Motor vehicle injury suits can be arduous and take many years to litigate. RD Legal Funding provides attorneys and their clientele with immediate post-settlement financing. To start accelerating your legal fees today, please fill out the brief online application located to your right. Or you can call RD Legal toll-free at 1-800-565-5177 to speak with one of our legal funding experts.
Motor vehicle travel is the number one means of transportation in the United States. However, an estimated 5,338,000 police-reported motor vehicle crashes occurred in 2011, with 32,367 fatalities. The National Highway Traffic Safety Administration (NHTSA)’s review of auto accidents in 2011 reports that:
Motor vehicle crashes are the leading cause of death for age 4 and every age 11 through 27 (based on 2009 data).
Over 1.21 million drivers were arrested in 2011 for driving under the influence of alcohol or narcotics. Thirty one percent of all 2011 fatalities – 9,878 deaths – involved alcohol-impaired driving. The highest percentage of drivers with BAC levels of .08 or higher were drivers 21 to 24 year olds (32%), followed by ages 25 to 34 (30%), and 35 to 44 (24%).
The NHTSA’s early estimate of 2012 motor vehicle traffic fatalities reports more people died in car crashes in 2012 than 2011. The 34,080 motor vehicle deaths in 2012 represent an almost 5.3 percent increase over 2011. This makes 2012 the first year with a year-to-year increase in fatalities since 2005.
The top reasons for car crashes are:
Not all automobile accidents result in litigation. If no one is injured or injuries are minor, it is possible that all claims for medical care and property damage can be handled by the drivers’ car insurance companies. The greater the damage or injury, the more likely there will be a lawsuit.
There are two kinds of car insurance laws, depending upon each state’s laws: fault and no-fault. The term “no-fault” refers to insurance programs under which the policyholder recovers financial losses from their own insurance company, no matter who is at fault. No-fault was developed to minimize costly litigation and speed up the claims process. The victim is not allowed to sue for pain and suffering or emotional distress compensation unless they carry additional coverage called Personal Injury Protection (PIP). States with no-fault insurance laws include Florida, Hawaii, Kansas, Kentucky, Massachusetts, Michigan, Minnesota, New Jersey, New York, North Dakota, Pennsylvania, and Utah.
“At-fault” or tort insurance is in use in 38 states. In so-called “full tort” states, the party that is at fault for the accident through negligence, ignorance, or malevolence can be sued for financial compensation for medical expenses, material damages, pain and suffering, and lost wages. In “limited tort” states, the victim isn’t allowed to sue the at-fault driver for pain and suffering but may sue for medical expenses and lost wages.
Drivers who are involved in accidents frequently receive traffic citations. In the event of a fatality, charges of vehicular homicide can be brought, especially in cases involving alcohol. Consequences of traffic violations include fines and depending on the severity of the accident, jail time, loss of license for a period of time, and mandatory alcohol counseling.
Some well-known lawsuits around automobile crashes include the class action suits concerning SUV rollovers as well as the sudden acceleration crashes leading to the 2010 Toyota recall.
Post-settlement legal funding, also known as our Fee Acceleration program, is a cash flow solution for attorneys waiting on slow-paying legal fees. Call RD Legal Funding at 1-800-565-5177 to speak with a legal funding specialist. Or fill out the quick form at the top of this page to begin the application process.