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 ways 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 wait 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, and a direct fund transfer to your account.

Major differences between big truck accidents and car accidents

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

Some of the factors involved in semi-truck accidents include:

• Insurance policies – Big trucks usually carry larger insurance policies due to the damage a tractor-trailer can cause.
• Severe injuries – Large trucks cause more severe injuries.
• Property damage – The passenger vehicle is typically 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. In fatal truck accidents, more than 80% of the fatalities are not the truck driver.

Statistics

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

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

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

Sixty-three percent of fatal large truck crashes involved two vehicles. A significant portion of fatal truck accidents are caused by rollovers.

6 common causes for big truck accidents

There are several common causes of big truck accidents. Below are six 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 their surroundings.
2. Drugs and alcohol – Drivers have a high substance use rate. This is often because they use 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 you can help prevent a truck accident

Below are four ways you can help avoid or prevent a tractor-trailer accident. While these accidents typically aren’t the fault of the passenger car driver, being cautious can help avoid one:

1. Avoid blind spots – The blind spots of a truck extend up to 30 feet behind the truck, 20 feet in front of the truck, and along the sides of the truck.
2. Clear signals – Make sure to use clear signals when moving. Do not use last-minute signals when you are already switching lanes.
3. Space – Make sure you give the truck plenty of space, because many sudden events can cause an accident. These include 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-truck drivers are usually employed by commercial trucking companies. These companies almost always carry large insurance policies because truck accidents can cause significant damage.

Because these policies are often worth millions of dollars, commercial truck insurance companies will attempt to prove that the driver of the passenger vehicle was at fault.

If the company can find any way to place liability on the other driver, they may be able to deny the claim altogether. Another tactic they may use is offering the injured party a low settlement to prevent a lawsuit from being filed.

Large insurance policies also mean that the trucking company has a team of lawyers at its disposal. They will do whatever they need to do to make the accident look like your fault.

Common questions for tractor-trailer accident lawsuits

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

Uplift offers between $500 and $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 competitive 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 medical bills, living expenses, and court costs while you wait to reach a 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 determine 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 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:

• Direct wire
• Western Union
• Overnight check

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

Do I qualify for a semi-truck accident cash advance with Uplift?

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

• You are 18 years of age or 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 need cash now.

If you meet all of the requirements above, you qualify for a 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.