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 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.

These types of funding are beneficial because they ensure 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 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 a Uber, Lyft, or Taxi car and driver, we will fund your case within 24 hours. Taxi, Lyft, and Uber accident lawsuit loans are relatively easy to process because there is a large insurance policy. This is because all of the above are commercial vehicles, which is not usually the case with average car accidents. All we care about in these cases are 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 injury.

With increasing numbers of Ubers and Lyft’s on the road, more and more accidents involve one of these services. Often, drivers will be working 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, 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 have the same likelihood of severe and fatal injury as well as the same likelihood of an accident occurring. However, there is a higher likelihood of all of your injuries being covered if you are in an accident while in a rideshare service.

Rideshare companies like Uber and Lyft have very big 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, typically their insurance will cover the damages up until the policy limits. After exhausting those policy limits, claimants can go after the uninsured motorist coverage.

Basically, whoever is at fault in an Uber accident, Lyft accident, or taxi accident, there is substantial coverage to recover damages from.

National statistics and common causes

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

According to the report released by Uber, between the years 2017 and 2018, there were 97 fatal crashes. Of those crashes, there were 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 sharp 7.2% increase in car accident fatalities when rideshare apps began to popularize. They increased another 5.6% in 2016.

They are relating this increase as the result of rideshare apps increasing the number of miles driven.

Common causes

Rideshare accidents have the same common causes as typical car accidents. A few of those 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 in order to ensure you receive a proper settlement.

Directly after your accident, you should alert your rideshare app that you have been in an accident. Typically, there is a section on the app that allows you to alert the company that you have been in an accident.

After you have alerted the app you should do 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

You can potentially have three insurance policies you can receive compensation from. Your drivers, the other drivers, and the rideshare company. 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 on Uber.

In their 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. Afterward, all we have to do is confirm 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?

Once we have your application, we will ask your attorney for details on liability and damages. Once we have this info, we will be able to come to an estimated value for your case. Lawsuit loan approval for taxi, Uber, and Lyft cases mostly depends on case values.

Sometimes, cases involving Uber, Lyft, and taxi drivers can have very high values. We will approve you for the most 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 comes?

We work with a wide range of options for delivery. No bank account is necessary. We can wire transfer, next-day air a check, or send via Western Union or MoneyGram – all with 0 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. This is typically a range of 17.5%-22.5% every 6 months. Our rates are simple and non-compounding. This means that we never charge rates on already accumulated funds. We charged based on your original fund 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 about 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.