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Understanding the full financial impact of a crash

On Behalf of | Aug 1, 2024 | Personal Injury |

Car accidents can have devastating financial consequences for everyone involved. What should people know about the expenses they might face after a crash and the ways that a personal injury lawsuit could lift that financial burden?

How much can a car accident cost?

After a car accident, the costs can add up in many ways. Some common expenses include:

  • Medical costs: This includes emergency care, staying in the hospital, surgeries, medicines and continued therapy and rehabilitation.
  • Fixing or replacing a car: Depending on how bad the crash was, the car might need repairs or replacement.
  • Lost wages: If the injuries are bad, the person hurt might not be able to work while they recover. Some people may lose the ability to perform their previous job or to support themselves entirely. This loss of income can be devastating.
  • Costs for long-term care: In cases of serious injuries, an injured person may need ongoing care for years. Some may even require medical support for the rest of their life.

Depending on the severity of the crash, these expenses can total thousands or even millions of dollars. The average cost per crash that results in an injury totals about $42,000. If the injuries are disabling, this cost can shoot up to around $162,000. Deadly crashes can cost more than $1,869,000.

A personal injury lawsuit can help.

A crash can leave injured people and their families dealing with unexpected bills and losses. Luckily, a personal injury lawsuit can provide financial help and ease some of the stress for those affected.

A car accident lawsuit can provide damages for medical bills, lost wages and property damage. It can also help cover other losses that are harder to put a number on, like a decreased quality of life or loss of companionship in cases of severe injury or fatality.

Getting help through a personal injury lawsuit can offer crucial financial support to injured people and their families as they try to recover.

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