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Can car accident victims recover compensation for lost earnings?

On Behalf of | Apr 20, 2022 | Car Accidents

A serious motor vehicle collision often results in catastrophic injuries that might take weeks, months or years to fully heal. A victim might require surgery, an extended hospital stay, expensive prescription medication or lengthy physical therapy to cope with devastating injuries. Unfortunately, due the skyrocketing costs of health care, these necessities could quickly lead to financial peril.

Fortunately, victims of serious personal injuries are entitled to seek monetary compensation based on numerous factors, including:

  • Lost wages: While an individual might initially consider simply taking time off work for doctor’s appointments, the situation can quickly spiral out of control. What if the injury makes it nearly impossible to complete job duties until fully healed? A worker required to be on their feet all day, for example, could be hindered by a knee or back injury. What if the worker runs out of personal time off? Lost earnings can become a crucial factor in an individual’s financial stability. Fortunately, injured individuals can seek monetary compensation for lost wages through a personal injury claim.
  • Medical bills: Even a seemingly minor injury could require numerous diagnostic tests and visits to various medical facilities. Unfortunately, these bills can quickly add up to tens of thousands of dollars. While healing from the injury, an individual could quickly become overwhelmed by the medical debt associated with their treatment.
  • Property damage: After a collision, damage can range from cosmetic issues to problems that could impact the safety and performance of the vehicle. For many people, their vehicle represents their only option for transportation to work, school or necessary errands. Repairs to the vehicle could quickly range into the thousands of dollars while individuals struggle to complete necessary tasks.
  • Pain and suffering: While medical bills are tied to the actual cost of the injuries, pain and suffering generally relates to the emotional toll the injuries might take. From lost opportunities to missing the chance to hold their child, an individual suffering from a serious injury must often make compromises in their lives that have a mental, emotional cost.

While every personal injury claim is different and each motor vehicle collision is unique, individuals can still seek various combinations of compensation. From a single serious injury and a worsening condition to any home accommodations that might be necessary given new challenges to mobility, injured vehicle occupants must explore the possibility of monetary compensation through the legal process.

Medical debt can quickly become overwhelming – draining a savings account and eradicating any type of credit card emergency fund. Adding lost wages and vehicle damage to the equation can quickly mean financial devastation.