Lawsuit funding for teen auto accidents is in high demand. According to the Insurance Institute for Highway Safety, teens are three times more likely to be involved in a fatal auto accident than adults. In fact, auto accidents are the single most common cause of death for those between 13 and 19 years of age. This is why we offer lawsuit funding for teen auto accidents.
Teen auto accidents effect more than just the driver and the passengers of the vehicle when it is a two way crash that can injure and kill adults, too. When adults are victims of teen auto accidents they can find it hard to make ends meat if they have been seriously injured. Personal injury claims involving teen drivers, especially if there are insurance issues, may take several years to resolve. Lawsuit funding for teen auto accidents help injured plaintiffs.
An accident involving teen drivers occurred on the Virginia stretch of I-81 in Washington County near the 34 milestone marker on the southbound section of the highway.
A tractor-trailer was parked on the shoulder with a flat tire when a 19 year old driver smashed into the back of the truck. The reasons for the crash are still not clear, but appear to be due to the teen driver over-acting to their vehicle drifting out of the lane he was in.
Luckily in this incident, the driver of the truck and his passenger were unharmed. The driver operating a Toyota Avalon was killed on impact. Two of the passengers in the vehicle were also killed on impact, while a third passenger was badly injured and had to be air-lifted to Bristol Regional Medical center.
Statistics held by the National Highway Traffic Safety Administration show that more teen accidents happen because of over-acting, as what we believe may have happened in this Virginia accident. In Virginia, would-be drivers under 18 have to complete 45 hours of actual driving practice with an adult in the vehicle as well as driver education before they are able to get their driver license, but if you obtain a license at 19 year olds you do not need any more than driver education.
According to the National Safety Council, young drivers need many hours of practice driving before they are capable of driving safely, especially when it comes to using a busy highway with high speed and changing lanes. Learning to stay on course and entering and exiting a highway or freeway safely must be taught strenuously.
Regardless of the reasons for teen auto accidents, many people are still injured or killed as a result of poor driving skills. Innocent victims may have to foot the bill when it comes to long periods of medical attention and time off work because of someone else’s negligence. If someone suffers from serious injury such as brain and/or spinal injuries, they may lose their jobs or be unable to earn a living as they had been able to do before the accident.
Because of this, we offer victims lawsuit funding for teen auto accidents to receive compensation from the negligent party. A personal injury lawsuit is designed to make the client “whole”. But justice usually takes time. Sometimes as much as several years pass before a settlement is reached.
But how is the injured person, who may be a breadwinner, able to cope financially in the meantime?
When money is short, injured accident victims may be able to arrange settlement funding, also known as “pre-settlement loans”, to assist them financially until they receive their settlement cash.
Lawsuit funding for teen auto accidents may be arranged when a personal injury attorney has been retained to file the lawsuit on a contingency fee basis. That is, the attorney only gets paid if and when the case settles.
Likewise, a lawsuit settlement funding company is only repaid if the case is successful. The money can be used at the client’s discretion.
“Lawsuit loans” are normally carefully assessed for risk and will only be funded when the lender decides there is a very good chance of a successful settlement. These settlement loans are regarded as zero risk loans for the plaintiff because they need not be paid back unless a settlement is reached.