Suffering an injury in an accident caused by another party’s negligence or recklessness changes your life and your finances dramatically. The diagnoses of some injuries are not always evident shortly after an accident has occurred — in the event of a car accident, those involved may not even realize they are injured due to shock. But following this initial injury, medical costs can be steep and surprising, especially when it comes to ongoing treatment, future care and lost wages. Some serious injuries can even require lifelong treatment and expensive home modifications.
These are a few unexpected costs that can be incurred following an accident:
- Income loss – past, present and future earnings
- Medical treatment for immediate physical injuries
- Long-term medical care
- Health insurance copayments
- Non-covered health expenses
- Property damage repairs (accident site)
- Counseling treatment for emotional trauma
- Medications to offset the stress and emotional trauma
- Future hospitalizations when symptoms return
- Physical therapy or extensive treatment in a rehabilitation center
- Treatment of preexisting injuries made worse by the accident
- Remodeling existing home to accommodate medical equipment or wheelchair access
- The cost of traveling to and from medical appointments (fuel, tolls, parking fees, etc.)
- Replacement or repairs to automobile
- Health insurance loss (especially if this is tied to your employer)
- Housing (in the event of foreclosure due to lost income)
Keeping a daily log after your accident allows you to document your expenses and the impact your injuries have on your ability to lead a normal life. This information is useful to our attorneys as we develop your case and determine an appropriate settlement amount.
Beware of insurance adjustors in sheep’s clothing
Insurance companies almost always attempt to coerce the victim into a settlement. Litigation expenses are not cost effective to an insurer’s bottom line, because jury awards are often higher than settlements and jury verdicts frequently favor victims. The insurer’s job is to minimize their client’s responsibility, and to make you appear at least partially at fault. The insurer protects insurance company interests.
Tate Law Group, LLC can protect you.