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5 Costs Associated With Car Accidents

5 Costs Associated With Car Accidents

· While your health is the most important thing to focus on after a car accident, there might come a time when your financial situation enters into the equation

viernes 17 de junio de 2022, 17:24h

Car accident-related costs can be expensive, and it might have crossed your mind that you’ll need to find a way to pay for them. Fortunately, car accident lawyers can fight for compensation from the responsible party to cover them. Often, they factor the following expenses into your demand letter.

Emergency Medical Care

Emergency medical care is one of the first costs your Abogado de accidentes or accident lawyer will factor into your demand letter sent to the insurance company of the person responsible for your accident. Medical treatment can be costly, with the average emergency department bill totaling several hundred dollars without considering additional tests or care. When the car accident wasn’t your fault, it’s only fair that the person responsible for it should be the one required to cover your medical costs.

Medication and Specialist Treatment

Some accident-related injuries can be complex enough to require ongoing specialist treatment and medication, which can come with a high price tag. Many accident lawyers will wait until an accurate calculation of these costs can be established before proceeding with a demand letter. By doing so, they can be sure that you’re not going to be out of pocket for future bills directly related to your accident.

Lost Wages

Many Americans live paycheck to paycheck, so being off work and not earning an income can cause a great deal of stress. Fortunately, the best personal injury attorneys will consider this when calculating your accident-related costs.

Lost wages can be calculated by multiplying your hourly wage by the number of hours you missed due to your accident. If you’re a salaried employee, they can also divide your salary by the number of weekday work hours in a year and multiply it by the number of hours you missed due to your injuries. Other related costs might also be considered, such as lost promotion opportunities, overtime payments you regularly receive, lost sales commissions, and lost bonuses.

Vehicle Damage

Cars can be expensive to buy and repair, and you may not be in a position to purchase a new vehicle after an accident or fix the one you currently own. While your health is more important than your car, your lawyer might still calculate how much it would cost to replace your vehicle with one similar or fix your damaged one so that you’re not without a mode of transport for long.

General Damages

Not everything you experienced after a car accident can be calculated in economic terms, but that doesn’t mean you’re any less deserving of compensation for them. Your lawyer might put forth a demand for general damages, which can include pain and suffering and a loss of enjoyment of life. Many lawyers reach a figure by multiplying medical special damages by a factor of 1.5 to 5, based on the severity of the injuries you’ve sustained.

The average car accident can result in tens of thousands of dollars of losses for the victims, and not everyone is in a position to absorb these costs. By hiring an accident attorney, you might be in a strong position to receive adequate compensation for everything you’ve lost.

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