Florida Lawsuit Loans
Uplift Legal Funding provides non-recourse lawsuit loans in Florida. With a population of 20,271,272, Florida is the 3rd largest state in the United States, and ranks 8th 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, Florida scores a 10.0. This means that we consider it very easy for plaintiffs to get lawsuit loans in Florida. Read more information below about the legal funding environment in Florida.
Florida Personal Injury Statistics
Florida has a yearly injury death rate of 68.7 per 100,000. This places Florida much higher than the national average of 60.1, by about 14.4%.
Florida residents drive an estimated total of 207 billion miles yearly, which means that the average resident drives about of 10,211 miles per year. To compare, that’s 6.0% higher 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 Florida, residents are about average when it comes to buckling up, reporting a usage rate of 87.0%.
The drinking rate in Florida, 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, Florida’s car accident fatality rate is 14.5. This compares unfavorably to the US national average of 10.9, and costs the state $3,020 million yearly.
Florida Lawsuit Funding Cheat Sheet
According to Title 8, Ch. 95, Sec. 95.11; the statute of limitations for personal injury cases in Florida is 4 years. This means that you may lose the right to sue if you do not file your legal claim within that time-frame. Different states follow slightly differing comparative negligence statutes. In Florida, the guideline is pure comparative fault. Basically, this means that percentage of plaintiff fault proportionately reduces recovery – F.S.A. § 768.81(2). Often, for legal funding requests early-on in a case, companies providing lawsuit loans in Florida must assume state minimum policy limits of:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $25,000 property damage liability per accident
Regulation of Lawsuit Loans in Florida
Lawsuit loans in Florida 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 non-recourse lawsuit loans on personal injury claims in most states. If you have any questions, or are interested in legal funding, apply online or give us a call at (800) 385-3660.