Truck-related collisions can flip your life upside down in seconds. One moment you’re heading to work, picking up your kids, or driving through the city streets, and the next, you’re left with serious injuries, a damaged car, and a newfound list of bills.
What makes these situations even harder is that truck accident claims often take months—or even years—to settle. While you’re waiting for justice, your everyday expenses aren’t paused. That’s where New York truck accident pre-settlement funding comes into play.
At Pegasus Legal Capital, we provide financial relief for victims in the form of truck accident pre-settlement funding. Since 2007, we’ve helped 15,000 people in that in-between stage where they’re waiting on their case while trying to make ends meet. We’re here for you.
The Reality of Truck Accidents in New York
Truck traffic is constant in New York. From delivery trucks in Manhattan to big rigs hauling goods across the state, these massive vehicles are everywhere. Unfortunately, that means accidents are, too.
Because of the size and weight of these vehicles, collisions with trucks are often far more dangerous than car accidents. Victims often endure these injuries as a result of colliding with trucks:
- Traumatic brain injuries
- Spinal cord injuries
- Broken bones
- Internal damage
- Long-term disability
Recovery doesn’t happen overnight. You may spend months in physical therapy, unable to work, while your medical bills continue to pile up. And while New York state laws allow victims to seek compensation, the legal process is rarely fast-moving.
Insurance companies are known for dragging their feet, hoping financial pressure will push you to accept a lowball settlement. However, personal injury pre-settlement funding gives you breathing room so that you can hold out for the compensation you truly deserve.
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Why Truck Accident Cases Take So Long in New York
One of the biggest frustrations victims face is just how slow these cases move. Here are a few reasons why:
- Complicated liability issues: Was the driver, the trucking company, a parts manufacturer, or all of the above at fault? Sorting this out takes time.
- More than one party involved: Trucking accidents often include several defendants and multiple insurance policies.
- Severe injuries: Cases with major injuries require careful documentation of medical treatment, recovery progress, and long-term prognosis.
- Aggressive defense tactics: Trucking companies and their insurers often delay, dispute, or deny claims to protect their bottom line.
All of this means your case could stretch far longer than you expected. And in the meantime, you still need to cover rent, groceries, utilities, and other expenses.
How Pre-Settlement Funding Fits Into the Picture
Pre-settlement funding for New York truck accidents is designed specifically for situations like this. It allows you to access a portion of your future settlement now, when you could really use the help.
Here’s the key difference from a loan: repayment only happens if you win your case. If your attorney doesn’t secure a settlement or verdict, you don’t owe your legal funding provider anything. That’s what makes it a non-recourse cash advance, not a traditional debt.
It’s a way to level the playing field against large insurance companies and corporate defendants, who count on victims running out of financial steam before they can fight for a fair settlement.
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Common Expenses Covered by Legal Funding
People often ask, “What can I actually use the money for?” The answer is: whatever keeps your life on track while you’re waiting for your case to resolve. Here’s what a lot of personal injury victims end up putting their funding toward:
- Rent or mortgage payments
- Utility bills
- Car repairs or replacement transportation
- Medical expenses not fully covered by insurance
- Everyday living costs like groceries and childcare
For many, this cash flow relief means they don’t have to choose between affording their medication and paying for food. It buys time—and dignity—while the legal system runs its course.
Your pre-settlement funding consultation is free — contact us today!
The Role of New York’s No-Fault System
New York operates under a no-fault insurance system, which means after a crash, your own insurance typically pays medical expenses and lost wages up to a certain limit. This happens regardless of who caused the collision.
But here’s the catch: truck accidents often cause injuries that far exceed those limits. Once you hit the cap on your no-fault benefits, you’re left to rely on the outcome of your lawsuit. That’s when gaps in coverage start to show and why pre-settlement funding becomes so important.
Statute of Limitations and Why Timing Matters
Victims in New York usually have three years from the date of a truck accident to file a personal injury lawsuit. Conversely, wrongful death cases coincide with a two-year deadline instead.
While this may sound like plenty of time, building a strong case takes months while attorneys gather evidence, collect reviews, and engage in negotiations. The longer your case goes on, the more financial stress you’re likely to feel.
Thankfully, New York truck accident pre-settlement funding helps bridge that gap so you don’t feel pressured into settling too soon or for less than you deserve.
Contact Pegasus Legal Capital ASAP For More Information About Your New York Truck Accident Pre-Settlement Funding Options
Truck accidents invite a lot of overwhelming into victims’ lives, but financial survival during your lawsuit doesn’t have to be one of them. New York truck accident pre-settlement funding bridges the gap between your accident and your settlement.
That way, you can stay on top of your finances and move forward with your life while waiting for justice to run its course in your case. If you’re struggling with the costs of recovery, know that help exists. At Pegasus Legal Capital, we can provide you with the support you need.
Your pre-settlement funding consultation is free — contact us today!