Florida Bike Accident Loans
- Get Cash as Soon as the Same Business Day
- Rates as Low as 2.5% Simple, Monthly
- Repay $0 if You Lose Your Case
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What Are Bicycle Accident Lawsuit Loans in Florida
If you live in Florida and have been injured in a bicycle accident, you might be familiar with the term “bicycle accident lawsuit loan”. But what exactly is it? A bicycle accident lawsuit loan is essentially a pre-settlement cash advance for plaintiffs with ongoing legal claims resulting from a bike accident.
This type of loan is designed to help those who face financial strain due to their inability to work and mounting medical bills while their case is being resolved. It provides an immediate financial benefit, aiding them in tackling everyday expenses as well as unexpected costs directly related to the accident.
One important aspect of a bike accident loan from LawsuitLoans.io is that it’s non-recourse. That means if for some reason you do not win your case, you don’t have to pay back the loan. In other words, the risk lies with us. The funding simply allows a plaintiff to receive part of their future settlement now, thus helping them stay financially stable until their case settles.
How Lawsuit Loans Work
Here’s how the lawsuit loan process works in three easy steps. The entire process can be completed within 24 hours with your attorney’s help.
Apply Online or Call Toll-Free
Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.
We Review Your Case
Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.
You Receive Funds
You and your attorney review and sign our funding contract. Once complete, you can have funds within hours.
Key Information About Car Accident Loans in Florida
In Florida, LawsuitLoans.io offer car accident loans to plaintiffs who are waiting for their legal cases to settle. These are not regular loans but more of a cash advance against the expected settlement or award from the legal case.
| Average car accident loan amount by LawsuitLoans.io in Florida | $10,629.60 |
| Largest car accident loan by LawsuitLoans.io in Florida | $136,270.00 |
| Average interest rate in Florida | 20.9% |
| Median personal injury verdict in Florida | $31,000.00 |
| Florida statute of limitations | 2 Years; Florida Statutes Section 95.11(4)(b) |
| Florida fault laws | Florida is a “no-fault” state, meaning your own insurance covers your losses regardless of who caused the accident. |
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your potential savings and costs when you choose LawsuitLoans.io. While we sometimes offer rates as low as 2.5%, our calculator assumes a simple, non-compounding monthly rate of 3.3%. This calculator is for illustrative purposes only. Actual terms may differ. Please contact us for an instant, written quote for your request.
Advance Amount:
Months Until Settlement:
$2,900
Total Cost
Pay $2,900 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
$1,697
Your Savings
Save $1,428 compared to competitors on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
33%
Percent Savings
Save 33% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Am I Eligible for a Bicycle Accident Loan in Florida?
If you’ve been involved in a bicycle accident, you might be wondering if you’re eligible for a lawsuit loan. At LawsuitLoans.io, we provide financial help to plaintiffs in the middle of a legal case. But what’s the criteria? Let’s break it down:
The main eligibility requirement is that you need to have a valid legal claim. This means you’ve suffered damages due to someone else’s negligence and the case is against an insurance company or self-insured entity. No case? No loan.
Secondly, you need to have an attorney hired on what’s known as a ‘contingency basis’. This means that your attorney won’t get paid unless you win your case. If your attorney isn’t hired on a contingency basis, sadly, you won’t qualify for one of our loans.
Lastly, and most importantly, you must be at least 18 years old. We cannot, under any circumstances, fund minors.
If you meet all these criteria, you may very well be eligible for a bicycle accident loan. Feel free to visit our application page or give us a call at (800) 340-4973 for more details.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Bike Accident Claims in Florida
In Florida, bicycle accidents can happen in a variety of ways and are often caused by different factors. Understanding these types can be crucial as it can influence the outcome of a lawsuit claim.
One common type is the “Right hook” accident. This happens when a car makes a right turn without noticing a cyclist riding parallel to them. The unaware motorist may collide with the cyclist causing potential injuries.
“Dooring” is another common bike accident. It happens when a parked vehicle suddenly opens the door without checking if there’s an incoming cyclist. This sudden action makes it impossible for the moving cyclist to avoid the collision.
Lastly, “Left cross” accidents happen when a motorist turns left at an intersection without realizing a cyclist is coming from the opposite direction, leading to a direct collision between the two parties.
Florida follows “Pure Comparative Fault Law”. This law affects how much compensation a plaintiff can receive from their lawsuit. Under this law, if a cyclist is found to be 20% at fault for the accident, they can only recover 80% of the damages from the other party. Therefore, the circumstances of the bike accident and how each party contributed to it directly impact the lawsuit’s success rate.
Understanding these scenarios and laws will help plaintiffs better navigate their legal claims, particularly when aided with pre-settlement funding like what we offer here in LawsuitLoans.io.
Get Started
Apply today and get funds in as little as 24 hours!
How Much Money Can I Get From my Bike Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 to over $1,000,000. We can advance up to a maximum of 25% of your expected portion of the settlement if your case is still in progress. For settled cases, we can offer you 50% of your expected portion of the settlement.
Let’s consider an example where a plaintiff from Florida has been involved in a bike accident case. The estimated value of this case is $750,000, and it’s still being settled. Typically, medical providers receive around one-third of the settlement amount, and attorneys get another third. Thus, the plaintiff would get an approximated amount of $250,000.
In such cases, LawsuitLoans.io can advance approximately 25% of the plaintiff’s expected portion. That’s around $62,500 in advance.
Roadway Accident Cases we Fund in Florida
We fund a wide range of roadway accident cases in Florida. Here are some examples:
- Bicycle Accident Loans – Available for plaintiffs involved in bicycle accidents.
- Car Accident Loans – Available for plaintiffs who experience car mishaps.
- Commercial Vehicle Accident Loans – Provided to lawsuits involving commercial vehicle accidents.
- Government Vehicle Accident Loans – Offered for lawsuits resulting from government-owned vehicle accidents.
- Motorcycle Accident Loans – Suitable for plaintiffs convoluted in motorcycle accidents.
- Pedestrian Accident Loans – Aid for lawsuits involving pedestrians injured in an accident.
- Rideshare Accident Loans – Useful for parties involved in rideshare-related mishaps.
- Semi-Truck Accident Loans – Covering lawsuits stemming from semi-truck calamities.
Get $500 – $500,000 in as Little as a Single Business Day!
We understand that if you’re applying for funding with us, you needed the funding yesterday. With your attorney’s cooperation, we can provide funding as soon as the same business day.
Cities we Service in Florida
LawsuitLoans.io provides funding throughout Florida. See more about our funding in Florida by visiting the city pages below:
Other Cases we Fund in Florida
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Florida. Read more about the personal injury cases we fund in Florida here:
- Personal Injury Loans
- Police Misconduct Lawsuit Loans
- Medical Malpractice Lawsuit Loans
- Slip and Fall Lawsuit Loans
- Premises Liability Loans
- Dog Bite Lawsuit Loans
- Wrongful Death Loans
Read more about the roadway accident claims we fund in Florida here: