Nevada Lawsuit Loans
Uplift Legal Funding provides non-recourse lawsuit loans in Nevada. With a population of 2,890,845, Nevada is the 4th largest state in the United States, and ranks 7th 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, Nevada scores a 8.3. This means that we consider it relatively easy for plaintiffs to get lawsuit loans in Nevada. Read more information below about the legal funding environment in Nevada.
Accident Injury in Nevada
Nevada’s yearly injury death rate of 68.0 per 100,000 places it 13.2% higher than the national average of 60.1.
Nevada residents drive an estimated total of 26 billion miles yearly. That means the average Nevada resident drives about of 8,968 miles per year. That figure is 6.9% lower 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. Nevada residents are pretty good when it comes to buckling up, reporting a 91.0% use rate.
The drinking rate in Nevada, or the percent of people who report drinking too much before driving at least once in the prior month is 1.8%, which is 2.6% lower than the national average of 1.8%.
In part due to these factors, the car accident fatality rate in Nevada is 11.2. This compares unfavorably to the US national average of 10.9, and costs the state $356 million yearly.
Nevada Legal Funding Cheat Sheet
According to Chapter 11, Sec 11.190; the civil statute of limitations in Nevada 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.
Plaintiff negligence impacts the liability claim differently from state-to-state. Nevada’s guideline is modified comparative fault with a 51% threshold. Essentially, this means that if plaintiff isn’t majority-negligent, recovery adjusted by that amount – N.R.S. § 41-141. Its important to keep in mind that if you request car accident lawsuit loans early-on in your claim, legal funding underwriters must assume Nevada state minimum policy limits of:
- (Minimum limits if driver purchases car insurance, which is optional.)
- $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
- $25,000 uninsured/underinsured motorist property damage coverage
- $1,000 medical payments coverage
Regulation of Lawsuit Loans in Nevada
The Supreme Court of Nevada decided that litigation funding constitutes champerty. Champerty is an illegal agreement in which a person with no previous interest in a lawsuit finances it to share in the recovery.