Apply now and get pre-settlement funding approval in as little as 24 hours!
Bicycle accidents can be particularly devastating. This is because bike riders have little to no protection from the motorized vehicles that collide with them. This can result in painful reconstruction surgeries, with extremely high medical bills.
On top of that living expenses do not go away, and regular living expenses such as groceries and other necessitates need to be provided for. Before taking out a risky loan from a loan shark agency, you should consider getting a bike accident lawsuit loan.
Here at Provident Lawsuit Loans, we provide you with the cash advance you need in order to comfortably make ends meet. The purpose of bicycle accident lawsuit loans is to help you during this extremely difficult time.
Provident legal funding offers the lowest cash advance rates in the industry. We charge simple non-compounding rates so your repayment of the lawsuit funding is low. We want you to be able to keep as much of your settlement as possible.
We guarantee that we are offering the best bicycle accident lawsuit loans on the market. If you think you have found a better legal funding company than us, send up a cash advance contract. We promise we can beat it by offering you better pre-settlement funding options.
The best part is, if you don’t win your bicycle accident lawsuit, you do not have to pay the pre-settlement funding back. You get to keep the pre-settlement funding on us, as a way to help pay for your injuries. We will get you your funding within 24 hours of approval.
Bike accident approval factors
Below we have listed the key factors that affect the likelihood of your case qualifying for pre-settlement funding. If your personal injury bicycle accident meets the criteria below then you will qualify for pre-settlement funding from Provident. We will get you your funding within 24 hours of approval.
- Liability – refers to who was at fault for your bike accident. If the other party was at fault or mostly at fault, this is usually easy to establish.
- Damages – refer to the amount of money you should be due as a result of your injuries. If you have substantial medical damages as a result of your bicycle accident, you’re also likely to have economic damages from being out of work
- Coverage – the effective maximum for your case value. Coverage is typically just a question of what insurance the person who injured you has. Most states have minimum insurance coverage mandates.
While it is not as important as the other three factors if you have previous funding that may impact the likelihood of you receiving additional funding for your accident injuries. This is because your cash can only be advanced between 5% and 20%. If you have received previous bicycle accident funding that fills that range, we may be unable to grant you additional funding.
Bicycle Accident Statistics
According to the CDC, persons aged 50 – 59 have the highest bicycle accident death rates, while children and young adults aged 5 – 19 have the highest injury rates.
IIHS statistics clearly show that the majority of bike accident fatalities involve a rider not wearing a helmet. Despite this fact, many states do not require helmet use for adults.
A total of 854 individuals died as a result of bicycle accidents in 2018. That was a 7% increase from the number of accidents in 2017.
Common causes
There are a few common causes for a bicycle accident. The severity of the accident injuries generally depends on what caused the injury in the first place.
- Opening door – a biker is hit by a door being opened by a car
- Rear-ending – drivers underestimate how close to the bike they are and hit them
- Turning – drivers turn to the right without checking if there is a biker
- Sideswipe – when switching lanes, cars hit bicyclists
- Crossing in front – drivers do not properly estimate the size of the biker’s wheels and when moving in front hit the bike
Right of way
When it comes to riding on the street, bikes and cars have equal rights of way. However, there are special laws that come into play when there is no biking lane, and bikers are required to drive on the far right of the road.
Unfortunately for bikers, it is hard to prove liability on the car in bike accidents. This is typical because there are more rules the biker has to follow in order to prevent an accident.
Below we have listed some of the ways a car would be proven at fault:
- Door – opening a door without looking and hitting a biker
- Turning – turning into a cyclist
- Clipping – hitting a cyclist while driving (either in front or back)
Other than that it is difficult to prove the bike accident is the fault of the car driver. This is why witnesses and video footage are particularly important in these cases. They help determine liability if the accident isn’t as clear-cut as one of the reasons listed above.
Comparative Negligence in Bike Accidents
Bicycle accidents often involve comparative liability or comparative negligence. A responding police officer often tries to determine which party is liable for the accident. They conduct a brief investigation by speaking with all participants and any third-party witnesses.
Based on this information, in addition to basic accident reconstruction based on physical evidence, a police officer determines fault for the accident and issues citations for any contributing traffic infractions or moving violations.
While a traffic accident report isn’t the end-all-be-all, it is an excellent tool for lawyers and pre-settlement funding companies alike. If you or your attorney disagree with the results of a traffic accident report, your lawyer may hire an expert in accident reconstruction to review the report and assert a different opinion.
Bicycle accident lawsuit loans requirements
Qualifying for a bicycle accident lawsuit loan is easy. You likely apply if you meet the following three criteria:
- 18 years and older – Provident cannot provide settlement loans to minors
- Attorney – you must have an attorney due to the nature of pre settlement funding
- Need cash – is you need cash now for your bicycle accident
How much bicycle accident lawsuit funding can I Get?
Here at Provident, we will do everything in our power to get you the amount of funding you request. We offer a funding range that is as low as $500 and as high as $250,000. Generally, we will be able to advance you anywhere between 5% and 20% of your total case value. The higher the case value the more you can receive in funding for your injuries.
What rates does Provident charge?
Provident charges simple non-compounding rates once every six months. We charge between 17.5 and 22.5%. Additionally, you will never have to pay back more than twice what you owe. Lastly, if you do not win your case, you do not have to pay us back. Call now, we will have your settlement loan within 24 hours of approval.
Provident Lawsuit Loans
Biking can be a healthy, inexpensive way to commute, but if you live in a major city, you’ve heard of some major accidents. Cars tend to not give cyclists the right of way that they are entitled to, causing collisions and side-swipes. Even if the street has a bike lane, cars often ignore the rules of the road, making life for bike commuters very dangerous.
Bike accident lawsuits can involve very significant damages, especially in the case of wrongful death. For pre-settlement funding purposes, if you have suffered severe damages as a result of a bike accident, it will likely be important for a pre-settlement funding company to know the defendant’s insurance policy.
With an unknown policy, unless the accident involved a commercial vehicle, a funding company may have to assume state minimum policy limits until the actual limits are provided in discovery.
At Provident, we know just how debilitating a bicycle accident can be. That’s why we want to help put the power back in the hands of the victims. Your access to justice should not be based on your access to capital. We are here to level the playing field and help you get the compensation you deserve.
Apply now to get settlement loans within 24 hours after approval.