Semi Truck Accident Lawsuit Loans

An Overview of Semi-Truck Accident Lawsuit Loans

In the aftermath of a semi-truck accident, you may be seeking means to cover your immediate financial needs. This is where semi-truck accident lawsuit loans come into play. Essentially, these are non-recourse cash advances that help you manage your living expenses and medical bills while you’re waiting for the settlement outcome.

You don’t have to worry about credit checks or employment history as these loans are based solely on the strength and potential value of your pending lawsuit. The term ‘non-recourse’ simply means that if you lose your case, you owe nothing.

With Uplift Legal Funding, you can secure a lawsuit loan quickly and conveniently. Our process involves a simple application form, speedy approval time, and direct fund transfer to your account.

Big differences between big truck accidents and car accidents

Semi-trucks are large and often carry up to 80,000 pounds. This is far greater than the mere 3,000 pounds the typical car has. As a result, when there is an accident with a semi-truck, the damages are far more severe to the passenger vehicle than regular car accidents.

Some of the factors that go into semi-truck accidents include:

• Insurance policies – big trucks usually have bigger insurance policies due to the damage a tractor-trailer can cause
• Severe injuries – large trucks cause more severe injuries
• Property damage – typically the passenger vehicle can be completely totaled in an accident
• Medical bills – due to the more severe injuries, the medical bills associated with semi-truck accidents are extremely high

Accident statistics for semi-tractor trailers

While truck accidents do not happen as often as car accidents when they do happen they are much more likely to be fatal. This is because large trucks weigh more and cause more damage. More than 80% of all truck accidents are non-fatal to the truck driver.

Statistics

According to the Federal Motor Carrier Safety Administration, there has been a 10% increase in fatal trucking accidents between the years 2016 and 2017. In 2017, there were a reported 4,657 fatal large truck accidents. This is opposed to the 4,251 fatal large truck accidents in 2016.

Additionally, according to FMCSA, the number of injuries caused by large trucks has also increased. In 2016, there were 102,000 injuries caused by large trucks. However, this has increased by 5% in 2017, with the total number of large truck-related injury number being 107,000.

There were approximately 450,000 police reports for large truck crashes in 2017. Of those, 4,657 were fatal and 344,000 had moderate to severe injuries. 20% of all fatal crashes involved pedestrians, bicyclists, or nonmotorized vehicles.

63% of fatal large truck crashes involved two vehicles. The majority of fatal truck accidents are caused by rollovers.

7 common causes for big truck accidents

There are several common causes of big truck accidents. Below are seven of the most common causes for semi-truck accidents:

1. Fatigued driver – large truck companies often push drivers to complete a route by a certain deadline. This leads to drivers operating their trucks when they are tired, making them less aware of what is around them
2. Drugs and Alcohol – drivers have a high substance use rate. This is because they use the stimulants to stay awake while driving
3. Distracted driving – this includes texting, talking on the phone, eating, and drinking while driving
4. Speeding – due to the pressure put on drivers by their employers to meet deadlines, drivers are more likely to speed
5. Poor training – in order to drive a large truck, drivers need extensive training. Sometimes drivers do not have all the training they need which leads to them causing accidents
6. Improper cargo placement – if the cargo is not properly loaded, it could fall off leading to accidents

4 ways to you can help prevent a truck accident

Below we have listed a few ways that you can help avoid or prevent a tractor-trailer accident. While the accident typically isn’t the fault of the passenger car driver, being precautious can help avoid one.

Below are a few ways you can avoid a truck accident:

1. Avoid blind spots – the blind spots of a truck are 30 feet behind a truck, 20 feet in front of the truck, and on the drivers side along the side of the truck
2. Clear signals – make sure to use clear signals when moving. Do not use last-minute signals as you are already switching lanes
3. Space – make sure you give the truck plenty of space because there are many things that can suddenly happen to a truck that causes an accident. This includes tire blowouts, sudden braking, and high winds causing rollovers
4. Lower your brights – lower your bright lights so the truck driver can better see you

Big trucks with even bigger insurance policies

Semi truckers are usually employed by a commercial trucking company. The company almost always has a big insurance policy. This is because a truck accident can cause a lot of damage.

Due to policies being worth millions of dollars, commercial truck insurance companies will attempt to prove that the passenger vehicle was at fault.

If the company can find any way of placing accident liability on the motor vehicle, they may be able to deny the claim altogether. Another tactic they may use is to offer the injured party a low settlement in order to prevent the case from being filed.

Big insurance policies also mean that the trucking company has a handful of lawyers at their disposal. They will do whatever they need to do to make your injuries your fault.

Common questions for tractor-trailer accident lawsuits

How much funding can I get for my semi-truck accident claim?

Uplift offers as low as $500 and as high as $250,000 in legal funding. Your case value determines how much you qualify for.

If you’re severely injured, your case value can be very high. You are in a good position to get a very good rate, and enough funding to pay for your needs.

Often, semi-truck accidents involve million-dollar policy limits. With our funding you will be able to pay for as many medical bills, living expenses and court expenses as you need to, as you wait to reach your settlement.

How long does it take to get a lawsuit loan?

We can often process lawsuit loans for commercial vehicle accidents in less than 24 hours from start to finish.

We work with your lawyer to review documentation and adjust how much you will receive in funding. Remember, legal funding can be expensive, so we will always advise that you only take what you need. We can also offer rolling, monthly advances that can save you on interest over taking a lump-sum.

After the documentation has been reviewed and approved, we send you your funding. It’s that easy, quick, and efficient.

We offer three main methods of funding transfer, those include:

• Direct wire
• Western Union
• Overnight check

Regardless of which funding transfer method you choose to use, we will get your funding to you within 24 hours of approval.

Do I qualify for a car accident cash advance with Uplift?

There are only three requirements you must meet in order to qualify for a cash advance with Uplift.

Below we have listed the three requirements you must meet to qualify:

• You are 18 years of age and older – Uplift is unable to provide funding for minors
• You have an attorney – you must have an attorney before applying for funding
• You need funding – you have exhausted all other sources and you need cash now

If you meet all of the requirements above then you qualify for lawsuit loan with Uplift. Call us today at (800) 385-3660, we can get you approved in as little as 24 hours.

Uplift Legal Funding, the plaintiff favorite

Uplift Legal Funding is a plaintiff favorite because we offer no-hassle, client-focused service. We have a transparent process, and our staff stands ready to answer any questions you have.