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Financial Consequences of a South Carolina Car Accident

February 17, 2017

 

A car accident can change your life. The impact itself can cause life changing injuries and instill a permanent fear of driving in a motor vehicle. While the initial impact can have clear consequences, many drivers are unaware of the long term financial consequences that can be associated with a car accident. Below are some examples that can arise out of a car accident that could impact your financial future.

 

Medical Bills

 

Perhaps the largest expense that can arise out of car accidents is unanticipated medical fees. Even if you feel as though you have received no injury at the scene of an accident, long term symptoms can later appear. Muscle pain, stiffness and soreness can actually end up being serious long term injuries. What many drivers fail to realize is that medical costs in a car accident travel far beyond emergency transport and emergency care. Long term care costs, physical therapy sessions and lifetime prescriptions for certain medicines can all add to your medical costs.

 

Loss of Earnings

 

In personal injury actions in South Carolina, an injured driver is allowed to recover some value for work they may have missed because of a car accident as part of their damages against an at fault driver. What many drivers do not realize is that a car accident can cause days, weeks, or even months of unemployment. The cost of not being able to attend your job and make a living can be tremendous and have a significant impact on you and your family.

 

Insurance Fees

 

Unfortunately, in addition to lost earnings and unforeseen medical expenses, a potential consequence of a car accident is that your insurance rates may increase. One study indicated that a driver’s insurance premium increased by nearly 50% after filing a claim for one accident. Even if you are not at fault in an accident, a rise in your insurance prices may come as a shock, and it may be one that you are financially unprepared to cover.

 

Legal Fees

 

If you choose to hire a lawyer for your car accident, costs can add up quickly. Fees for interviews, filings in court, court appearances and documents can add up quickly. At Surasky Law, we work on contingency fee basis, which means you will only have to pay for your legal expenses if you are successful in a recovery against an at fault driver or against an insurance company. We work hard to keep your costs low and help you get the compensation you deserve.

 

Have You Been Injured in a Car Accident?

 

If you or a family member has been injured in an accident in Aiken, South Carolina or surrounding area, then it is important that you act quickly in contacting an experienced personal injury attorney. The lawyers at Surasky Law have experience in explaining and resolving the financial consequences that can arise out of a car accident.

 

Contact our firm today for a free consultation on your case.

 

 

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