Auto Accident Loans & Accidental Injury Insurance

Lawsuits over automobile injuries are among the most common, and details of the settlement can be confusing. In all states, a registered automobile must be covered by liability insurance. Because in many auto injury accidents more than one party is at fault, some states like New York have implemented comparative negligence legislation that allows the court to assign a percentage of fault to more than one party. For example, you may share a portion of the fault for an accident, even though you have been injured.

NYC (New York) personal injury attorneys

Contact Cronus if you need financial help to cover your bills while waiting for your auto accident injury case to be resolved. We will help you navigate the complexities of the legal system and keep up with your expenses until the case is settled.

How can I get the most money for my auto accident? 


Your total settlement amount depends on many things, including the degree of damages, the severity of injuries, the number of parties involved, who is at fault, and the amount and quality of evidence you are able to provide. In most cases, you will be dealing with the defendant’s insurance company, not with the negligent party. 


A personal injury attorney knows how to navigate the legal system and negotiate with insurance lawyers, to get you the highest settlement possible. But it can take time. If you need cash now while you wait for your case to settle, Cronus can offer you a cash advance against your settlement. 


To get the most money, provide your attorney with detailed documentation, including police reports, witness accounts, photos of the accident scene, emergency transport documents, medical reports and bills, and any other documentation or information that might contribute to a convincing case. Do not try to negotiate with the defendant’s insurance company yourself, refer them to your lawyer.


How much will an at-fault driver have to pay if a victim has serious injuries?


In a serious accident where a single party is clearly at fault, the negligent party’s out-of-pocket costs will depend on the amount of their deductible outlined in their insurance policy. The waters get muddied if the driver is uninsured, which is illegal in every state. Even if the defendant is found guilty, uninsured drivers often lack the monetary resources to pay for insurance, never mind enormous medical bills caused by their negligence. 


After an insured defendant meets their deductible requirement, their insurance company will be responsible for the remainder of expenses, provided there are no complicated circumstances. If you are the injured victim of an auto accident, your best chances for a fair settlement rest with hiring a competent personal injury lawyer. Many work on a contingency basis, and collect their fees only after the case is settled, saving you from up-front legal expenses. If you have urgent bills to pay, consider a cash advance loan from Cronus to tide you over.


What is an average settlement for a motor vehicle accident?


Your settlement amount depends on multiple factors, and it is impossible to project an average without knowing the specific details of your case. 


Factors that determine a settlement award include: 


  • Type of accident (individual, commercial, bicycle, pedestrian, multi-vehicle, etc)
  • Extent of property damage 
  • Type and severity of injuries
  • Proof of negligence
  • Quality and amount of evidence
  • Additional pain and suffering
  • Need for ongoing medical care
  • The defendant’s insurance coverage
  • Many other factors


Your settlement amount also hinges on the experience and abilities of your attorney. A skilled personal injury lawyer knows how to navigate the legal system and negotiate with insurance lawyers. If they work on a contingency basis and calculate their fees as a percentage of the settlement, they will fight to get you the largest settlement possible.


Settling your case can take time. To hold out for the highest possible settlement, consider a cash advance against your settlement from Cronus.

How is My Auto Accident Settlement Loan Amount Calculated?

Auto accident settlement loans are based on three primary factors: Damages, Liability and Insurance Coverage. Once we receive your application and gather information from your lawyer, our underwriters will review your case. The amount of pre-settlement funding available to you is typically around 10% of your estimated case value (the total amount you can expect to receive in your settlement).

Bear in mind that you are not obligated to borrow the full amount offered. In most cases, legal expenses, medical expenses and other additional expenses will be deducted from your total settlement as well. You do not want to totally deplete your settlement before it is even awarded.

How Do I Apply for an Auto Accident Loan?

The application process for car accident settlement loans is quick and easy. Simply complete and submit our convenient online form, or contact us by phone. Our friendly staff is standing by to answer your questions and process your application. 

When you apply, be ready to provide the following details, to expedite your cash advance: 

  • Name and contact information of your attorney.
  • Insurance company details for yourself and the negligent driver.
  • Details about your accident and injuries.
  • Your share of liability in the accident, if any.
  • Medical, legal and other expenses incurred from the accident.
  • Other relevant details.

Once we have the information we need, we will quickly get to work to review your application, get in touch with your lawyer and determine the available amount of your car accident loan. You can rest assured that there is no credit or background check, and you will have no out-of-pocket expenses. In most cases, funds are available to you within 24-48 hours.

Pre-Settlement Loans for Auto Accidents

Cronus Capital Group is one of the premier auto accident loan companies in New York. Our reputation for transparency, trustworthiness and customer service meets and exceeds the standards in our niche. With offices in Brooklyn, Queens, Long Island and Staten Island, Cronus is nearby and ready to serve auto accident victims throughout the greater New York area. 

If you have been injured by a negligent driver and need money now, contact Cronus Capital Group today, and let us help relieve your financial pressure while you recover and wait for your case to settle.
What Else Should I Know Before I Apply for an Auto Accident Lawsuit Loan?
If your car accident happened in the state of New York, there are a number of advantageous laws that favor car accident victims. 

  • The State of New York has a special “No-Fault” law that is not available in most other states. It allows for your own insurance company to cover up to $50,000 of medical bills from your accident. In other words, you will not have to repay medical bills for your injury treatment, up to $50,000. Without this provision, all your medical bills would be deducted and repaid from your settlement money.
  • The State of New York mandates that insured drivers carry a minimal amount of insurance, so all auto insurance policies have minimal coverage of $25,000/$50,000. This means the maximum coverage per injured occupant is $25,000 and the total policy coverage for all injured occupants in the crash is $50,000. Insurance policy limits play an important role in establishing the maximum amount of money you can expect to receive in your settlement. Although a 25/50 policy is the New York State minimum, drivers often opt for higher limits. 
  • Motor vehicle lawsuits in the State of New York must be filed within 3 years from the accident date. If you don’t file before three years have elapsed, the statute of limitations will prohibit you from filing a claim for damages.

What are the Prerequisites to Qualify for an Auto Accident Settlement Advance?

Not everyone who was involved in a car accident is eligible for auto accident funding. To qualify, you should be able to meet the following criteria:

  • Have serious medically documented injuries or other damages caused by someone else’s negligence
  • Have an attorney or legal team working on your case
  • Be an adult over age 18, or be the parent of an injured minor
  • Have a case filed against an insurance company, a government entity, or a large business entity with substantial assets

Once you submit your application, our attorneys and underwriters will work with your lawyer to assess your case and decide on your available cash advance amount.
Are Auto Accident Loans only Available for Car Crashes?
While personal vehicle crashes are common, there are many other categories of motor vehicle accidents, and most are eligible for pre-settlement funding.

At Cronus Capital Group, we provide funding for:

  • Car accidents
  • Motorcycle accidents
  • Pedestrian accidents
  • Truck accidents
  • Bicycle accidents
  • Tractor trailer accidents
  • Bus and school bus accidents
  • Limo and ride share accidents

Regardless of whether you were the driver, a passenger, a pedestrian or a cyclist, if you were injured in a motor vehicle accident you may be eligible for a car accident cash advance.



Contact us today to get a free consultation. Receive the cash you need now and solve current financial issues. Concentrate on your case and let Cronus help you cover urgent expenses.