How to Pay Bills After an Accident

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In the moments following an accident, you may feel lucky to be alive. However, after getting over the initial shock, you realize that it may be months or years before you fully recovery from your injuries. How are you going to be able to pay your bills and cover other expenses while you are out of work?

You May Be Entitled to Compensation for Your Injuries

If you have been hurt through no fault of your own, it may be possible to get compensation for medical bills and related expenses. This may cover the cost of any surgeries that you have to undergo, medicines that you have to take to control symptoms of your injuries and physical therapy needed to regain movement.

The person or entity responsible for your pain and suffering may also be required to pay to have your home or vehicle modified to accommodate your physical condition. Have a peek at these guys and their website to learn more about compensation in a personal injury case.

What About Lost Wages or Future Earnings?

The person or entity responsible for causing the accident that led to your injuries may be liable for your lost wages or future earnings. Lost wages are actual damages incurred because you were unable to work while recovering from a car crash or an accident involving a defective product.

Lost future earnings are based on what you would have made had you been able to work. This is generally a more subjective figure and is based on the likelihood that you would have gotten promoted after several years in your field or gotten a raise at some point. The amount of your award for lost future earnings may also be based on your level of education at the time of your accident.

How Do You Pay Your Bills Due Today?

If you are like most people, you likely have credit card balances, a rent or mortgage payment and an auto loan to pay off. Your creditors may be sympathetic to your situation, and as a result, they may be willing to take partial payments until your case is settled in your favor. Creditors may also accept a lump sum today to settle any balance owed. It is also possible that any company that you owe money to will simply delay the due date of your next payment until your case has been resolved.

Will My Doctor Wait to Demand Payment for Services Rendered?

Your doctor may wait until after your case has been resolved to demand payment for services rendered. In most cases, your attorney will reach an agreement to withhold a portion of any settlement or jury award in escrow to pay medical costs. Other health care providers may agree to similar arrangements.

If you have been hurt in an accident, don’t worry about how you will pay your medical costs and other bills. Instead, talk to an attorney and focus on recovering from your injuries. While the legal process may take time to play out, the party responsible for hurting you will ultimately pay for their actions.