Motorcycle Accident Pre Settlement Funding
Across the United States, motorcycle ownership is growing. More than four million people own motorcycles to save gas or enjoy cruising on the open road. Unfortunately, motorcyclists place themselves at serious risk of injury, disability and death after a motorcycle accident.
In Tennessee and many other states, it is illegal to operate a motorcycle without wearing a helmet. Although this law has been highly debated, it has been proven that helmets save lives and reduce the risk of fatal head injuries and traumatic brain injury (TBI) by more than forty percent.
“Per vehicle mile traveled in 2007, motorcyclists were about 37 TIMES more likely than passenger car occupants to die in a motor vehicle traffic crash and about 9 times more likely to be injured.” ~ NHTSA
At Tennessee’s Vanderbilt University, where many motorcyclists are treated for head and brain injuries, the average cost of treatment for one motorcycle accident victim has been estimated at more than $70,000. This does not include costs associated with permanent disability. The state’s insurance company, TennCare, bears the brunt of these costs.
Motorcyclists are required to carry insurance. In Tennessee, this includes $50,000 in property damage coverage and a minimum of $25,000 for bodily injury coverage. Motorcyclists who complete a safety program are not required to pay licensing fees and are eligible for a ten percent discount on insurance after three years.
Despite Tennessee’s attempts to incentivize motorcyclists to drive more safely, accidents still happen, due to road, weather and traffic conditions and driver intoxication.
Tennessee is an “at fault” state, which means the person who caused the accident is liable for all damages, so determining fault after an accident is essential. If you are involved in a motorcycle accident in Tennessee, steer clear of admitting fault at the scene of the accident. Insurance companies typically want to avoid paying damages, which causes frustration for accident victims who may also be dealing with property damage and treatment for injuries. Although it will be necessary to speak to your insurance company, it is wise to seek the services of an experienced motorcycle accident attorney, who can help you obtain the compensation you deserve for your injuries and damage to your property. Lawsuit loans are available to plaintiffs who are involved in a personal injury lawsuit while they wait for their settlement to finalize.
In fact, speaking to an attorney first before speaking to your insurance company is a smart move, because your attorney can help you assess the facts of your accident, meet the statue of limitations for filing a claim, and negotiate with insurance companies to protect your rights. This can be invaluable in reducing the stress of a motorcycle accident and receiving all the compensation to which you are legally entitled.
Gary Starnes, an experienced Tennessee motorcycle accident attorney, has helped thousands of Tennessee residents achieve successful case resolution after a motorcycle accident.
Mr. Starnes states, “When a motorcycle accident occurs, the results can be devastating. Many motorcycle injuries result in death. For survivors, serious injuries or permanent disabilities are typical. The emotional strain of the accident, coupled with looming medical bills, lost income and permanent injury are difficult to overcome and can lead to depression and anxiety, particularly for individuals who are unsure about where to turn for help.”
If you have already retained an accident attorney and are somewhere in the process of settling your case, a lawsuit funding company like TriMark Legal Funding LLC can provide you with a non-recourse advance on your pending settlement so you can pay medical bills and basic living expenses.