Getting into a serious motor vehicle collision can quickly change your life. One of the areas that is often immediately impacted is your financial situation. There are a lot of potential expenses related to motor vehicle collisions. First of all, you need to worry about the cost to repair or replace your vehicle. Then, there’s the price of all the medical care you need for a full recovery from your injuries. Those amounts add up to billions in losses for American drivers each year.
However, that is not where the financial impact ends of an injurious collision. In fact, it may only be the beginning. In addition to incurring major, potentially ongoing, expenses, you will likely face the loss of a regular income while you recover. Many kinds of injuries can leave you unable to work, which can be a terrible problem for someone with an ever-growing stack of medical bills.