Understanding the Real Cost of Car Crash Injuries

Car crash injuries cost U.S. residents $594 billion in loss of productivity and loss of life each year, according to a 2010 study done by the National Highway Traffic Safety Administration. The total economic loss from car crashes totals nearly $900 for each person living in the U.S., or a total of $871 billion.

If you’ve experienced injuries as a result of a car crash, you may not realize all the loss you’ve suffered – from economic costs to loss of work, and even pain and suffering. Let’s look at some of the “hidden” costs of car crash injuries and the many areas of your life that could suffer following an accident.

Real Costs of Car Crash Injuries

Loss/damage to your vehicle – It’s obvious if you were injured in a car crash, your vehicle probably suffered some damage, as well. Depending on who is at fault, the cost of repairs could fall on you, your insurance company, or the other driver’s insurance company.

Loss of use of your vehicle – While your vehicle is being repaired or you are waiting for the insurance check to buy a new one, you may have to rent a car. Some, but not all, insurance policies cover this cost.

Medical bills – If you’ve been injured in a car accident, you’ll probably have some medical bills, which could include emergency room visits, X-rays, MRIs and even hospital stays or physical therapy bills. Your primary health insurance provider may not be responsible to cover these bills. Add in the co-pays you might be responsible to cover, and you could be looking at thousands – or even tens of thousands – of dollars in medical bills that the car insurance companies and you are responsible to pay.

Lost wages – If you’re unable to work due to car crash injuries, or if you have to take additional time off for doctor appointments, tests or physical therapy sessions, you could lose a lot of money. You may not be able to take care of your family, financially, in the same way you did in the past. This all adds up in ways you may not realize.

Attorney fees – At Merritt Webb, we don’t take any fees unless we obtain money for you through an insurance company settlement or jury judgement. But you should be aware of the percentage of attorney fees so that they will be covered by the settlement.

Loss of quality of life – If you’ve been in a car accident, your life may change substantially. You may find that you can’t do the things you used to do, whether that’s taking care of your children or playing your favorite sports (or both)! An accident attorney can help you quantify the damages from pain and suffering that go far beyond lost wages and medical bills. You may suffer not just physical injuries, but emotional trauma. Don’t forget to factor these losses into the total cost of a car accident.

Car Crash Injuries: Not Immediately Apparent

Perhaps the worst aspect of car crash injuries is that they might not show up immediately after a crash.

It’s important to see a doctor immediately after a car accident to determine if you suffered any injuries, and also to contact an attorney to be sure you are treated fairly by the insurance companies and receive the money you deserve.

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