Uplift Legal Funding helps plaintiffs in Iowa get personal injury legal funding

Lawsuit Loans in Iowa

Uplift Legal Funding provides non-recourse lawsuit loans in Iowa. Iowa has a population of 3,123,899, making it the 30th largest state in the United States. It ranks 29th for per-capita fatal injuries (D.C. included).

Legal funding is currently regulated on a state-by-state basis. Based on industry data, Uplift developed a scale to measure a state’s ‘legal funding ease’ quotient. On a scale of 0 to 10, Iowa scores a 10.0, which signfies that it is very easy for injured plaintiffs to access legal funding in Iowa. To learn more about injury statistics and legal funding in your state, read this brief guide to Iowa lawsuit loans

Accident Injury in Iowa

Iowa’s yearly injury death rate of 60.4 per 100,000 places it 0.5% higher than the national average of 60.1.

Iowa residents drive an estimated total of 33 billion miles yearly. That means the average Iowa resident drives about of 10,615 miles per year. That figure is 10.2% higher than the U.S. national average of 9,630 miles per year.

Aside from miles driven, local seatbelt and drinking and driving habits play a large part in the auto accident death rate. Iowa residents are pretty good when it comes to buckling up, reporting a 92.0% use rate.

The drinking rate in Iowa, or the percent of people who report drinking too much before driving at least once in the prior month is 3.1%, which is 67.7% higher than the national average of 1.8%.

In part due to these factors, the car accident fatality rate in Iowa is 10.2. This compares favorably to the US national average of 10.9, and costs the state $399 million yearly.

Iowa Legal Funding Cheat Sheet

According to Chapter 614, Section 614.1; the civil statute of limitations in Iowa is 2 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. Iowa’s guideline is modified comparative fault with a 51% threshold.

Essentially, this means that plaintiff’s negligence offsets defendant’s liability. If a plaintiff is more than 50% at-fault, there will be no recovery – I.C.A. § 668.3(1)(b). Its important to keep in mind that if you request car accident lawsuit loans early-on in your claim, legal funding underwriters must assume Iowa 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
  • $25,000 uninsured/underinsured motorist coverage per person
  • $50,000 uninsured/underinsured motorist coverage per accident
  • Personal injury protection, up to $4,500 in medical expenses, $900 per month for disability / income loss, $25 per day for in-home services, $2,000 for funeral or cremation costs, $4,500 for rehabilitation

Regulation of Lawsuit Loans in Iowa

Lawsuit loans in Iowa 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.