Uplift provides non recourse pre settlement lawsuit loans in Conneticut

Connecticut Lawsuit Loans

Uplift Legal Funding provides non-recourse lawsuit loans in Connecticut. With a population of 3,590,886, Connecticut is the 29th largest state in the United States, and ranks 22nd for per capita fatal injuries (D.C. included).

Because funding regulation is complex, Uplift developed a funding-ease scale. This scale helps plaintiffs understand what part their state plays in lawsuit loan decisions. On a scale of 0 to 10, Connecticut scores a 10.0. This means that we consider it very easy for plaintiffs to get lawsuit loans in Connecticut. Read more information below about the legal funding environment in Connecticut.

Connecticut Personal Injury Statistics

Connecticut has a yearly injury death rate of 53.7 per 100,000. This places Connecticut much lower than the national average of 60.1, by about -10.5%.Connecticut residents drive an estimated total of 32 billion miles yearly, which means that the average resident drives about of 8,798 miles per year.

To compare, that’s 8.6% lower than the national average of 9,630 miles per year.

Aside from miles driven, local seatbelt use and drunk driving habits play a large part in the car accident death rate. In Connecticut, residents are about average when it comes to buckling up, reporting a usage rate of 87.0%.

The drinking rate in Connecticut, measured as the percent of people who reported drinking too much before driving in the prior month, is 13.6% higher than the national average of 1.8% at 2.1%.Partly because of these factors, Connecticut’s car accident fatality rate is 7.4. This compares favorably to the US national average of 10.9, and costs the state $407 million yearly.

Connecticut Legal Funding Cheat Sheet

According to Conn. Gen. State. Sec. 52-584; the civil statute of limitations in Connecticut is 3 years. This means that you may lose the right to sue for negligence if you do not file your lawsuit within the limit. The degree to which plaintiff negligence impacts the liability claim varies from state-to-state.

Connecticut’s guideline is modified comparative fault with a 51% threshold. This means that if a defendant is uncollectable, relevant damages may be spread among the remaining defendants according to share of liability – C.G.S.A. § 52-572(h). Its important to keep in mind that if you request car accident lawsuit loans early-on in your claim, legal funding underwriters must assume Connecticut state minimum policy limits of:

  • $20,000 bodily injury liability per person
  • $40,000 bodily injury liability per accident
  • $10,000 property damage liability per accident
  • $20,000 uninsured/underinsured motorist coverage per person
  • $40,000 uninsured/underinsured motorist coverage per accident

Regulation of Lawsuit Loans in Connecticut

Lawsuit loans in Connecticut remain largely unregulated and most legal funding companies provide funding in the state.

Despite lack of regulation, reputable companies follow basic best-practice disclosure guidelines for legal funding contracts. Lawsuit lenders nationwide should display rates, fees and repayment terms prominently.

Lawsuit Loans from Uplift Legal Funding

Uplift Legal Funding provides legal funding in most states. If you have any questions or want to learn more, apply online or call us today at (800) 385-3660.