Lyft Car Accident Lawsuit Funding
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Using a rideshare service like Uber or Lyft can be a convenient way to get around. But, while hailing a ride is generally safe (both platforms report that more than 99% of trips occur without incident), accidents sometimes happen. [1]
Unfortunately, between 2017 and 2019, 105 Lyft passengers died due to a motor vehicle crash involving the car they were in. [2] Uber accidents between 2021 and 2022 sadly resulted in 153 fatalities – 95% caused by a third-party driver’s negligence. [3]
Even non-fatal accidents can have serious consequences, such as pain and suffering, expensive medical bills, and lost wages. If you’re a victim, filing a Lyft accident lawsuit could help you receive the compensation you need to recover physically, mentally, and financially.
Lyft lawsuits can take a long time to resolve though. And many people struggle to make ends meet while they’re waiting for the outcome of their case.
That’s where a lawsuit loan, also known as pre-settlement funding, could help. With this funding, you get an advance of your Lyft accident settlement, which you can use to pay your bills and cover other expenses while your case is in process. Plus, you only need to repay if you win your case.
Key Takeaways
- Taking a Lyft ride is generally safe, but accidents sometimes happen.
- If you’re injured in a Lyft accident, you may be able to get compensation from Lyft’s liability insurer.
- If Lyft’s insurance company doesn’t offer you a fair settlement deal, you’ll have to go to court to seek damages.
- It can take months or years for your case to be resolved, potentially putting you in a tough financial spot.
- A Lyft accident settlement loan can help cover your expenses while you wait for a jury to decide your case.
Common Causes of Lyft Accidents
A driver may cause a Lyft accident if they are:
- Distracted while driving (e.g., texting, changing the radio station, or eating)
- Failing to obey traffic rules, such as running stop signs or red lights
- Under the influence of drugs and/or alcohol
- Speeding
- Driving aggressively
- Operating at unsafe speeds for the current weather conditions (i.e., not slowing down and proceeding cautiously in the rain, snow, fog, etc.)
A study from the U.S. National Library of Medicine also reveals how driver fatigue can play a role in ridesharing accidents. As the report points out, Lyft drivers are often working full-time day jobs and then taking on work as a Lyft driver as a side gig. This means that many Lyft drivers are overworking themselves to the point of exhaustion, and getting behind the wheel of a car in that physical state can be extremely dangerous
How Much Is a Lyft Accident Settlement Worth?
A Lyft car accident settlement may be worth six or seven figures. However, the specific amount you receive can vary based on several factors (described below).
Factors That Determine Settlement Amount
Factors that go into determining your settlement amount include, but aren’t limited to:
- Your medical expenses
- Any lost wages or earning potential
- Pain and suffering (physical, mental, or emotional)
- Insurance coverage (Your Lyft driver must carry personal insurance but is also covered by a company liability policy for up to $1 million in damages.)
You may also be eligible for punitive damages if the driver is found guilty of gross negligence and intentionally engaged in unsafe behavior that caused the crash.
When a Lyft Accident Lawsuit Loans Might Make Sense
Because ridesharing accident claims can be a little more involved than other types of lawsuits, they can take longer to settle than typical personal injury cases. It can be frustrating waiting to receive settlement money.
After all, you may depend on this money to cover bills and expenses (potentially including a plethora of medical bills due to the accident). Because of the extent of your injuries, you may have been forced to take time off work. A loss of wages can add more stress to the mix because this often means that other household bills and expenses will begin to accumulate.
If you lost a loved one as a result of a Lyft accident, you may also be struggling financially to cover funeral costs and other expenses. In addition, you may need to make up for the lack of financial contributions that the individual made toward household expenses.
If you are struggling financially because of a Lyft accident and are pursuing damages, pre-settlement funding may help.
A Lyft accident lawsuit loan is a cash advance of a percentage of your anticipated settlement. Amongst other benefits (which we’ll get to later), you can use the funds make ends meet while you wait for your case to end.
Think You Have a Case?
Call us toll-free at (877) USClaims to speak with a friendly funding specialist today.
Who Qualifies for Lyft Accident Lawsuit Loans?
Any car accident can cause pain, trauma, and financial challenges. However, you need to meet certain criteria to qualify for a Lyft accident lawsuit loan. We’ll dig into each parameter below.
Types of Eligible Claimants
You must be one of the following to be a plaintiff in a Lyft accident lawsuit case:
- A passenger in a Lyft vehicle
- A pedestrian hit by a Lyft driver
- A cyclist hit by a Lyft driver
- An occupant in another vehicle hit by a Lyft driver
The Lyft Driver Must Be at Fault
The Lyft driver must be responsible for the crash. In other words, their careless behavior, known as negligence, must have caused the incident.
The police, the insurance company, and the court determine fault. These entities carefully review the facts of the situation, which can include witness statements, police reports, accident scene photos and analysis, surveillance footage, and other evidence.
Lyft Accident Lawsuit Process
Filing a lawsuit can be an overwhelming and intimidating experience. However, it helps to know what to expect. Here are the general stages of the process:
- Hire an attorney. A competent lawyer can help you navigate the legal system and get the compensation you deserve.
- File a claim with Lyft’s insurance company. Your lawyer will present a claim to the other driver’s insurance company.
- Wait for the investigation to end. Both parties, especially Lyft, will review the circumstances of the incident to determine who is liable.
- Negotiate a settlement. Your lawyer will try to persuade the insurance company to pay you a fair amount for the damages you suffered.
- Go to trial if a settlement is not reached. If your lawyer and Lyft cannot agree on a settlement amount, your case will go to trial where a jury will decide fault and how much you are owed.
- Wait for the verdict. If you win, you’ll receive your funds, pay your attorney, and try to move past this chapter in your life.
The court can move slowly, and your case could take months or years to resolve. A lawsuit loan can give you the money you need to live comfortably in the meantime. The pre-settlement funding process is fast, so you could have your cash in as little as 24 business hours.*
Benefits of Getting Lyft Accident Pre-Settlement Funding
There are many benefits of getting Lyft accident pre-settlement funding. Here are the most significant perks:
Helps Cover Your Bills
Pre-settlement funding puts the cash you need to pay your bills in your bank account. That way, you don’t have to use credit cards or take out expensive loans to cover your expenses. Plus, you’ll keep your creditors happy and maintain a solid credit score.
USClaims offers pre-settlement funding from $500 to $1,000,000, empowering you to pay for whatever you need while you wait for your case to end.
You Can Wait for a Fair Settlement
If your case drags on for a long time, your financial situation may become desperate – especially if you’re unable to work due to your injuries. When you’re stressed about money, you may be more inclined to accept a low-ball settlement deal. A lawsuit loan can take that anxiety off your plate, giving you the financial (and mental) space to breathe and wait for a fair offer.
No Repayment if You Lose Your Case
Getting a lawsuit loan is risk-free. Pre-settlement funding is nonrecourse, so you don’t have to repay us if you don’t win your case.
Use the Funds However You Need
You can use the money however you see fit. Generally, lawsuit plaintiffs use their funds to cover their:
- Rent or mortgage
- Car payment
- Utilities
- Groceries
- Medical expenses
- Insurance premiums
- Debt payments
We’ll never ask you for receipts or any other documentation supporting how you spent the cash. As soon as the money hits your account, it’s your business.
No Monthly Payments
Pre-settlement funding is a cash advance of a portion of your anticipated settlement amount – not a traditional loan. That means you don’t have to make monthly payments while you wait for your case to resolve.
Instead, your lawyer will send us a lump sum payment from your settlement proceeds. It’s worth noting that with USClaims, your repayment obligation will never exceed twice the advanced amount.
See How Lyft Accident Lawsuit Loans Have Helped People Like You
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with USC in the past. USC does not control the content of such reviews.
with USC in the past. USC does not control the content of such reviews.
Where USClaims Provides Funding
USClaims provides funding in 45 out of 50 states. However, due to current state laws, we’re unfortunately unable to help plaintiffs in Arkansas, Kentucky, Maryland, Montana, West Virginia, and Washington, D.C.
Contact USClaims for Lyft Accident Funding Today
Getting into a Lyft accident can be extremely painful and financially stressful. At U.S. Claims, we can offer you money sooner through a lawsuit advance, also known as pre-settlement funding.
You can get your money fast without a credit check or monthly payments. Plus, you don’t need to worry about carrying debt. If you don’t win your case, you don’t repay the advance.
If you have any questions about the process, we’re available to help. Contact us today to learn more about pre-settlement funding, find out if your lawsuit qualifies, and get started.
Lyft Accident Settlement FAQs
What happens if a Lyft driver gets in an accident?
If your Lyft driver gets in an accident, get somewhere safe, seek emergency medical treatment if needed, and report the incident via the Lyft app. Then, you may want to seek legal counsel and potentially file a Lyft accident lawsuit to pursue charges and repayment for the damages you suffered.
Can you sue Lyft for an accident?
You can sue Lyft for an accident if you can prove the company was negligent. An example of company negligence could be ignoring a driver’s history of traffic violations, criminal offenses, or aggressive driving behaviors.
Does Lyft cover accidents?
Lyft does cover accidents. The company provides up to $1,000,000 in liability coverage per incident.
Have Questions?
Our pre-settlement funding experts will walk you through our entire process.
Sources
- D, David. “Dordulian Law Group.” Dordulian Law Group, 22 May 2024, www.dlawgroup.com/uber-lyft-rideshare-accident-statistics-2024/.
- Community Safety Report. Lyft, 2019, https://assets.ctfassets.net/q8mvene1wzq4/4jxkFTH5YCQK8T96STULMd/4269e14dbcb8578ff64da45df08b8147/Community_Safety_Report.pdf.
- US Safety Report. Uber, 2022, uber.app.box.com/s/lea3xzb70bp2wxe3k3dgk2ghcyr687x3.
Disclaimer: Throughout this website, the term “loan” may be used for convenience to describe pre-settlement funding. However, such transactions are not loans in the legal sense. Repayment is strictly contingent upon the successful resolution of your case. If your case is unsuccessful, no repayment is required. Common terms like “lawsuit loan” are used colloquially but misrepresent the nonrecourse nature of pre-settlement funding.
