Florida Bike Accident Loans

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.

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.

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.

Bike Accident Loan Process in Florida

When you’re embroiled in a pedestrian versus auto lawsuit, finding financial stability amidst legal turmoil can be a challenge. But with LawsuitLoans.io, we can help. Our loan process is simple and comes in five main steps:

• Apply online: Start your loan application process through our website. It’s quick, convenient, and shockingly easy.
• We contact your law firm: Once you’ve applied, we’ll get in touch with your legal team to gather more information about your case.
• We review your case: After we get the details of your case from your law firm, our legal experts will assess it. We’re trying to determine if we can give you the pre-settlement funding you need and how much.
• You sign a contract: If your case gets approved, we will then present a contract for you to sign. This agreement outlines the terms of the loan and the repayment plan.
• You get funds: Once everything is signed, you’ll get your funds. You can use this money to take care of medical bills or any other expenses while waiting for your settlement.

Let’s say, for instance, John was involved in a bike accident with a vehicle in Florida. Due to no fault of his own, he sustained severe injuries causing him to miss work and face escalating medical costs. John decides to apply for a lawsuit loan from LawsuitLoans.io.

We reached out to John’s law firm, received the necessary details, and ascertained his chances of obtaining a favorable settlement. After reviewing his case, we concluded that John should be eligible for a loan. We sent him a contract outlining his loan amount, fees, and the expected payback schedule. Once he signed and returned our contract, we quickly sent him his funds. Now, John has the financial support he needs as he waits for his lawsuit to settle.

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.

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.

Major Cities we Serve in Florida

LawsuitLoans.io is proud to offer funding support to plaintiffs in need, all across the Sunshine State. Here are the top 10 most populated cities in Florida that we serve:

1. Jacksonville
2. Miami
3. Tampa
4. Orlando
5. St. Petersburg
6. Hialeah
7. Port St. Lucie
8. Tallahassee
9. Cape Coral
10. Fort Lauderdale

No matter where you live in the state or even across the entire nation, LawsuitLoans.io is ready to help you get the funding you need as you await the resolution of your legal case. To find out more about our services or to apply for funding, visit our website or call us toll-free at (800) 340-4973. You can also submit an application directly by visiting our funding application page.

Florida Bike Accident Funding FAQs

Often, many people have questions about lawsuit funding, particularly regarding bike accidents. Here are a few frequently asked questions from Florida residents:

How much does it cost to get a bike accident lawsuit loan?

The cost of a bike accident lawsuit loan varies based on the specifics of your case and the length of time until settlement. The team at LawsuitLoans.io can help you understand these costs better after evaluating your application.

Do I qualify for a lawsuit loan on my bike accident case?

To qualify for a lawsuit loan, you must be represented by a lawyer, have a strong case, and stand to receive a settlement. Other factors also come into play, such as the expected length of the case and jurisdiction.

Can you get a loan on a bike accident settlement?

Yes, you can get a loan on a bike accident settlement. This type of funding is called post-settlement funding, which is provided after a settlement has been reached but before the funds are disbursed. However, eligibility criteria apply, so it’s best to get in touch with us at LawsuitLoans.io or call us on our toll-free number (800) 340-4973 for more information.

Cities we Service in Florida

LawsuitLoans.io provides funding throughout Florida. See more about our funding in Florida by visiting the city pages below:

• Jacksonville
• Miami
• Tampa
• Orlando
• St. Petersburg
• Hialeah
• Port St. Lucie
• Tallahassee
• Cape Coral
• Fort Lauderdale
• Pembroke Pines
• Hollywood
• Gainesville
• Miramar
• Coral Springs
• Palm Bay
• West Palm Beach
• Clearwater
• Lakeland
• Pompano Beach

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:

• Car Accident Loans
• Rideshare Accident Loans
• Pedestrian Accident Loans
• Motorcycle Accident Loans
• Semi Truck Accident Loans
• Commercial Vehicle Accident Loans
• Government Vehicle Accident Loans