A Look at the Basic Expenses You Will Face When Involved in an Accident
A car accident can lead to very many expenses you had not planned for and unfortunately some of these expenses are unavoidable. Car accidents can not only be physically debilitating but the financial burden could be something you may never be prepared for in a lifetime. Worse of all is when you dont have adequate car insurance to cover the damages, or worse is when you are at fault of the accident. It is because of this and other reasons that you must ensure you choose the right car insurance that covers for such eventualities. This way, you will have the peace of mind that comes with knowing a significant part of the financial burden will be handled by the insurance company. Here is a list of potential costs that you can expect if you get involved in an auto accident.
To get you started on these costs is the obvious car replacement and car damage costs and obviously car replacement could be very costly. Keep in mind the following factors that determine how the insurance companies will handle the car repair and replacement process. These include whether or not both parties have valid insurance; the type of insurance, the age of the car and of course whoever was at fault in the accident. If you were not responsible for the accident and if both parties have valid insurance, you can breathe easy as the entire financial burden will not be laid on your shoulders. This, does not, however, exempt you from paying the agreed-upon deductible when you were applying for the car insurance.
But then again you need to figure out the costs that will come with getting an alternative means of transport as you wait for your car to be fixed. How about you borrow a car from your friend, carpool, use public transport or look for a spare car to use as you wait for yours to be ready. Of course, car rentals may be too expensive and may not be a sustainable solution in the long run. You must also be aware of the medical expenses that are almost always inevitable in any car accident case. Owe unto you if you dont have enough medical insurance coverage and you are faced with severe injuries or sometimes even death. At least some reputable car insurance companies often extend significant amounts towards auto accident medical expenses. Take the time to visit the Julie Johnson Law website to know more about what the average cost of most accident-related injuries. Certainly, you dont expect the average insurance company to cater for your massage therapy, chiropractic care or physical therapy appointments after an injury, now do you?