Lawsuit Funding in Indiana
Rapid Lawsuit Funding provides fast, quick, and legal pre-settlement loans for lawsuits plaintiffs across Indiana. Getting a lawsuit loan helps you and your family survive financially as you wait for the maximum lawsuit settlement that you truly deserve.
- Payback $0 if you lose
- Receive cash within 24 hours
- Get dedicated expert service- Get Indiana’s lowest interest rates
Are you a resident of Indiana with a pending personal injury lawsuit and financial difficulty?
You are in the right place. It’s common for plaintiffs in personal injury cases like you to struggle financially while the case is being decided. Many such plaintiffs in Indiana turn to loan providers for financial support, with wonderful results. At Rapid Lawsuit Funding, we understand the predicament you are facing. And we provide financial support in the form of a pre-settlement loan to any plaintiff in Indiana. The loan is designed to help you fix your financial problems as you wait for the verdict or settlement.
Because personal injury lawsuits, in particular, are complex in nature, they tend to drag on for weeks or even years. Even when plaintiffs like you win and receive compensation, it usually takes ages to be paid out. Insurance companies tend to use delaying tactics when dealing with lawyers to bully plaintiffs into accepting lower compensation payouts.
All of this tends to happen as plaintiffs as you struggle with new daily bills such as rent and mortgages, or even medical bills resulting from the personal injury itself. Some personal injuries are so severe that victims can’t work, which cuts off their source of income. Our lawsuit loan helps you cover these costs when they arrive.
Rapid Lawsuit Funding’s lawsuit funding is just about the best deal you’ll get across Indiana. You get processed within mere minutes and receive cash within 24 hours. You also receive guidance from one of our many experts as you get the loan. Support is provided 24/7 too.
Pre-settlement Funding Requirements in Indiana
We’ve made applying for lawsuit funding pretty easy. All you need to start is your name, your contact information, and your attorney’s contact information.
- No Background Credit Checks
- Rapid Lawsuit Funding does not look into your credit history or consider it in order to offer you a cash advance.
- Simple Application Process
- Our application process takes mere minutes, and all we need is a conversation with you to fill out the paperwork.
- Only Pay Back When You Win
- Rapid Lawsuit Funding’s pre settlement loans are non-recourse, which means that if you lose your lawsuit, you don’t have to pay back our cash advance.
Current Indiana Laws and Regulations on Lawsuit Funding
Indiana Legal Guidelines on Lawsuit Funding
Average Funding provided per case by Rapid Lawsuit Funding: $500 min – $2,500,000 max. Depending on the value of your lawsuit, Rapid Lawsuit Funding can support you to the tune of $2.5 million.
Fault Laws: Modified Comparative Fault – 51% Bar Plaintiff will be barred from recovery if he is found to be more than 50% at fault. Under 50% fault will reduce pro-rata damages. I. C. § 34-51-2-6.
Statute of Limitations: 2 years Title 34, Art 11, Ch. 2, Sec. 34-11-2-4
Minimum policy limits for bodily injury & property damage: $25,000 bodily injury liability per person $50,000 bodily injury liability per accident $25,000 property damage liability per accident
Minimum UIM auto insurance limits: Liability 25/50/10 (effective July 1, 2018: 25/50/25)
Worker’s compensation eligibility: Eligible. Anyone that sustains injuries at work because of repetitive use of a body part, or has an existing health condition worsened by work processes such as strokes or heart attacks, is eligible for work compensation in Indiana.
Pre-settlement loans are fully legal in Indiana. State legislation allows lawyers to advise their clients to seek financial support for their lawsuits in case they need it. Still, lawsuit funding must be done according to the guidelines set aside by the state in the House Enrolled Act 112. Rest assured that Rapid Lawsuit Funding follows all of these rules when offering you its cash advance.
One major regulation regarding pre-settlement loans in Indiana is that they must be non-recourse. This means that plaintiffs can only pay back the cash advance when they win a lawsuit or get a settlement. If they lose, no money has to be paid to the loan settlement company. Rapid Lawsuit Funding follows this rule to the core.
It is also important that you tell us if you have already received some funding for your lawsuit from someone else because it helps us work out a repayment schedule that works for you. Having prior financial support from other funders does not disqualify you from receiving our cash advance.
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Reviews From Our Clients
Rapid Lawsuit Funding has already paid out more than $25m in lawsuit loans across the country!
Indiana Personal Injury Law and How It Affects Funding
For residents of the state of Indiana, the statute of limitations for personal injury violations is two years. This is calculated starting from the date the injury is inflicted. Once no formal complaint is filed in Indiana’s civil courts within those two years, the victim loses the chance to get the case heard. This also cancels any potential compensation the victim might have received.
In Indiana, according to Ind. Code 15-20-1-3, dog owners are considered liable for any injury or accident caused by their dog, regardless of the dog’s past behavior.
When it comes to fault determination, Indiana uses the comparative fault doctrine, which determines the compensation a victim can claim by factoring in how responsible they are for the injury or accident. With the comparative fault doctrine, the compensation is reduced by 10% if the victim is found 10% responsible. According to Indiana state law, however, a plaintiff that is found to be 50% or more accountable for their injuries does not get any compensation.
Indiana state law caps non-economic damages for medical malpractice cases at $1.8m. In the case of medical malpractice involving the government, the state caps the damages at $5m. Still, this capping is not too tight. Judges have occasionally asked for more in damages, but rarely.
In case of auto accidents, Indiana uses a fault-based system to identify who’s responsible. With this system, the driver that’s held accountable for a car accident is also regarded as responsible for any other harm that may have happened. If you have been injured in an accident caused by another driver, you can file an insurance claim on the driver’s insurance and get sorted. You can also file a third-party claim directly using the driver’s insurance, or just submit a personal injury lawsuit. Drivers in Indiana must have the following insurance coverage:
- $50,000 for total bodily injury or death liability in an accident caused by the driver of the insured vehicle
- $25,000 for bodily injury or death of one person in an accident caused by the driver of the insured vehicle
- $25,000 for property damage caused per accident by the driver of the insured vehicle.
If you’re driving in Indiana, you must also have uninsured motorist coverage equal to the amounts listed above, i.e., $50,000, as underinsured motorist coverage for bodily injuries.
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Some Recommended Personal Injury Lawyers in Indiana
Indiana is home to many smart personal lawyers, and they are always willing to help. Hiring personal lawyers Indiana can be highly beneficial you as they provide the loan settlements for their clients. Some of the best include these below:
- Katherine Moore
- 225 West Main Street, P O Box 668
- Lebanon, IN 46052
- Randal Klezmer
- 8520 Center Run Drive
- Indianapolis, IN 46250
- Jeffrey JJ Shaw
- 56 Indiana Ave
- Valparaiso, IN 46383
- Todd C. Barsumian
- 5455 Old Indiana 261
- Newburgh, IN 47630
- Nathaniel O Hubley
- 810 South Calhoun Street, Suite 200
- Fort Wayne, IN 46802
Fatality Statistics for Car Accidents in Indiana
Car accidents are unavoidable even if you drive with caution. There are chances of getting injured in a car accident. However, the state of Indiana records some of the lowest accident fatalities in the United States. According to the 2017 statistics on auto accident fatalities in the state, based on data from the Fatality Analysis Reporting System developed by the US Department of Transportation, Indiana recorded only 914 deaths from 836 fatal car accidents across the whole year. The state of Mississippi holds the highest death rate yet, with 23.1 car crash deaths per 100,000 people. Indiana clocks in with just 13.7 deaths per 100,000 people, which is way lower. The FARS data also revealed that 34% of Indiana’s accident victims weren’t wearing a seat belt while 29% had high alcohol in their system.
Rapid Lawsuit Funding is one of Indiana’s leading lawsuit funding companies for cases related to car, bike, and any other motor accidents. The data settlement firm Indiana cover serious accidents or car injuries. We specialize in offering personal injury loans Indiana and mostly consider auto accident lawsuit loans for cases resulting from the accident types below:
- Car accident
- Motorcycle accident
- Bicycle accident
- Bus accident
- Tractor-trailer accident (truck accident)
- Pedestrian accident
Talk to one of our experts about getting lawsuit funding for your auto accident lawsuit at (800) 581-7202 today!
Indiana Lawsuit Funding Frequently Asked Questions
Who qualifies for a pre-settlement loan in Indiana?
Anyone that obtains a bodily injury because of another party in Illinois qualifies for a pre-settlement loan in Indiana, as long as they are going to sue or are already in the process of. As long as you are injured within the state, you qualify for lawsuit funding from Rapid Lawsuit Funding.
What is the difference between a lawsuit loan and a cash advance?
There is no difference between a lawsuit loan and a cash advance. ‘Lawsuit loan’ is just the legal way to term it, but it is a cash advance given to you to settle your other costs as you wait for the verdict in your lawsuit. Rapid Lawsuit Funding’s cash advance is non-recourse, which means that you don’t have to pay it back if you lose your lawsuit. We only get paid when our clients win.
Are there specific guidelines on how I should spend the cash advance?
Rapid Lawsuit Funding does not enforce any guidelines on how you can spend your pre-settlement loan. Our cash advance is designed to help you cushion your life and your family’s well-being as you wait for the settlement from your lawsuit to be processed. You are free to spend it on utility bills, mortgage payments, rent, medical costs, or even lawyer fees. We do not snoop about your wallet.
Apply Now for Pre-settlement Loan in Indiana
If you are currently facing financial strain while handling a lawsuit in court, we can help you. Rapid Lawsuit Funding has already helped thousands of individuals and families in Indiana with lawsuit funding, and they are willing to help you too. A team of experts is always on hand to answer any questions and help with the application process.
Contact any of our experts at (800) 581-7202 to get your pre-settlement loan today.
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Talk to one of our experts on lawsuit funding today on (800) 581-7202.