Motorcycle Accident Pre-Settlement Funding
If you have a pending motorcycle accident claim and need immediate financial assistance, pre-settlement funding can help.
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Motorcycle accidents can result in serious and lasting injuries. If the other party is found to be at fault, you may be entitled to a settlement that helps cover ongoing medical care and related expenses. However, even when liability is clear, these cases often take a considerable amount of time to resolve.
As they wait for their cases to resolve, many accident victims struggle to pay their living expenses and medical bills. Motorcycle accident legal funding, also known as pre-settlement funding, provides a cash advance based on the anticipated settlement from your case. The expected recovery acts as collateral, allowing you to access funds to manage immediate financial needs while your claim is still pending. Because it is non-recourse, you owe nothing if you do not win your case.
What Is Motorcycle Accident Settlement Funding?
While the term “lawsuit loan” is sometimes used, motorcycle accident pre-settlement funding is not a loan. As noted, it is a non-recourse cash advance based on the estimated value of your potential settlement. Unlike traditional loans, the funding company assumes all the risk; if you lose your case, you owe nothing.
It does not require credit checks or employment verification. While many plaintiffs use pre-settlement funding to cover rent, mortgage payments, utilities, groceries, or other urgent expenses, there are typically no restrictions on how the funds may be used.
The advance, along with any fees, is repaid only when the case settles, with no monthly payments. At Mustang Funding, we offer industry-competitive rates for every six months that your case is outstanding.
How Does Pre-Settlement Funding Work for Motorcycle Accidents?
Pre-settlement funding for motorcycle accidents is a straightforward process. If you are over 18, have a pending motorcycle accident claim, and representation, here’s how it works:
You can apply online. The application requests basic information, including your name, address, details about your case, and your lawyer’s contact information. Your attorney must cooperate with the funding company for it to consider your funding request.
Understanding the Review Process
The legal funding team evaluates your case with your lawyer, focusing on the strength of your claim and the estimated settlement value. Your lawyer provides key documents, such as medical records, police reports, and court filings, which the funding company reviews. Cases where liability is clear, such as when the other party was intoxicated or violated traffic laws, are more likely to be approved for funding.
The evidence and case strength drive the decision. If the application is approved, a funding proposal is sent to your attorney for review. Once it is signed and returned, the plaintiff typically receives their funds in 24 to 48 hours.
Finally, while pre-settlement funding is becoming more widely available, some states prohibit lawsuit advances at this time. Ask your lawyer or contact us directly. We’d love to see if we can help.
How Much Funding Can You Get for a Motorcycle Accident Case?
The amount of legal funding available in a motorcycle accident case depends on several case-specific factors, including the severity of your injuries, your long-term prognosis, and your ability to return to work. Your lawyer and the funding company know an estimated settlement value based on similar settlements and the defendant’s insurance coverage and assets.
Advance amounts typically fall in the range of roughly 10 % to 20 % of your estimated settlement value, after accounting for attorney fees, medical liens, and other case-related costs. However, the actual amount greatly depends on the individual merits and stage of your case.
Why Motorcycle Accident Lawsuits Take Time to Resolve
Motorcycle accident claims can take several months, or even longer, to resolve. While timelines vary based on the specifics of the case, it’s not uncommon for settlements to take six months to a year or more. Generally, the higher the potential settlement, the more time the process may require, as insurers often conduct more extensive reviews and negotiations in higher-value cases.
Common Reasons for Delays in Motorcycle Accident Claims
Several additional factors can contribute to delays in resolving a motorcycle accident claim, including the following:
- Disputes Over Liability – Motorcycle accident claims frequently encounter delays due to insurance companies disputing liability. Insurers may attempt to shift blame onto the motorcyclist, arguing that they were partially or fully responsible for the crash.
- Bias Against Motorcyclists – Insurance adjusters sometimes portray motorcyclists as inherently reckless, which can lead to increased scrutiny and prolonged negotiations.
- Severe Injuries Requiring Documentation – Serious injuries often require extensive medical treatment and thorough documentation. Insurers may challenge the extent or cause of the injuries, further delaying the process.
- Waiting for Maximum Medical Improvement (MMI) – Attorneys often wait until the injured party reaches MMI, when no significant medical improvement is expected, before calculating damages. This ensures long-term medical needs and economic losses are accurately assessed, but can take months or longer.
Benefits of Pre-Settlement Funding for Motorcycle Accidents
Pre-settlement funding offers crucial financial support for motorcycle accident victims while their case is pending. Benefits include:
- Immediate Access to Cash – Helps cover urgent expenses such as rent, utilities, groceries, or medical bills during recovery.
- No Credit or Employment Checks – Approval is based on the strength of your case, not your financial background.
- Non-Recourse Funding – You only repay the advance if you win or settle your case; there is no personal liability if you lose.
- Stabilizes Finances During Delays – Provides financial breathing room while waiting for medical treatment or for the case to reach a fair settlement.
- Strengthens Legal Position – Allows your attorney to negotiate from a stronger position without pressure to settle early due to financial stress.
While pre-settlement funding can offer critical financial relief, it’s important to understand the terms before accepting an advance. Speak with your attorney to ensure it aligns with your long-term interests.
Contact Mustang Funding Today
Learn more from our ultimate guide to pre-settlement funding. Mustang Litigation Funding, located in Wayzata, MN, offers ethical institutional litigation funding to support justice. Contact us today if you have questions. Our team members are always within reach and ready to talk whenever your funding needs arise.
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