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What A Car Accident Could Really Cost You

  • November 18, 2020

If you're reading this, I'm earning money. Thanks for helping to feed my family. Please see our disclosure for more information. Also, any advice provided is for informational purposes only. I'm not a CPA, lawyer, or doctor, although my parents wanted me to be all three. So, talk to a professional before acting on anything you read below.

What a car accident could REALLY cost you

We all try our best to be careful, courteous drivers. However, despite our best efforts, accidents still happen. And even the most minor of car accidents can result in debilitating injuries and bank balance devastation.

Introduction

It's easy to think that if the other party caused the accident then the costs to you will be minimal. Sadly, even if that is the case, you could still be left in a precarious financial situation. This is one of the many reasons why car accident victims reach out to personal injury lawyers after a crash. Simply as a means of reclaiming these expenses from the other party. If you’re wondering, “how can I increase my car accident settlement?” Click the link to find out more.

So, what other expenses can you expect from a road accident? Read on for what a car accident could REALLY cost you.

Related to car accident cost: Tips For Understanding The Worth Of Your Car Accident Case

Healthcare

A leading cause of bankruptcy in the US is due to sky-high medical bills. And you can guarantee that if you need any kind of hospitalization and treatment after your car accident, you can expect the expenses to rise, rapidly. From emergency treatment at the scene to ambulance costs, painkillers, medical procedures, the use of certain equipment, medical tests, scans, surgeries, prescriptions, the use of certain devices, doctors' visits and follow up care. Not forgetting potential rehabilitation and therapies.

As you can see, the costs can quickly escalate. So, it makes sense to speak with a PI lawyer as soon as possible.

Car costs and personal property

Regardless of why the crash occurred, if you’ve been in an accident your car is going to need some substantial repair work to get it back on the road. Unless it’s now a total write-off. Whether your back bumper is bent out of shape and your paintwork is damaged or if your vehicle is completely crumpled, having to pay huge amounts to either repair or replace your vehicle is not something you should have to deal with.

Not forgetting the potential cost to your personal property. If your laptop, smartphone or your golfing gear, for example, were in the car at the time and they're now damaged beyond repair, it's another cost you need to factor in.

Loss of employment

Whether you walked away with whiplash, a broken bone or a severe head injury, a road accident means time off work to recover and recuperate. And time off work often means you’re not getting paid for those crucial shifts. If you’re not working how can you pay your bills and support your family? Sadly, this is often when many car accident victims turn to credit cards and loans to help see them through, plunging themselves into debt.

Insurance costs

Most of the time it doesn’t matter why the crash happened, if you were in a collision, you’ll be facing higher car insurance premiums! Again, another expense after a car accident.

Final thoughts

As you can see, the REAL cost of a car accident is worryingly high. So, if you’ve been an accident that could have been avoided, reach out to a PI lawyer, today.

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