How To Recover Financially After Being Injured

By Ashutosh Jha → Wednesday, July 14, 2021

No matter how careful you are, an accident can happen. And of all the challenges that come when getting into a serious accident, the financial implications can be some of the most difficult to overcome.

Some of the latest data by the Centers For Disease and Prevention reveals that accidents in the U.S. led to 29.4 million emergency room trips and 39.5 million doctor visits, and getting medical care can take a serious toll on your savings. You may not know who will pay for all the medical bills, or how you'll have enough money to live on while you can't work. What happens if an accident wipes out your emergency fund?

Image source: corporatefinanceinstitute.com

It's no wonder getting into an accident can result in such a significant emotional and physical toll. So how do you get financial life back on track?

Turn To Your Insurance Company

Many of us make our insurance payments for years without having to use it, which often feels like a waste, but when you need it, you'll be thankful. Of course, exactly what your insurer can do for you depends on your particular policy, but it should cover a least part of your medical bills, for car repairs or the total value of your vehicle before it was totaled, a portion of the cost to rent a vehicle, and damages caused to anyone else involved in the accident, if you were at fault.

Get Legal Help

While your insurance policy can be very valuable when it comes to lessening the financial burden, the insurance company isn't on your side. No matter how reputable, it's in business to make money. That means one of the first things you should do after getting injured in an accident is to contact a personal injury lawyer.

There is no one better to have at your side to ease the stress and worry than an experienced attorney who will be able to determine the financial offsets and damage you're entitled to if the accident wasn't your fault.

Having a good attorney can help you fight the insurance company (and its team of lawyers) to get that payment as well as a hospital, physical therapy facility or a healthcare professional that may be overcharging you.

Depending on the circumstances, your personal injury lawyer can also help ensure that you get a settlement that covers everything from your medical expenses to future loss of earnings and everything in between. As most work on a contingency basis, you won't have to pay anything until the case is settled, and even then, it will be a percentage of the settlement.

Crowdfunding

If you've tapped your savings and are truly strapped for money, you could take out a personal loan (assuming you have good credit), but that's just going to put you further into the hole. Another option for those who are struggling financially is to try crowdfunding on a platform like GoFundMe, Fundly or GoGet Funding, which offer a way to get help from the public.

Insurance

What To Do If You Get Into A Car Accident

By Ashutosh Jha → Sunday, January 3, 2021

According to a survey, "Approximately 1.35 million people die each year as a result of road traffic crashes". There’s no knowing when bad luck can strike, if you find yourself in a car accident, no matter how big or small you think it is, it needs to be dealt with immediately. Here are a few things you should do if you get in a car accident.

Check yourself:

If your bad luck emerges out of nowhere and you find yourself in a car accident, stop the car, turn on the hazards to alert the drivers passing by, and check up on yourself for potential injuries. If you feel dizziness or other problems without physical injuries, you might have a concussion or internal bleeding, in this case, don’t get out of the car if you feel like it’s safe, call 911 and get some help.

If you’re in good shape despite the accident, be a good civilian and check up on the other person involved in the accident and offer help even if it was their fault.

Thinking fast:

If you’re sure that everyone involved in the accident is safe and in good shape, exchange information and make sure you have the proper credentials of the other person involved as it’ll help out with getting insurance as soon as possible. When someone files an insurance claim, the insurance company reviews the accident and figures out who the person to blame is, after figuring out the party responsible for the accident they work on getting information, which you can help with if you think fast after the accident.

Getting a lawyer:

There are many lawyers with the specific purpose of helping out people who get into car accidents, if you’re sure you’re not the person to blame for the accident, you can file a lawsuit and repair your damages instantly. Car accident lawyers can also help provide reimbursement for future medical bills of injuries concerning the accident.

Why getting a car accident lawyer is your best bet at getting compensation:

A car accident lawyer’s services differ from other lawyers, they work day and night to make sure you are fairly compensated for your damages as well as using their legal responsibilities to give consultations to you to get a good settlement offer from the other side.

Many car accidents are fought out in court and settled there as well, instead of hiring expensive litigators who can’t even be trusted to stand up in court. Going to court isn’t the best option for people looking to resolve their mess as soon as possible, cases like these can last a year or more depending on the severity of the accident.

If you live in Kansas City and unfortunately get into a car accident, it’s better to get a car accident lawyer who specializes in a crisis like these, instead of wasting more of your resources by going to court, a good Kansas city car accident lawyer can get the best settlement for you.