Alaska Government Vehicle Accident Loans
- Get Cash as Soon as the Same Business Day
- Rates as Low as 2.5% Simple, Monthly
- Repay $0 if You Lose Your Case
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What Are Government Vehicle Accident Loans in Alaska
A car accident loan, also known as a pre-settlement loan, is essentially a cash advance on the money you hope to receive from a lawsuit. When a person becomes a plaintiff in a car accident case, they are entitled to this type of financial help. The purpose of such a loan is to help injured plaintiffs cover their living expenses and medical bills while they await the resolution of their legal case.
Government vehicle accident loans are a subtype within this category, specifically designed for individuals who got into an accident involving a government vehicle. This subtype exists because such cases may involve unique complications that can elongate the process of settling the lawsuit.
Unlike a typical loan, a government vehicle accident loan in Alaska is non-recourse. This means if the plaintiff does not win their case or settles for less than anticipated, they will owe nothing back to LawsuitLoans.io. Therefore, the risk falls entirely on us as the lender while providing financial relief to the plaintiff during their difficult times.
To apply for a government vehicle accident loan in Alaska, visit our LawsuitLoans.io funding application online or call us on our toll-free number (800) 340-4973. A team of experienced and compassionate professionals is ready to assist you through the application process.
How Lawsuit Loans Work
Here’s how the lawsuit loan process works in three easy steps. The entire process can be completed within 24 hours with your attorney’s help.
Apply Online or Call Toll-Free
Apply online or call us toll-free at (866) 594-1343. Submitting your application takes minutes.
We Review Your Case
Next, we contact your law firm and collect basic information to review your case. Review only takes a few hours.
You Receive Funds
You and your attorney review and sign our funding contract. Once complete, you can have funds within hours.
Key Information About Car Accident Loans in Alaska
If you have suffered injuries and damages due to a car accident in Alaska, you can apply for a car accident loan with LawsuitLoans.io. This pre-settlement funding option provides the necessary funds as you wait for your legal case to resolve. The loan details for car accidents vary, so below is a summary of key information pertaining to car accident loans specifically in Alaska:
| Average car accident loan amount by LawsuitLoans.io in Alaska | $5,600.00 |
| Largest car accident loan by LawsuitLoans.io in Alaska | $5,700.00 |
| Average interest rate in Alaska | 23.8% |
| Median personal injury verdict in Alaska | $270,000.00 |
| Alaska statute of limitations | 2 Years; Alaska Statutes Section 09.10.070 |
| Alaska fault laws | Alaska is an “at-fault” or “tort” state, meaning the driver found to be responsible for the accident is liable for damages. |
Get an Instant Quote
Input your requested funding amount and the time your case may take to settle here to see your potential savings and costs when you choose LawsuitLoans.io. While we sometimes offer rates as low as 2.5%, our calculator assumes a simple, non-compounding monthly rate of 3.3%. This calculator is for illustrative purposes only. Actual terms may differ. Please contact us for an instant, written quote for your request.
Advance Amount:
Months Until Settlement:
$2,900
Total Cost
Pay $2,900 on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
$1,697
Your Savings
Save $1,428 compared to competitors on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
33%
Percent Savings
Save 33% on a lawsuit loan of $10,000 if your case settles within 6 months of your advance.
Am I Eligible for a Government Vehicle Accident Loan in Alaska?
The eligibility criteria for car accident lawsuit loans are relatively simple. Considering that any claim involving a government vehicle typically involves a self-insured or significantly insured entity, the requirements are cut back to two primary factors.
First and foremost, you must have an attorney hired on a contingency basis. This means that your attorney will not get paid unless you win your case. In other words, they believe in your claim’s legitimacy and strength enough to put their own compensation at risk. Having this type of arrangement with your attorney gives lawsuit loan companies confidence in your case.
The second requirement is to be at least 18 years old. This is a standard criterion, ensuring that you are of legal age to enter into a contract.
In summary, if you are involved in an accident with a government vehicle, have hired an attorney on a contingency basis, and are at least 18 years old, then you likely qualify for a government vehicle accident loan in Alaska.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Government Vehicle Accident Claims in Alaska
When we talk about government vehicles involved in accidents, it typically falls under a unique category of legal claims. That’s because government institutions sometimes have different rules when it comes to filing a claim. Let’s take a look at some examples of government vehicles that often get involved in accidents and briefly discuss each type of vehicle.
Police Vehicles
Police vehicles are the most common type of government vehicles involved in road accidents. The drivers are often subjected to high-stress scenarios and emergency situations which might lead to mishaps. State law can affect how lawsuits for damages from police vehicle accidents are handled.
Fire Trucks
Fire trucks are heavy-duty vehicles that are often in a rush to reach emergency scenes. Just like police vehicles, they, too, are involved in accidents due to high-intensity situations. But again, claims involving fire trucks might be dealt with differently according to state laws.
School Busses
Accidents involving school buses are a serious concern as they carry a precious cargo – our children. A special set of laws governs these incidents to guarantee the maximum safety and rights protection for the young passengers and their families.
Garbage Trucks
Garbage trucks also include government-owned vehicles that could be involved in a mishap. These types of vehicles have blind spots and often stop and start unexpectedly, leading to potential accidents. Claims against garbage trucks might often include arguments over visibility and warning signals.
To sum up, filing a claim against a government vehicle requires understanding specific laws and guidelines. LawsuitLoans.io provides pre-settlement funding to help individuals in the process while their legal case is resolved.
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Apply today and get funds in as little as 24 hours!
How Much Money Can I Get From my Government Vehicle Accident Pre-settlement Loan?
Lawsuit loans from LawsuitLoans.io can range from $500 – $1,000,000+. We can advance up to a maximum of 25% of your expected portion of the settlement if your case is still in progress. For settled cases, we can offer 50% of your expected portion of the settlement.
Let’s consider an example. Suppose you are a plaintiff in Alaska involved in a car accident case, with a total estimated case value of $300,000. Your case is still ongoing and will not be settled for quite some time. Typically, medical providers are paid around 1/3 of this settlement, meaning they would receive around $100,000. Your attorney would also receive about 1/3 (~$100,000). As the plaintiff, you would receive the remaining third, or roughly $100,000. In such scenarios, LawsuitLoans.io could advance approximately 25% of your portion ($25,000).
Get $500 – $500,000 in as Little as a Single Business Day!
We understand that if you’re applying for funding with us, you needed the funding yesterday. With your attorney’s cooperation, we can provide funding as soon as the same business day.
Other Cases we Fund in Alaska
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in Alaska. Read more about the personal injury cases we fund in Alaska here:
- Personal Injury Loans
- Police Misconduct Lawsuit Loans
- Medical Malpractice Lawsuit Loans
- Slip and Fall Lawsuit Loans
- Premises Liability Loans
- Dog Bite Lawsuit Loans
- Wrongful Death Loans
Read more about the roadway accident claims we fund in Alaska here: