5 Future Costs That Accident Victims Often Overlook?

Accidents occur suddenly and unexpectedly. It’s difficult to anticipate when they might occur, no matter how cautious we are. Likewise, the after-effects of an accident are often just as hard to see coming. Accident victims are usually anxious to get back to normal after an injury, so they may easily overlook some future costs. Since you can’t get compensated for an expense you didn’t foresee, these are 5 future costs that could wind up coming out of your pocket.

• Increases in Health Care – Although they may not come as a complete surprise to most Americans, the cost of health care tends to go up each year in a lot of areas. If any of those areas affect your medical expenses related to an auto accident, you could be left footing the bill for the difference if it hasn’t been factored into your settlement.
• Life Insurance Denial – If injuries sustained in an accident constitute preexisting conditions that disqualify a candidate, you could be refused coverage for a life insurance policy, or have your premiums increased to retain coverage under an existing policy.
• Emotional Distress – It’s easy to identify physical injuries in most cases, but the damage that an accident can have on your psyche, your peace of mind, is not so plain. Accident victims often suffer from such maladies as PTSD, depression, loss of companionship, or panic attacks. Quality of life is diminished for them in ways they could not have anticipated, and without expert legal advice likely would never have sought compensation.
• Drug and Alcohol Dependency – Accident victims are often at risk of becoming dependent on medications prescribed for their injuries; or due to the emotional impact or personal loss resulting from the accident, develop an alcohol dependency. These kinds of mental and emotional scars are far too commonplace in the aftermath of an auto accident.
• Insurance Rates – Accident victims who are not at fault are not subject to insurance hikes because of an accident. However, an at-fault driver, or a driver found to be comparatively negligent, may see his or her rates go up because of their accident.

Don’t Get Blind-sided, Get Professional Help

The surest way to avoid the hidden pitfalls that accident victims so often face is to hire an auto accident attorney who knows what you are going through and how to help you get through it. Give us a call at Edwards & Patterson Law in Tulsa or McAlester. We will provide you a free consultation. If we take your case, you can rest easy knowing those future costs will be a thing of the past.