“7 Reasons Car Crash Claims Could Cost You More Than You Think”
Car crashes are some of the most common causes of injury and death in the United States. Unfortunately, they can also be one of the most financially costly events that you may experience. In addition to medical bills and lost wages due to missed days of work, there are a number of hidden costs associated with car crash claims that could end up costing you more than you think. Here are seven reasons why car crash claims could cost you more than you think:
1. Insurance companies are out for their best interests, not yours. Insurance companies make money by collecting premiums from policyholders and paying out as little as possible when it comes time to settle a claim. They have teams of experienced adjusters who are experts at finding loopholes to deny or reduce the amount of your claim. Without an experienced lawyer on your side, you are at a major disadvantage when negotiating with them.
2. Uninsured motorist coverage is not always sufficient. If the other driver involved in the accident was at fault but did not have any insurance coverage, your uninsured motorist coverage might not cover all of your losses. It is important to understand the limits of this type of coverage and hire a lawyer who can help you identify all potential sources of recovery.
3. Pain and suffering damages can be substantial. If you were injured in the crash, you may be entitled to what is known as pain and suffering damages above and beyond reimbursement for medical expenses and lost wages. This is where having an experienced lawyer on your side can really help maximize your settlement amount as they understand how to evaluate pain and suffering damages and present them persuasively to the court or insurance company.
4. Punitive damages may be available in some cases. Punitive damages are designed to punish wrongdoers and may be available if the other driver was driving recklessly or under the influence of alcohol or drugs at the time of the accident. Having an experienced lawyer on your side can help you determine if punitive damages may be applicable in your case.
5. Lost wages due to missed work must be accounted for in your settlement amount. You may have lost income due to missing days or weeks of work while recovering from your injuries, which should be accounted for in any settlement amount with the at-fault driver’s insurance company or court award if suing them directly. Your lawyer can help ensure that all lost wages are included in any settlement offer or award amount.
6. The statute of limitations applies to car crash claims and must be taken into account when filing a lawsuit against an at-fault driver or their insurance company. The statute of limitations varies from state-to-state but generally requires that a lawsuit is filed within two years from the date of injury or discovery of injury related to a car crash claim; otherwise, you could lose your right to pursue legal action against them for compensation for any losses related to the crash..
7. An experienced lawyer can help maximize your settlement offer or court award amount by negotiating effectively on your behalf with an insurance company or opposing counsel in litigation proceedings if necessary. Even if it ends up being cheaper than hiring a lawyer, representing yourself could result in receiving far less compensation than what an experienced attorney could get for you by negotiating aggressively with opposing counsel or insurance companies on your behalf..
Overall, car crash claims can become very costly very quickly due to a variety of factors including medical bills, lost wages, pain and suffering, punitive damages, lost income due to missed work, and more – so it is important that anyone involved in a car crash consider hiring an experienced lawyer who knows how to maximize their recovery amount from any potential liability sources through aggressive negotiation tactics as well as timely filing deadlines related to state statutes of limitation laws .