If approved, you may receive your pre-settlement funds within 24 to 48 hours.
How Pre-Settlement Accident Lawsuit Funding for Motorcycle Injuries Works
According to the New York State Department of Motor Vehicles, 2014 had 4,750 reported motorcycle crashes, with 2,546 (or 53.6%) of these crashes involving another vehicle. Motorcycle riders lack the protective barriers that car occupants have, making them vulnerable to catastrophic harm in the event of a crash. Motorcycle accident lawsuit funding, or pre-settlement funding, could cover your essential expenses while your attorney builds a strong case.
Typically, you can use pre-settlement funds for:
- Medical treatments
- Rehabilitation costs
- Rent, mortgage, and utility payments
- Vehicle repair or replacement
- Daily living expenses like groceries
This fast cash for injury claims comes in handy if the insurance company delays payments or you face financial pressure because your injuries prevent you from working.
Motorcycle Injury Lawsuit Support Through the Legal Process
Not every situation qualifies to receive legal claim financing for accidents. New York’s high-value injury claim funding companies would look for cases that demonstrate clear liability. One example is where another party’s negligence caused your motorcycle accident.
Cases that typically receive approval also include the following characteristics:
- Well-insured at-fault parties with adequate coverage
- Documented injuries requiring medical intervention
- Legal representation through a contingency fee attorney
According to the U.S. Government Accountability Office, these consumer funding arrangements typically fall under $10,000. However, severe motorcycle injuries often justify higher funding amounts based on projected compensation. Collaboration between your attorney and the funding company can make it easier to ensure proper repayment from your settlement when your case concludes.
Personal injury lawsuits involving serious injuries may take time to resolve, and you may need to complete medical treatment before your attorney can accurately calculate the potential damages. Accessing funding for motorcycle injury lawsuits can offer you support, which alleviates the pressure to accept the first offer from insurance companies or settlement agreements. You can better focus on your recovery while allowing your lawyer to negotiate the system and build your case.
Common Causes of Motorcycle Accidents That Qualify for Funding
Understanding how your accident occurred could help strengthen your case and improve your chances of pre-settlement funding approval. Accidents happen for various reasons, and many victims qualify for motorcycle accident lawsuit funding because the review reveals that another party is likely to bear responsibility for the crash under the law. New York’s standard no-fault laws do not typically apply Personal Injury Protection coverage to motorcyclists, although liability insurance may be required.
Funding might be more readily available to you if your case can demonstrate that someone else’s actions caused your injuries. A negligent driver may cause a motorcycle collision through preventable behaviors, such as:
- Distracted driving while texting or using the phone
- Driving under the influence (drugs or alcohol)
- Changing lanes without checking blind spots
- Speeding beyond posted limits
- Running red lights or stop signs
- Swinging open a door without checking for oncoming motorcyclists
Roadway defects and poor maintenance also contribute to serious motorcycle crashes. Potholes, uneven pavement, and missing signage can cause riders to lose control. Cases that involve government entities or maintenance contractors may extend litigation timelines and make funding necessary.
Explore the Motorcycle Lawsuit Funding Options at Apex Legal Funding, LLC
When you cannot afford to wait for a settlement, non-recourse financing can give you some breathing room so that your attorney can pursue damages. Understanding lawsuit cash advances can help you make informed decisions about your case and recovery.
Call (800) 377-4934 today to discuss the motorcycle accident lawsuit funding options available in New York through Apex Legal Funding, LLC. We offer transparent terms to injured riders throughout New York. Our team works directly with attorneys to process applications and fund eligible cases quickly.
FAQ
Below are common questions about this financial option in motorcycle accident cases.
How Quickly Can I Receive Funding for My Motorcycle Accident Case?
Many funding companies approve applications within 24 to 48 hours and transfer your funds a day or two later.
Do I Need Good Credit To Qualify for Legal Claim Financing?
No, funding companies typically do not check your credit score or employment status. These arrangements take lawsuit funding repayment from the settlement or award, not your personal finances.
What Should I Look for When Choosing Lawsuit Funding Companies in New York?
If you are seeking funding for your motorcycle lawsuit in New York, you should look for transparent pricing, speedy approval, and companies that work directly with your attorney for smooth processing.
What Happens If I Lose My Motorcycle Accident Lawsuit?
New York’s motorcycle accident lawsuit funding falls under non-recourse financing. If there is no settlement or award, the borrower would typically owe the lawsuit funder nothing.