Financial security is essential to everybody. We all want to live comfortably without worrying about losing our finances. A good job, business, investment, etc can help to ensure this security.
But, apart from all the planning that is under our control, life is unpredictable. Unfortunate events can still unwrap themselves when we are least prepared.
These occurrences can affect your life in one way or the other. These events include car or work accidents, medical negligence, etc. These events can result in personal injuries that can drain your hard-earned money and savings. A personal injury attorney can be your voice if you deserve compensation and wonder how to claim it.
What is Personal Injury?
A personal injury is a kind of hurt due to someone else’s wrongful actions. The hurt could be bodily or emotional harm. This may lead to an accumulation of medical bills and missing work time. You may no longer be able the enjoy life the way you once did.
To file a claim in a personal injury case, you will need strong legal representation. The effects of a personal injury differ from case to case. However, in almost all situations there is some form of financial loss. Most personal injuries are a result of car accidents or negligence in the workplace.
Occurrences That Can Affect Your Funds
An unfortunate accident followed by a personal injury or, at the worst, a catastrophic injury can exhaust you of all your funds. You might not even be the party at fault in such an incident.
This can deeply impact your financial security. Below are more details on when and how your financial security can be at risk.
1. Auto Accident Injury
This is an injury that happens as a result of a car accident. This event can affect your funds in different ways. You must pay medical bills, car or property repairs, etc. And the most important thing here is that you may not be the party at fault in such an incident. If that is the case, the US government has laws in place so that you receive fair compensation for the loss endured.
For instance, given the heavy traffic in Costa Mesa, California, the city is prone to numerous car accidents and injuries. The rate is on the rise and in most cases, innocent victims have to bear heavy medical bills and loss of employment. If you are a victim of such, you should hire a Costa Mesa car attorney to file a claim. They are lawyers who specialize in personal injury cases and the corresponding state laws.
The personal injury lawyer can guide you through the collection of evidence, police reports, medical bills, and other necessary documents to file a claim and win fair compensation.
You will need a medical record detailing the injuries sustained and insurance information. You will also need a police report about the details of the accident.
2. Product Liability
Sometimes, harm may be a result of using a product. If you sustain an injury while using a defective product, you may be able to seek compensation. If negligence on the part of the manufacturer or seller of the product has caused you an accident requiring medical attention or loss of money, you may be eligible for compensation. Hire an injury lawyer to help you file a claim in court.
Note that if the product is marked as “unavoidably dangerous,” you cannot file a claim.
3. Slip and Fall Accidents
This is when you sustain an injury on a property due to the owner’s carelessness. This could be public or private property. Slip and fall accidents can cause different levels of hurt depending on how they happen. You can get a broken arm, leg, concussion, etc from a slip and fall accident.
As a victim, you may get compensation for injuries depending on the environment’s safety. The personal injury lawyer can file a strong case if he can prove that the property was dangerous.
4. Wrongful Death
Wrongful death claims involve the death of a person due to the carelessness of someone else. For example, a person could die as a result of an accident on an unmarked construction site
Wrongful death can take away the breadwinner of a family and affect their funds in the process. If this is the case, then their family may be able to file a claim.
5. Medical Malpractice
Medical malpractice accidents involve injuries that happen due to a medical professional’s mistake. This hurt may happen because the doctor was careless, gave a wrong prescription, etc. Such accidents may hinder your life, worsen your health, or even lead to death. Depending on the intensity of the harm, you may experience a financial loss.
How Do Such Events Affect Your Funds?
1. Loss of Income
A personal injury can leave you unable to perform your work duties]. Whether it’s a broken leg or arm, or anything else, the trauma can force you to stop working. This can lead to a loss of income.
Losing your source of income will have a significant attack on your funds. This is because you no longer have an addition to your funds. Even if you have some savings, they may run out in no time due to medical expenses.
2. Medical Bills
After an accident you need to see a doctor as soon as possible. Some injuries might not seem serious immediately after the accident but will take a while to manifest. Even if you feel there’s not much to worry about, you should still seek immediate medical attention.
Depending on your injuries, the doctor will prescribe you a proper course of treatment to help you recover. This may include various therapies such as physiotherapy or counseling. All these treatments come at a cost that you or the insurance company will have to pay.
A personal injury can ruin your carefully laid financial plans and cause you to get into debt. If you lose your income it means that you might not be able to cover all your expenses. Sometimes medical bills and fixing of damages cost more than you can afford. If you miss a few payments you can go under financial strain for a long time.
4. Legal Charges
When you suffer hurt due to another person’s carelessness, you can file a claim. This claim will help you get compensation for any losses from the accidents.
To do this you will have to hire a personal injury lawyer. There may be legal fees you will have to pay to process your claim.
5. Special Care and Assistance
Some injuries may stop you from performing basic routines. That means you’ll need someone to provide care for you while recovering. Sometimes, friends and family can’t fulfill this role; you’ll have to hire someone to help you. The type of assistance you’ll need will determine the costs you’ll have to pay.
Remember to inform your injury lawyer of your paid help after the accident. This will help your case when making a claim.
Many things could suddenly go wrong in our lives. These could be accidents, death, losses, etc. These events can affect not only our lifestyle but our finances as well. If you find yourself in such situations, contact a personal injury lawyer quickly. The injury lawyer will help you get compensation for the hurt and mitigate the impact on your funds as well.