Ohio has outstanding beauty and attracts people from all walks of life. But all those winding back roads are also associated with vehicle accidents that lead to an exhausting dance of figuring out who was negligent and who wasn’t. This is why you may need the services of an excellent personal injury lawyer in Toledo for legal counsel. If you or your loved ones got hurt in a car accident, here are some of the ways the incident can affect you financially.
1. Medical-Related Expenses
Your health insurance provider can cover you for various medical treatments. However, you may have to consider co-pays, something that is likely to add up quickly. Besides, you may end up bearing the brunt of a larger number of the medical costs while your insurers analyze your personal injury claim. In case it takes a long period to process, there is a good chance you will end up in the medical facility’s collection department. This can affect your credit score negatively.
2. Insurance Premiums
Once you get involved in an auto crash, you are likely to become more of a risk to insurance service providers. This implies that they will charge you more for the same insurance coverage you used beforehand. You might also lose nearly all good driver perks that you had. Remember, this depends majorly on the level of damage resulting from the accident. According to experts, the average price of your auto insurance cover is likely to increase by 40 percent after the accident.
3. Time Away From Work
In case you suffered severe injuries, you will not be in a position to go to work. Depending on the extent of your injuries, you may need a few days, weeks, or even months to recover, and you will miss work during this period. Once you start feeling better and you are in a position to return to work, you may be required to take a few days off every week for rehabilitation.
Each day you are not at work, is a day that you’re not making income. These days, you cannot afford to miss a few days of work. Staying for weeks or even months without working will be a big part of financial strain after an auto accident.
4. Pain and Suffering
Ohio State laws allow for pain and suffering to be considered as damages and for a good reason. In fact, if it wasn’t for someone’s negligence, you could’ve gone on with your life. This shouldn’t be taken away from you without any form of compensation.
Generally, pain and suffering is an integral part of general damages. These are specific damages that compensate a victim of auto accidents for having ‘gone through’ the pain, inconveniences, and anguish due to injuries that would have never happened if the other driver was careful enough.
The ugly reality is that injuries associated with auto accidents will impact your financial stability. The impact can be minimal or significant, but those injuries cost something.