Every year, more than 380,000 individuals are killed in motorcycle accidents worldwide. Riders love to feel that rush of adrenaline – that thrill of feeling the wind in their faces and the world going past them fast. They do not stop and think about how quickly that moment of excitement can end in a catastrophic accident.
Motorcycle Accident Statistics
It is the same the other way around: you could be a responsible motorcycle operator minding your business on the road, driving within speed limits, and being alert and aware, when suddenly a car goes right into your path. According to the U.S. Department of Transportation (DOT), about one-third of all motorcycle accidents are caused by cars.
Whichever your situation, at Silver Dollar Financial, we can help you find the perfect loan to provide you with extra funds while your settlement proceeds. A motorcycle accident pre-settlement loan helps relieve victims of these accidents by depositing funds in your account that you can use for life’s ongoing bills.
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The Reasons For Motorcycle Accidents
Many factors lead to the overwhelming number of motorcycle accidents each year. Worldwide, approximately 33% of all motorcycle accidents involve a drunk rider. About 75% of all motorcycle accidents involve a collision with another vehicle. Surprisingly, most accidents occur when the motorcycle is going at an average speed of 30 miles per hour. Almost half of all fatal motorcycle accidents showed that alcohol was a present factor.
Decatur residents, although you live in a city with only about 26,000 residents, it’s important to note that almost 48% of motorcycle accidents take place on rural roads. Whether you’re in a rural or more congested area, it does not matter. It is important to always be vigilant on any road that you may be driving on.
The Cost of a Motorcycle Accident
While riding on the road and enjoying the adrenaline, the thought of how much an accident could cost normally does not cross an operator’s mind. The average emergency and ICU treatment costs around $1.2 million when it involves a fatal accident. If motorcyclist operators could just wear a helmet, they would save the U.S. economy over $1 billion, not to mention the thousands of lives that could be saved.
When an accident does not involve a fatality, the costs could range from $2,500 to $1.4 million. With the number of accidents increasing yearly, this number is bound to keep going up. Since motorcycles only make up 3% of all registered vehicles in the nation, it is terrifying to think of just how bad a motorcycle accident can be. Seek funding from motorcycle accident settlement loans today.
Submit an Application in Just a Few, Simple Steps
At Silver Dollar Financial, we know that if you have been in an accident, there are suddenly so many things you need to consider and resolve. We made the application process easy for you, so we do not add unnecessary stress. You will first apply for a motorcycle accident loan. The application is fast and will ask basic questions about yourself and your case.
We will review your information with your attorney and reach out if we have any questions concerning your case. Typically, once everything is complete and fully reviewed, you will receive an offer within 24 hours. If everything is good, that money will normally be deposited into your account shortly after.
Apply Now for Pre-Settlement Funding
Your Employment Status Does Not Matter
The excellent thing about a motorcycle accident lawsuit loan is that you do not need to be employed or have a steady income to apply and get funds. We also do not need to check your credit score, so you do not have to worry about your score being affected.
These loans are considered non-recourse debts, meaning they are conditional. The repayment will be dependent on the settlement and how it’s resolved. So, if you are unemployed now, do not stress about the repayment. The settlement still needs to go through. If the case is lost, you do not have to pay a single cent for the loan. You will only be responsible for it if the settlement is won. Apply for motorcycle accident lawsuit loans today.
How Funds Can Be Used from Motorcycle Accident Pre-Settlement Loans
Decatur residents, there are a variety of ways that you can use your funds. As expected, after a motorcycle accident, many expensive bills come from many different departments. Aside from the legal fees from the case, you will be concerned with hefty medical bills, which are the most significant ones after an accident.
According to the National Highway Traffic Safety Administration (NHTSA), car crash victims, on average, have to pay around $2,349, but motorcycle operators pay $4,569. That’s considering the operator did not receive a head injury. Since a hard blow to the head can take many months and even years to recover from, that number can shoot through the roof.
Of course, aside from the physical aspect of it, you’ll need to consider how traumatic the accident was. Some victims may require months of therapy and medications to heal. The actual cost of all this can vary greatly, as there can be many different factors after an accident.
Repair Your Vehicle
You can also use these funds to pay for the damage to your vehicle or motorcycle. Consider how bad the accident was and if only a few parts or the entire vehicle needs to be replaced.
Depending on your injuries and how quickly you can get back on your feet, you may be out of work for a while, so think about the lost earnings during this time. Remember that you will still need to cover your car payment, rent or mortgage, and many other daily expenses that do not stop for anyone or anything.
Decatur Residents, Apply for Your Motorcycle Accident Lawsuit Loan Today
If you have been in a motorcycle accident and need more funds, be sure to reach out to us here at Silver Dollar Financial. We will walk you through the steps you’ll need to take from the beginning to the end. You can contact us if you have any questions or you can apply now for your Decatur motorcycle accident loans.