Virginia Lawsuit Loans
Uplift Legal Funding provides non-recourse lawsuit loans in Virginia. With a population of 8,382,993, Virginia is the 12th largest state in the United States, and ranks 21st 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, Virginia scores a 10.0. This means that we consider it very easy for plaintiffs to get lawsuit loans in Virginia. Read more information below about the legal funding environment in Virginia.
Virginia Personal Injury Statistics
Virginia has a yearly injury death rate of 52.9 per 100,000. This places Virginia much lower than the national average of 60.1, by about -12.0%.
Virginia residents drive an estimated total of 83 billion miles yearly, which means that the average resident drives about of 9,856 miles per year. To compare, that’s 2.3% 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 Virginia, residents are fairly bad when it comes to buckling up, reporting a usage rate of 78.0%. The drinking rate in Virginia, measured as the percent of people who reported drinking too much before driving in the prior month, is 24.3% lower than the national average of 1.8% at 1.4%.
Partly because of these factors, Virginia’s car accident fatality rate is 9.0. This compares favorably to the US national average of 10.9, and costs the state $947 million yearly.
Virginia Lawsuit Funding Cheat Sheet
According to Title 8.01, Ch. 4, Sec. 8.01-243; the statute of limitations for personal injury cases in Virginia is 2 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 Virginia, the guideline is pure contributory negligence. Basically, this means that if plaintiff at fault for some damages, may be barred from recovery – Baskett v. Banks, 45 S.E.2d 173. Often, for legal funding requests early-on in a case, companies providing lawsuit loans in Virginia must assume state minimum policy limits of:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $10,000 property damage liability per accident
Regulation of Lawsuit Loans in Virginia
The Virginia legislature has proposed, but did not pass. Nearly all legal funding companies provide funding in Virginia.