Washington Lawsuit Loans
Uplift Legal Funding provides non-recourse lawsuit loans in Washington. With a population of 7,170,351, Washington is the 13th largest state in the United States, and ranks 28th 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, Washington scores a 10.0. This means that we consider it very easy for plaintiffs to get lawsuit loans in Washington. Read more information below about the legal funding environment in Washington.
Accident Injury in Washington
Washington’s yearly injury death rate of 59.8 per 100,000 places it -0.4% lower than the national average of 60.1.
Washington residents drive an estimated total of 60 billion miles yearly. That means the average Washington resident drives about of 8,319 miles per year. That figure is 13.6% 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. Washington residents are pretty good when it comes to buckling up, reporting a 97.0% use rate.
The drinking rate in Washington, or the percent of people who report drinking too much before driving at least once in the prior month is 2.1%, which is 13.6% higher than the national average of 1.8%.
In part due to these factors, the car accident fatality rate in Washington is 7.9. This compares favorably to the US national average of 10.9, and costs the state $654 million yearly.
Washington Lawsuit Funding Cheat Sheet
According to Title 4, Ch. 16, Sec. 4.16.080; the statute of limitations for personal injury cases in Washington is 3 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 differing comparative negligence statutes. In Washington, the guideline is pure comparative fault. Basically, this means that plaintiff’s negligence will be allocated their own percentage portion, for which defendants will not be held responsible – R.C.W.A. §§ 4.22.005-015. Often, for legal funding requests early-on in a case, companies providing lawsuit loans in Washington 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
- $25,000 uninsured/underinsured motorist coverage per person
- $50,000 uninsured/underinsured motorist coverage per accident
- $5,000 uninsured/underinsured motorist property damage coverage per accident
Regulation of Lawsuit Loans in Washington
Lawsuit loans in Washington 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.