A personal injury due to a pedestrian accident can have a huge financial toll on the victim and their family. However, pedestrian accident lawsuit funding can provide financial relief even if your settlement is pending.
About 104,000 people were treated in emergency departments for crash-related injuries in 2020, according to the Centers for Disease Control and Prevention (CDC).1 The severity of the injury and its physical, emotional, and financial impact can vary with vehicle speed, size, and location. Therefore, the driver’s level of fault can influence the value of your claim and lawsuit funding offer.
What Is the Financial Toll of a Pedestrian Accident?
Many factors impact the financial toll of an injury sustained in a pedestrian accident. If you’re struggling to pay bills and dealing with a loss of wages, a non-recourse lawsuit cash advance can cover the cost of:
- Serious Injuries: The more severe the injury, the more extensive the medical care you’ll need. Injury severity is also correlated with longer recovery times, increased therapy requirements, and more time out of work or away from activities that pertain to your livelihood or supporting dependents.
- Hospitalization: An overnight hospital stay can cost thousands of dollars. That’s on top of the costs of diagnostic tests and treatment. If surgery is required, the costs skyrocket and include the surgeon’s fee and charges for anesthesia, pre-surgery care, and operating room expenses.
- Long-Term Care/Treatment: A pedestrian accident victim may need prescription medication over the short term and long term. With insurance, you’ll generally pay much less out of pocket. Physical therapy can also be costly, especially for those who are uninsured.
- Level of Fault: About half of all pedestrian accidents involve a driver under the influence of alcohol. Negligent drivers are also often guilty of speeding, failing to yield the right of way, ignoring stop signs and traffic signals, or distracted driving. Can a pedestrian also be partially at fault? This is a possibility if they were jaywalking when the accident occurred, which can reduce an insurance or legal settlement.
- Impact of Injuries on Your Life: The restrictions on your activities or job depend on the nature of the injury and the type of work you do. A foot injury won’t have much value if you work in an office, but it can prevent a construction worker or an athlete from earning a living. The amount of current and future lost income helps determine your settlement value.
Average Value of a Pedestrian Accident Claim
As you can see, a pedestrian accident can have a huge financial toll. You may owe medical, legal, and repair bills while not having the income to pay rent or utilities. Most pedestrian accident lawsuits settle out of court, so the value of these settlements is confidential (on the other hand, court-ordered damage awards are publicly available). Therefore, data on a typical value aren’t available, but each accident has unique facts and circumstances that impact the value of a claim and an accident’s financial toll.
How Do I Get More Funding to Ease the Financial Toll
The amount of lawsuit funding you receive depends on the facts of your case. You’ll need evidence to support that the other party was at least mostly at fault. The moments after an accident are critical. Taking pictures of the accident scene, obtaining the names of witnesses, and noting the location of nearby security/surveillance cameras can make more details available that can help build your claim.
The driver’s insurance is also a major factor. Most drivers don’t have the cash or assets to cover the cost of a pedestrian injury. However, the insurance company will pay only up to the policy’s limit. Also, many drivers carry just the state minimum for liability insurance, which can prevent you from recovering anything else beyond a maximum amount of, for example, $50,000. This is hardly enough to overcome the financial toll of a serious injury.
What Can Pedestrian Accident Lawsuit Funding Cover?
The amount of lawsuit funding you’re eligible for can be determined by calculating economic damages. These include medical bills, lost wages, and living expenses like rent and mortgage payments that are calculable. You can also recover non-economic damages such as physical pain and suffering, reduced quality of life, the impact of permanent disability or disfigurement, or mental anguish, anxiety, and depression.
Your attorney can help estimate a value for all of these factors combined. When you apply for lawsuit funding, the funding company will speak with your lawyer. Their offer will be based on the facts of your case and the expected value of a future settlement.
Apply Today for Pedestrian Accident Lawsuit Funding
Fund Capital America provides non-recourse pre-settlement funding with no upfront costs, hidden fees, or out-of-pocket expenses. You can apply for a cash advance in minutes and receive a decision within 24 hours. Whether you were injured in a vehicle- or non-vehicle-related pedestrian accident and suffered injuries such as cuts and lacerations, a head injury, bone fracture, crush injury, spinal cord damage, or limb amputation, apply now for pedestrian accident lawsuit funding or call (855) 870-2274 for more information.