Ridesharing services have experienced a meteoric rise in popularity over the past five years. By some estimates, there are 2.5 million Uber drivers in the U.S. alone. Due to their convenience and flexibility, Uber and other ridesharing apps have largely displaced taxis as the go-to for people who need rides in 2020.
With more and more drivers on the road, however, there has been a corresponding increase in the number of car accidents for Uber drivers and their passengers.
Thankfully for passengers, Uber covers their drivers for third-party liability, including liability for passenger injuries, up to $1,000,0000. With this sort of liability coverage, passengers can rest assured that they will recover damages they sustain in the event of an accident. Depending on the accident circumstances, however, the process of recovering damages can take quite some time.
That’s why Ally Lawsuit Loans is happy to offer Uber accident lawsuit loans to individuals who suffer damage in an accident with an Uber. Ally Lawsuit Loans has you covered as you wait for your Uber settlement payout.
What Is a Lawsuit Loan?
A lawsuit loan is a type of pre-settlement funding accessible to individuals filing a lawsuit but whose claim has not yet been resolved. Unlike with traditional loans, a lawsuit loan borrower does not always need to pay back their lender.
If a lawsuit claim is not successful, the borrower of a lawsuit loan pays nothing back. A lawsuit loan can make a world of difference for someone who wants to continue to fight for their rights but needs to make ends meet in the meantime.
How Can a Lawsuit Loan Help Me?
If you file an Uber accident lawsuit, a lawsuit loan could make a world of difference. Even though Uber has the $1,000,000 insurance policy, they don’t always want to cover damages fully. Because of this, they may initially make a low-ball offer after you file a claim with them.
This is standard practice, unfortunately. But what if their initial offer doesn’t even cover your medical expenses? In such a situation, the right thing to do is decline the offer and fight for your rights.
Things aren’t always so simple, however. You may already have found yourself in dire financial straits, so any settlement, even one that doesn’t fully cover damages, can seem appealing. After all, when bills are due, they are due. On top of that, you don’t know what direction the claims process will take you or how long it will take, which can make any settlement offer seem appealing.
So you find yourself in a lose-lose situation: take the settlement that doesn’t fully compensate you so you can pay bills today, or decline the settlement offer and be unable to pay your bills for now. With a lawsuit loan, you won’t have to make such a decision.
With a lawsuit loan, you’ll have the ability to pay your bills while the claims process takes its course and ensure you are fighting to get the maximum compensation you deserve.
Contact Ally Lawsuit Loans Today!
If you need help making ends meet financially while waiting for your Uber accident settlement, give us a call at Ally Lawsuit Loans today. We offer a guarantee of the lowest interest rate in the industry.
We will process your application in just 24 hours, so you don’t have to worry about staying afloat financially while waiting for your Uber accident settlement payout. Best of all, if your claim isn’t successful, you won’t owe us a dime. Call us today!