Taxi, Lyft, and Uber Accident Lawsuit Loans

Understanding Rideshare Accident Lawsuit Loans

If you’ve been in a taxi, Uber, or Lyft crash, managing expenses while awaiting a settlement can be tough. This is where rideshare accident lawsuit loans from Uplift Legal Funding come in. It’s not really a loan; rather, it’s a cash advance against your potential lawsuit settlement. In other words, we provide the financial support you need during your legal challenge.

This type of funding is beneficial because it ensures you do not struggle to meet daily costs and pay bills while your lawyer fights for your rights. Plus, this financing is non-recourse, which means that if you don’t win your case, you owe us nothing. Choose Uplift Legal Funding for easy, fast, and reliable financial help during your difficult times.

Why choose Uplift?

If you were in an accident involving an Uber, Lyft, or taxi, we will fund your case in as little as 24 hours. Taxi, Lyft, and Uber accident lawsuit loans are relatively easy to process because they involve large insurance policies. This is because these are commercial vehicles, which is not usually the case with average car accidents. All we care about in these cases is liability and the extent of damages.

If a ride-sharing or taxi driver was at fault, Uplift Legal Funding can get you anywhere from $500 to $250,000, depending on the extent of your injuries.

With increasing numbers of Ubers and Lyfts on the road, more and more accidents involve one of these services. Often, drivers work long hours or late at night—mistakes happen. That’s where Uber and Lyft accident loans come in.

Though we can’t change what happened, we can certainly make your personal injury lawsuit a heck of a lot easier and less stressful. Being injured is tough, and dealing with mounting living expenses can be even tougher.

This is where Uplift comes in. We’ll help you get back on your feet so you can wait for a fair settlement from an insurance company. Lyft and Uber accident loans might actually help you get a larger settlement.

Difference between rideshare accidents and regular car accidents

On the technical side of things, car accidents and rideshare accidents are the same. They both carry the same likelihood of severe or fatal injuries, as well as the same likelihood of an accident occurring. However, there is a higher likelihood of all your injuries being covered if you are in an accident while using a rideshare service.

Rideshare companies like Uber and Lyft carry large insurance policies. This applies to uninsured (or underinsured) motorist coverage as well. This is typical of any commercial vehicle carrying passengers.

If another party was at fault for the accident, their insurance will typically cover the damages up to the policy limits. After exhausting those policy limits, claimants can pursue underinsured motorist coverage.

Basically, no matter who is at fault in an Uber, Lyft, or taxi accident, there is substantial coverage available to recover damages.

National statistics and common causes

At the time of publication of this article, there is little to no data on the accident and fatality rates of rideshare companies. Uber recently released some data, which we will use for the remainder of this section.

According to a report released by Uber, between 2017 and 2018, there were 97 fatal crashes. These crashes resulted in a total of 107 deaths.

A major study argues that there has been a sharp increase in car accident fatalities since ridesharing became more popular in 2010. According to the study, there was a 7.2% increase in car accident fatalities when rideshare apps gained popularity. Fatalities increased another 5.6% in 2016.

The study attributes this increase to rideshare apps increasing the number of miles driven.

Common causes

Rideshare accidents share the same common causes as typical car accidents. A few of these include:

• Speeding
• Brake failure
• Tire failure
• Drowsy driving
• Poor weather conditions
• Miscalculated turns
• Driving under the influence

What to do if you are a passenger in a rideshare accident

After you are in a taxi or rideshare accident, there are a few steps you’ll want to take to ensure you receive a proper settlement.

Directly after your accident, you should report it on your rideshare app. Typically, there is a section on the app that allows you to alert the company.

After you have alerted the app, you should take the following steps:

1. Lyft/Uber driver’s info – name, address, and phone number
2. The other driver’s info – name, address, and phone number
3. Insurance information – it’s important to get insurance info for all involved parties
4. Vehicle information – registration number, make, model, and license plate numbers for any cars involved
5. Document – take pictures and notes regarding any injuries or vehicle damage

There are potentially three insurance policies you can receive compensation from: your driver’s, the other driver’s, and the rideshare company’s. This is why it is important to get all of the information above before you contact your attorney.

Non-accident-related injuries

One of the most common reasons for using a rideshare service is to avoid driving while intoxicated. While there is no data for Lyft and taxis at the time of publication, there is data for Uber.

In its safety report, Uber stated that there were nearly 4,000 assault cases reported between 2017 and 2018. If you are assaulted or a driver attempts to assault you while you are in a rideshare vehicle, you are entitled to compensation.

The Trusted Source for Lawsuit Loans in Taxi, Uber, and Lyft Cases

All you have to do is apply online or give us a call at (800) 385-3660. After a brief consultation, we will be happy to let you know how much legal funding you likely qualify for. Then, we just need to confirm the details with your attorney.

Ride-sharing and taxi accident loans FAQs

Below, we have answered some common questions about Uber, taxi, and Lyft accident lawsuit loans.

How do I get approved for an Uber accident lawsuit loan?

After receiving your application, we will ask your attorney for details on liability and damages. Once we have this information, we will be able to estimate the value of your case. Lawsuit loan approval for taxi, Uber, and Lyft cases mostly depends on case value.

Sometimes, cases involving Uber, Lyft, and taxi drivers can have very high values. We will approve you for the maximum amount we think your case qualifies for and encourage you to only take as much money as you need.

I’m approved for my Lyft legal funding; how long until the money arrives?

We offer a wide range of delivery options, and no bank account is necessary. We can wire transfer, send a check as soon as the next day, or send funds via Western Union — all with zero upfront fees.

What rates does Uplift charge for taxi cash advances?

At Uplift Legal Funding, we offer much lower rates than many of our competitors. These typically range from 17.5% to 22.5% every six months. Our rates are simple and non-compounding. This means that we never charge interest on already accumulated funds. We charge based on your original funded amount.

Repayment of the lawsuit loan is based on the success of your case. If you don’t win, you don’t have to pay the cash advance back. It’s that simple. If your settlement is lower than the total amount of the cash advance, you don’t have to repay the full amount. Uplift wants to help you as much as possible.

Uplift Legal Funding – How We’re Different

Uplift is a little different from most legal funding companies. We are transparent with clients, we offer a best-rate guarantee (send us another company’s contract and we’ll beat it), and we use our significant industry experience to get you the best rate possible with a fast turnaround time.

We think we’re the best in the industry, and we hope you’ll feel the same way.

Give us a call today at (800) 385-3660 or apply online to learn how we can help you. There is no obligation and no fee. We are happy to tell you more about car accident lawsuit loans and help you get the best rates possible.