New York 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 New York?
A car accident loan is a funding option available to plaintiffs who have been injured by a government vehicle. It’s essentially a cash advance on your expected car accident settlement. This type of loan is often used by victims who need to cover basic personal or medical expenses while waiting for their lawsuit to settle.
Government vehicle accident loans are non-recourse in nature, meaning you only pay back the funds if you win your case. If for some reason your case doesn’t lead to a successful settlement, you’re not required to repay the loan. Therefore, this can be a financial lifeline for those who are struggling with costs related to their recovery after a road mishap involving a government vehicle.
In the state of New York, these types of pre-settlement loans are perfectly legal and frequently used. They are especially suited for individuals going up against well-funded entities like the government, as cases can often take time to resolve.
If you have been injured in a motor vehicle accident involving a government vehicle, and you’re currently pursuing a legal claim, you might consider looking into the benefits of a government vehicle accident loan.
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 New York
Car accident loans in New York offer plaintiffs access to funds while they wait for a legal case conclusion. This financial lifeline can be a safety net for claimants facing the never-ending bills and unprecedented expenses brought about by their personal injury. Accidents can happen, but LawsuitLoans.io helps accident victims navigate their financial realities while awaiting a verdict or settlement.
| Average car accident loan amount by LawsuitLoans.io in New York | $17,713.29 |
| Largest car accident loan by LawsuitLoans.io in New York | $191,721.27 |
| Average interest rate in New York | 20.6% |
| Median personal injury verdict in New York | $287,628.00 |
| New York statute of limitations | 3 Years; Civil Practice Laws and Rules Art. 2 Section 214 |
| New York fault laws | New York is a “no-fault” state, meaning your own insurance covers your losses regardless of who caused the accident. |
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 New York?
If you have been involved in an accident with a government vehicle, you might be wondering about your eligibility for a lawsuit loan. The good news is the criteria is fairly simple and straightforward. Because incidents involving government vehicles usually deal with a self-insured, or significantly insured entity, much of the financial risk is already covered.
To be considered eligible for a loan, there are only two main requirements. The first one is hiring an attorney on contingency. This essentially means that the attorney doesn’t get paid unless you win your case, showing the lender that you have a strong case because a lawyer is willing to take it on.
The second condition is that all applicants must be at least 18 years old, which is the legal age of contractual consent. Under these criteria, if you’ve got a strong case that involves a government vehicle, and you’re of age, there’s a good chance you could be eligible for a government vehicle accident loan.
Get up to $500,000 With Rates as Low as 2.5% Simple, Monthly
Types of Government Vehicle Accident Claims in New York
In New York, several types of government vehicles may be involved in an accident. Here are a few examples along with a brief overview of each.
Police Vehicles: It’s not rare for police cars to be involved in accidents since they often have to drive at high speeds in situations of emergency. The matters become complicated when local or state police cars get into accidents.
Fire Trucks: These large and hefty vehicles are also prone to accidents, especially when responding to a call under conditions that require speed. When a fire truck is involved in an accident, the reasons behind the accident must be thoroughly examined.
School Buses: School buses transport our children, making their safety extremely important. If a school bus owned by a government body is involved in an accident, the claims process can potentially become significantly complex.
Public Transport Buses: Public transit buses crowd the roads in many cities across the state. With the sheer volume of these buses on the road, accidents involving them inevitably occur.
Garbage Trucks: Garbage trucks are vital for sanitation services in any city. Due to their operational routine and size, they occasionally are caught up in accidents.
It’s vital to know that if you’ve been involved in an accident with any type of government vehicle, unique laws apply. After such an accident, consider securing legal advice. Meanwhile, in case you need finances to support your lawsuit process, visit LawsuitLoans.io or call (800) 340-4973 for more information about pre-settlement funding.
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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?
LawsuitLoans.io is capable of providing lawsuit loans that can range anywhere from $500 – $1,000,000+. While your case is still in progress, we can advance up to a maximum of 25% of the part of the settlement you are expected to receive. If your case has already been settled, our company can offer 50% of your estimated part of the settlement.
Let’s dive into an example: Suppose you are a plaintiff from New York involved in a car accident case which has an estimated value of $300,000. This case will not reach a settlement anytime soon. Generally, medical providers receive around 1/3 of the settlement and your attorney might also get another 1/3 of the settlement. As such, you as the plaintiff, would receive around $100,000. With LawsuitLoans.io, we can advance approximately 25% of that amount or $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 New York
LawsuitLoans.io provides funding for various personal injury and roadway accident cases in New York. Read more about the personal injury cases we fund in New York 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 New York here: