You can feel the impact of a car accident for years after it takes place. From chronic injuries to ever-growing bills, you may pay all kinds of unexpected prices. And while help covering the costs may be coming, you may have to do the heavy lifting until it arrives.
Disabling car accidents can cost around $1.1 million. Even with less severe or possible injuries, you’re still looking at averages in the hundreds of thousands. When calculating the price of a wreck, you need to take in factors ranging from medical costs to property damage, as well as ongoing therapy and permanent disabilities. And while those numbers keep growing higher, you may have to look to insurers to keep things going while you wait on a claim.
State mandates
Your insurance coverage may start things off, but how much they offer will change with your coverage. The minimum amount that Massachusetts requires is only $8,000, and you could eat those benefits up in one emergency trip to the hospital. After that, you’ll still need to find a way to pay for your care.
The other driver, if responsible for the accident, may have to pay a chunk of your damages. The insurance company could provide a decent sum, but it depends on the amount of damage and type of coverage in play. When the other party doesn’t have insurance, you might have to head back to your insurer to tap into your uninsured motorist coverage.
After insurance
Beyond insurance, it will often be up to the driver to pay the difference between what insurance covers and what the actual cost of your damages turns out to be. But this isn’t likely going to be an ongoing payment, rather one of reimbursement. That means you’ll have to foot the bill on your own before pursuing a claim to have the other driver pay their fair share.
Knowing where you can get help covering costs while you wait for grander claims to come through can be difficult. It’s important to understand what your options are, and you may find a way to get the care you need in the meantime.
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