Worldwide, an estimated 1.2 million people are killed in road crashes each year, and as many as 50 million are injured. If you’re one of the people driving and got involved in an accident, you’re not alone.
The true cost of car accident injuries goes deeper than medical expenses. While those are a large part of the increased expenses, they are not the only thing to take into consideration.
If you’re physically injured, you need to look at the true cost of car accident injuries. So, keep reading to learn more!
Heavy Medical Bills
After a car accident, the last thing any driver expects to be met with is a hefty medical bill. For those who suffer bodily harm during a car crash, the financial burden of hefty medical bills and even time away from work can become overwhelming.
It is important to understand the financial implications that come with these medical bills so that you can best prepare for them. Victims of an auto accident may also incur lost wages due to the inability to work and possible long-term disability benefits that could be needed.
Vehicle Damages and Repairs
Vehicle damage and repairs are often the first things that come to mind when someone gets in an accident. Repairing any damages to one’s vehicle can be a significant component of financial stress. Depending on the severity of the accident, car repairs may range from a few hundred dollars to tens of thousands of dollars.
Of course, the severity of the accident can play a major factor in the cost and necessity of any repairs. Even when one has adequate insurance coverage, a car accident can easily deplete their savings and create a financial burden.
Costs of Disability and Long-Term Care
There are long-term effects, such as being unable to work, the need for ongoing medical care, costs of disability and long-term care, and a decreased quality of life. Disability can result in loss of income. Long-term health care costs can also mount quickly as medical care and therapies become necessary.
Seek legal advice to help you get the financial compensation you are entitled to after an accident so you can cover the true cost of the accident.
Fortunately, an experienced Staten Island car accident attorney can help victims understand and pursue their rights to fairer compensation for their losses.
Lost Income
Lost income is a major consequence of a car accident and can be a serious financial burden, especially depending on how much you are paid, how long it takes to heal, and how many days of work you have missed.
Families struggling with the financial and emotional aftermath of an accident will often take legal action to claim compensation for the cost of their lost income.
Recognizing Costs of Car Accident Injuries
The true cost of car accident injuries can be overwhelming. From high medical bills to the emotional costs posed, it is important to always plan for the worst and have the necessary coverage to help mitigate the financial burden.
Speak with an auto insurance representative today to make sure you have the coverage you need should the unexpected happen.
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