The value of a pedestrian accident settlement will vary for each injury victim. Insurance companies do not award a set amount for these accidents, so an attorney will need to review all of your losses before determining how much your case is worth.
Some injury victims receive a few hundred dollars for their losses, while others could get hundreds of thousands or more through an insurance settlement.
Regardless of how much your pedestrian accident settlement is worth, you’ll likely have to wait months or even years to get compensation from the insurance company. While you wait for your settlement payment, you can cover your expenses with pedestrian accident pre-settlement funding.
How Much Is Your Pedestrian Accident Settlement Worth?
The worth of your pedestrian accident settlement will depend on numerous factors, especially the total value of your losses. An attorney will need to meet with you and carefully review all the effects of the accident to determine a fair value for your claim.
Depending on your situation, you may get funds to pay for your:
Medical Expenses
Pedestrian accidents often result in catastrophic injuries. If a motorist hits you in a parking lot or while ignoring a crosswalk, you may need emergency treatment for broken bones, a spinal cord injury (SCI), or other major injuries.
Your lawyer could take steps to bring you funds for your time in a hospital, surgeries, medications, and other healthcare costs.
Lost Wages
You’ll probably miss time at work while you recover from a pedestrian crash. Your settlement may include money to cover your lost pay and reduced earning potential as an injured road user.
Pain and Suffering
In some cases, an insurance settlement will cover your non-economic damages after a pedestrian collision. In this situation, your settlement may include funds to pay for your:
- Emotional distress
- Mental suffering
- Pain
A lawyer can determine a fair value for all of these losses.
Schedule your free consultation today 855-386-3968
How Long Do You Have to Wait for a Pedestrian Accident Settlement?
Settlement negotiations with the insurance company can take an extended time after a pedestrian accident. In many cases, insurance representatives try to drag these negotiations out, hoping that injury victims will relent and accept a subpar settlement just to get funds to cover their losses.
Working with an attorney can minimize the time negotiations take, but you can still expect them to take at least several months.
Do You Have to Settle After a Pedestrian Accident?
You do not always have to accept a settlement from the insurance company after your accident. In fact, the company may refuse to settle at all, and your attorney will have to help with a personal injury lawsuit.
An attorney will need to present your claim in court to bring you compensation through this method. Going through court may take longer than settling. You should talk to your lawyer about the strategies that will work best for your situation.
You Can Get Money for Your Expenses Before a Settlement
You do not have to wait for the insurance company to provide a fair settlement to get funds to address your expenses after a pedestrian crash. If you have medical bills piling up, you have the option of applying for personal injury pre-settlement funding.
Pre-settlement funding allows you to get the money you need to pay for any expenses you experience. You can apply the money to:
- Healthcare costs
- Your rent or mortgage payment
- Utilities and grocery bills
You can even get non-recourse funding, which means you only have to pay back the money you receive after your attorney resolves your claim with a settlement or a jury verdict in your favor. If you do not win your claim, you don’t have to pay back the money at all.
How Much Pre-Settlement Funding Can You Get?
The amount of pre-settlement funding you receive will depend on the facts surrounding your case. Your lawyer will need to speak with the funding company to share information about your claim.
Pre-settlement funding amounts depend on the likely outcome of your claim, not a credit check or your average wages. You don’t even need to provide your Social Security number to apply for this type of funding.
Click to contact us today
We Can Provide Pre-Settlement Funding for a Pedestrian Accident
Our team at Pegasus Legal Capital can provide you with non-recourse legal funding after a pedestrian accident. We have a fast application process that can get you the funds you need after an accident in under 48 hours.
We will work with your lawyer to determine how much a pedestrian accident settlement is worth in your situation before approving your funding. Once we approve your funding, you can use the money in any way you see fit, handling your medical bills, housing costs, and other day-to-day expenses.
You can reach out to us now to apply risk-free.
Your pre-settlement funding consultation is free — contact us today!