Virginia Motorcycle 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 Motorcycle Accident Lawsuit Loans in Virginia
A motorcycle accident lawsuit loan in Virginia, just like in any other state, offers a financial lifeline to plaintiffs who have been injured in a motorcycle accident. This type of loan involves providing funds to the accident victims in advance of their settlement. These are known as non-recourse loans since they are secured by the future settlement of your case.
The primary aim is to help the plaintiff manage their daily expenses and cover medical bills while they wait for their lawsuit to resolve. Seeing that some cases can consume years before reaching a verdict, motorcycle accident lawsuit loans serve as an essential resource to those who need immediate financial support.
A key feature of these loans is that if the plaintiff does not win their case, they do not need to repay the loan. This is what makes them non-recourse advances: the risk is entirely on the lender — not the plaintiff.
Motorcycle accident lawsuit loans in Virginia work like this: the loan company reviews your application and case details. If approved, they provide a cash advance based on their estimate of your future settlement. You can then use the money to cover your living costs or any other financial obligations you have while waiting for your case to resolve.
After winning a settlement, you will repay the loan from the money awarded. Again, if you lose, you are under no obligation to return the money. So, essentially, the company provides you assistance when you need it most, while betting on your success in court.
To apply, try our easy online application at LawsuitLoans.io funding application, or call us toll-free at (800) 340-4973.
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 Virginia
In Virginia, car accident loans provide financial support to individuals waiting on settlements from their legal cases. This funding option can ease economic strain during what is often a prolonged legal process. Please refer to the table below for detailed information specific to car accident loans in Virginia.
| Average car accident loan amount by LawsuitLoans.io in Virginia | $6,458.00 |
| Largest car accident loan by LawsuitLoans.io in Virginia | $32,695.00 |
| Average interest rate in Virginia | 21.0% |
| Median personal injury verdict in Virginia | $24,720.00 |
| Virginia statute of limitations | 2 Years; Title 8.01 Section 8.01-243 |
| Virginia fault laws | Virginia is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages. |
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.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Am I Eligible for a Motorcycle Accident Loan in Virginia?
If you’ve been injured in a motorcycle accident, you may be wondering if you’re eligible for a motorcycle accident lawsuit loan. The primary requirements include the following:
- You must have a valid legal claim against an insurance company or a self-insured company. This means that you are suing because of someone else’s negligence or wrongdoing.
- You must have an attorney handling your case on a contingency basis. This means that your attorney gets paid only if you win your lawsuit or secure a settlement.
- You must be at least 18 years old. This is the minimum age required to apply for a loan from LawsuitLoans.io.
It’s important to remember that each case is unique. Just because you meet these basic requirements doesn’t necessarily mean you’ll be approved for a loan. LawsuitLoans.io reviews each application on a case-by-case basis to determine eligibility.
Types of Motorcycle Accident Claims in Virginia
Motorcycle accidents can occur in many different ways and can often lead to serious injuries or even death. Understanding the common types of motorcycle accident claims in Virginia can help plaintiffs navigate the legal process more effectively. Some examples of motorcycle accidents are head-on collisions, left-turn accidents, and lane-splitting accidents.
A head-on collision is when a car or other vehicle collides with the front of a motorcycle. This can be deadly for the motorcyclist given the lack of protection they have compared to a car.
Left-turn accidents occur when a car making a left turn hits a motorcycle going straight in the opposite direction. These incidents often occur because the car driver did not see the motorcycle.
Lane-splitting accidents generally take place when motorcycles, due to their smaller size, try to move in between two stopped or slow-moving vehicles. This practice is risky and often leads to accidents as cars do not anticipate a motorcyclist passing in such close proximity.
In Virginia, the law follows the doctrine of “contributory negligence”. This means that if a plaintiff is found to be even slightly at fault for causing the accident, they could be barred from recovering any damages. As such, the circumstances surrounding a motorcycle accident are critical for the outcome of a lawsuit. It’s often necessary for the plaintiff to prove they were not at fault in any way in order to succeed in their claim.
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Apply today and get funds in as little as 24 hours!
How Much Money Can I Get From my Motorcycle Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io are versatile, as they can range anywhere from $500 to over $1,000,000. While your case is still ongoing, we can provide an advance of up to a quarter of what you’re expected to receive from the settlement. However, if your case has been settled, we can offer you half of your projected portion of the settlement.
Let’s look at an example. For this scenario, imagine you are a plaintiff in a motorcycle accident case in Virginia. The estimated value of your case is $350,000, but it has not yet come to a resolution and will not do so for some time. Here’s a helpful way to break down how the settlement might typically be allocated:
- The medical provider will often get around one-third of the settlement.
- The attorney generally takes another third of the settlement.
- The remaining portion, which amounts to roughly $115,000, would go to you, the plaintiff.
From the amount that you would receive, LawsuitLoans.io could advance approximately 25%, equating to $29,000.
Roadway Accident Cases we Fund in Virginia
We fund almost any type of roadway accident in Virginia. Here are some examples:
- Bicycle Accident Loans: Helping cyclists hurt in accidents afford medical and living costs.
- Car Accident Loans: Bearing the financial weight for victims injured in car accidents.
- Commercial Vehicle Accident Loans: Supporting victims who were struck by commercial vehicles.
- Government Vehicle Accident Loans: Funding victims involved in accidents with government vehicles.
- Motorcycle Accident Loans: Assisting motorcyclists who are dealing with injuries from an accident.
- Pedestrian Accident Loans: Easing the financial burden for pedestrians involved in road accidents.
- Rideshare Accident Loans: Supporting those involved in accidents with rideshare vehicles.
- Semi-Truck Accident Loans: Providing financial support for people hit by semi-trucks on the road.
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 Virginia
LawsuitLoans.io provides funding throughout Virginia. See more about our funding in Virginia by visiting the city pages below:
Other Cases we Fund in Virginia
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Virginia. Read more about the personal injury cases we fund in Virginia 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 Virginia here: