The Hidden Costs of Car Accidents: Beyond Medical Bills

In the aftermath of a car accident, most people immediately turn their focus towards medical expenses, but they often find these are just the start of the building expenses. A serious car accident can include a wide array of expenses that may dramatically impact a person’s life, from employment to an individual’s emotional well-being. By knowing the broader consequences an accident may impose, you can be better prepared for an accident while ensuring you pursue the full amount of compensation you deserve. Fleschner, Stark, Tanoos & Newlin can teach you about the hidden costs of car accidents that extend beyond medical bills.

Lost Wages and Earning Potential

Beyond medical costs, injuries sustained in a car accident can affect the working condition of someone’s body for long periods of time, often permanently, building debt you never expected. Missing out on potential wages is a relatively common issue, and some people even face reduced earning capacities for long after, which can affect the quality of their lives. This may be a result of being forced to change careers due to the injuries sustained, or if the physical demands of working can no longer be met.

Property Damage and Transportation Concerns

While there are insurance coverages for basic vehicle repairs or replacements, many policy payouts do not accurately reflect the actual value of the car. In some cases, it also poses the inconvenience of not having reliable transportation. Car rentals, carpool expenses, or a new vehicle can all be unexpected financial burdens after an accident if you are already paying for medical bills. If you are living in a rural area or one without public transportation, losing your vehicle may severely impact your daily life.

Additionally, even if you are not liable for the accident, being involved may lead to higher insurance premiums, and expenses such as deductibles, co-pays, or out-of-pocket fees may add up fast. With these financial setbacks, focusing on your recovery may become difficult.

Can You Be Compensated For Trauma?

For some, the emotional toll of a car accident may have lingering effects far longer than physical injuries. Anxiety, depression, post-traumatic stress, or even sleeping issues may be a result of the crash. These traumas regularly necessitate counseling or therapy, which may not be covered by health insurance and result in more hidden out-of-pocket costs for your car accident.

Other indirect effects and costs may occur, as family members or even caregivers may also experience emotional strain while helping you recover or adjust. These effects may be overwhelming and are usually underestimated in damage calculations.

Let Us Help You Understand the Hidden Costs Beyond Medical Bills of Your Car Accident

In a car accident, emergency care and vehicle damage are only the beginnings of a much more involved process. If you or a loved one has been in a car accident that resulted in serious injuries, our team at Fleschner, Stark, Tanoos & Newlin is here to help you understand the hidden costs of car accidents beyond your medical bills. Reach out to our team of experienced lawyers to talk about your case and explore potential compensation outcomes today.