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How a Car Accident can Wreck your Personal Finances

A car accident can be devastating physically, emotionally, and financially. Not everyone realizes just how destructive they can be. On the other hand, from the point of view of the law, car accident victims have significant scope to recoup those damages from the responsible parties. In this article, we will discuss the potential fallout from a car accident and show you why it is so important to have a qualified car accident lawyer working for you.

Medical Bills
The most obvious consequence of a car accident is some kind of injury that results in big medical bills. According to the Law Offices of Eric Harron, an Austin, Texas car accident lawyer, while most people expect that these will be covered by their insurance, it often develops that the insurance companies fight back and try to avoid paying. They have much more resources, time, and experience in court than a regular person, so this can be a scary situation. The right lawyer can ensure that you receive a fair and just compensation for your medical bills. Today's economy is a particularly dangerous time to face medical bills, but this is only the start of what a car accident can do.

Job-Related Outcomes
There is much more to an injury than a stack of medical bills, as many problems as those cause. For example, an injury that takes a long time to heal will put you out of work for an extended period of time. You might even lose your job if you miss too much work. That means your personal finances will be affected on both sides- reduced income paired with large bills. The two together are much harder to overcome than either one separately. Furthermore, a particularly bad injury could result in a permanent loss of your ability to work. You might be less able to perform your job or even unable to work at all. That has a serious impact on your personal finances. Without an experienced lawyer, you could be in major trouble.

Property Damage and Loss
So far, we have only talked about damage to you, but a car accident also affects your property. Your car and possessions inside the car likely suffered damage and may be irreplaceable. Just as with medical bills, you might expect your insurance company to cover the loss and be surprised when they do not. Without a lawyer on your side, it is very difficult to force insurance companies to follow their policies and pay you what you are due. In the case of property, that can be a significant amount of money, and the longer you go without replacing or repairing your car, the worse off your financial situation becomes. It could affect your ability to get to work.

Pain and Suffering
Do not discount the pain and suffering that you can endure as a result of a car accident. You deserve compensation for the aftermath of an auto accident. It can be difficult to understand just how significant pain and suffering can be if you have not experienced it yourself, and hopefully you never will. But this is not a part of insurance policies, so you need the help of a lawyer to receive the restitution to which you are legally entitled.

Car accidents are frightening and destructive, and they can seriously destabilize your finances. With the help of a lawyer, however, you can minimize the damage and get back on your feet as soon as possible. Don't wait and don't sign anything until you speak to a lawyer. You need to know your rights and you deserve to have someone in your corner who will fight for you.

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Tags: accident, bills, car, damage, finance, medical, personal, property, wreck


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