Every day, thousands of people are involved in car insurance accidents. Some are small fender benders that require nothing more than an exchanging of insurance information, while others are more catastrophic. Accident costs can amount to millions of dollars in medical expenses, court costs and more.
Even the smallest injury can cost a lot of money. A broken leg, sprained back, or cracked rib can rack up medical expenses such as x-rays, sutures, or even surgery. In a major auto accident, a patient may have to be admitted into the hospital. It is very common for a hospital stay to run thousands of dollars a day and a surgical procedure can cost tens of thousands of dollars causing accident costs to skyrocket. Even if a person has a health insurance policy in place they may still have to pay for a portion of the costs which they may not be able to afford. If a death has occurred, funeral expenses must be paid. If a young person is involved, they may not have a life insurance policy to pay for this.
Medical costs don't always end with immediate or emergency care. Once an injured person is stable and recovered enough to go home, they may still require on going medical treatments. Back or head injuries often require physiotherapy or occupational therapy. If a head injury is major, then speech therapy may be required as well. Some injuries prevent the patient from walking, which could be a temporary or permanent condition. Wheelchairs, lifts, and specialized equipment must be installed in vehicles and homes in order to make travelling easier. These alterations can cost thousands of dollars to complete.
When a person is injured in a car accident, they may not be able to return to work for a long period of time. This loss of income can be devastating, especially if the injured party has dependants who rely on their income to live. It is difficult to maintain a certain standard of living when a primary source of income is no longer available.
The person who is deemed to be responsible for a major car accident may face hefty lawsuits because of an injury or death to another person. Car insurance liability is in place to cover such an occurrence, but in some cases, the person still has to pay some expenses out of pocket.
The ramifications of a car insurance accident isn't always measured in accident costs. Injuries, property damage, or the loss of a loved one can have a devastating toll on a person's emotional state. Stress can cause the dissolution of relationships and marriages which can be worse than the loss of any money amount.