Addressing the Financial Implications of Car Accident Injuries

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Car accidents can be devastating, life-changing events. Even after the initial shock has passed, consequences arising from an incident are often costly over the long term. Injuries sustained during a car crash may require expensive medical treatment. Severe injuries can have an impact on current and future employment prospects. Living costs will still need to be covered. It is important, therefore, to fully consider the financial implications of an accident. However, this can be a challenging task, particularly during the initial aftermath. Priorities may lie elsewhere; especially if victims are recovering from injuries. It is therefore prudent to enlist the help of an expert. Consultation with a lawyer is beneficial, particularly if they have local knowledge. If you need to speak with an experienced Dallas car accident lawyer, for example, contact Tate Law Offices at www.tatelawoffices.com/car-accident-lawyer.

Medical expenses

It’s no secret that medical care in any circumstances can be extremely expensive. After an accident, a visit to the Emergency Room can cost an average of $3,300. If hospitalization is required, that figure jumps to $57,000. Involvement of a spinal injury pushes the average bill even further, to $198,000 for the first year after the incident. It may be the case that victims do not have insurance coverage for these costs, so compensation must be considered. Experienced lawyers are well-equipped to navigate this process.

Rehabilitation

Depending on the severity of injuries sustained during a car accident, a period of rehabilitation may be required. This could involve further medical treatment, including physiotherapy and counselling. The process of rehabilitation may turn out to be costly; a single physiotherapy appointment can range from $50 – $350 on average. Psychological therapy sessions are similarly priced. A long-term recovery can have a severely detrimental impact on finances. This will need to be factored in when considering a compensation claim. Your lawyer will be able to put together a realistic estimate of these costs, and pursue appropriate reimbursement.

Living costs

Whilst recovering from injuries sustained in a car crash, individuals may be required to stop working, or take a period of leave, which may not be paid. During recovery, the everyday costs of living must still be taken care of. Without a regular income, this becomes problematic. Bills can pile up; related interest payments may spiral out of control. This is particularly galling when the victim is not at fault. Through consultation with a legal professional, you will be able to establish how you can claim back these costs.

Employment prospects

The physical and mental scars that result from a vehicular incident can be long-lasting. This may alter current and future employment prospects. In the short term, a period of time away from work might be necessary, which can have an impact on opportunities for development and promotion. Over the long term, career aspirations may be limited, due to physical impairment or mental trauma. Consideration must be taken regarding the impact of an accident on a victim’s quality of life, including their onward career.

The consequences of a car accident cannot be overstated. Resulting financial misfortune can be addressed by an experienced legal professional. They should be consulted at the earliest opportunity, to avoid or minimize the detrimental effect on the victim.

 

August 15, 2017 · Editorial Team · Comments Closed
Posted in: News