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What should you expect your car crash to cost you?

On Behalf of | Nov 29, 2019 | Car Accidents |

There are as many as 2.35 million people who become disabled after becoming involved in car crashes every year according to the Association for Safe International Road Travel. Another 37,000 individuals lose their lives in similar types of incidents. The costs associated with these annual crashes is $230.6 billion. This equates to $820 per individual. There are many costs associated with an individual becoming involved in a car crash that you may not be aware of.

The financial impact associated with a car crash varies depending on how severe it was.

First, there’s the people factor. It matters who was in your car at the time you were struck. It’s also important to know if the driver or the passengers in the other car suffered any injuries. It matters how severely everyone was injured.

There’s also the car factor. It matters how severely damaged your vehicle is. What your automobile’s marketable value is important as well.

Then there’s the property factor. It matters whether anyone’s premises or possessions were damaged as a result of the crash.

The location also plays a role in helping anyone tabulate the total costs associated with your car crash.

There are plenty of costs that you may incur due to your involvement in a car crash. If you are injured so severely that you require medical care, then you’ll need to budget for this. If your injuries are so debilitating that you’re unable to work, then you’ll need to account for your lost wages. If your car is badly damaged, then you may find yourself having to rent a car. Costs associated with this can quickly mount.

If you’re working with an attorney, then the payment on some of these bills may be able to be deferred while you’re still receiving medical treatment. Your insurance may readily pay for your rental car for a short time immediately following your crash.

There are many expenses that you’re bound to have to pay along the way though. A car accident attorney in Manhattan Beach can advise you of how you might be able to secure compensation to pay for these expenses in your California case.

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