E-mail :

Password :

Forgot Password? | Sign up for Free

How a Personal Injury Can Affect You Financially

Posted by : Premraj | Posted on : Thursday, February 25, 2016

What is Bankruptcy Exactly

If you are thinking of filing a personal injury lawsuit due to a road traffic accident, slip and fall, workplace injury or any other type of accident or injury you may be wondering how much exactly your case is worth. At the end of the day, the factors determining how much your claim is worth are largely dependent on how the injury itself has affected you financially. Personal injury can cost a great deal, and that’s after the medical and legal fees which you will need to pay.

Medical Bills

Medical bills do not come cheap, and depending on the severity of your injury you may be set back a lot by having to pay them. This can be even worse if you are not covered by medical insurance, as you’ll need to pay from your own income or savings to cover the cost of your medical treatment. Even if you have medical insurance, you may be required to pay an excess in order to access treatment or even pay extra depending on the severity of your injury and the level of treatment needed.

Loss of Income

When you suffer from an injury, it may be necessary to take some time off from work whilst you recover and get treatment. Some injuries may even cause you to be no longer able to work at your job, leaving you either unable to work or searching for work elsewhere. For many people who suffer from an injury and make a personal injury claim, the loss of income caused by the injury is the biggest cause of distress.

Damage to Belongings

Depending on the type of accident you have suffered, you may experience some damage to your belongings which could be costly. For example, if you are part of a road traffic accident, there may be damage to your vehicle which could cost you to repair or even need to replace the vehicle altogether. Even if you are covered by your car insurance, the time without a car could cost you in public transportation or taxi fees in order to get to places where you need to be such as the hospital, work or even the shops.

What to Do to Regain Your Money

If you have been involved in an accident or injured, making a personal injury claim can help you to get the money which you have subsequently spent back, along with extra compensation for damages such as emotional distress. If your case is successful, you will most likely be reimbursed for any medical fees which you have been required to pay as a result of the accident, any income which you have lost due to it, and any money which you have spent on repairing or replacing property such as vehicles or clothing. If you have been injured and believe that you are entitled to make a claim, get in touch with the personal injury lawyers at Lamber Goodnow.

Injury can be distressing, and the financial costs can make things even more difficult.

Comments : Post a Comment | Category : Personal Finance | Tags :

Leave a Reply

Your email address will not be published. Required fields are marked *


* Copy This Password *

* Type Or Paste Password Here *

2,552,101 Spam Comments Blocked so far by Spam Free Wordpress

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Current month [email protected] day *

Free Budgeting software to better manage your money

Register for FREE, Learn More or Watch the Video