What Expenses Can Be Claimed in an Auto Accident?
Going through an auto accident can be frightening, but it can also be a tough time financially. When you are in an accident, either your insurance or the other driver's insurance should pay for most of your expenses. Understanding what types of expenses can be claimed can help you get through the process.
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Medical Costs
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When you are in an auto accident, one of the most important costs to claim is the medical expenses. If you are injured at all during a wreck, you should make sure that the insurance company pays for the associated medical bills. For example, if you have to go to the hospital immediately after the wreck, the insurance company should pay for these costs. You can also get money for future medical expenses if a doctor recommends that you continue to receive treatment.
Auto Expenses
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When you wreck your car, the car insurance company can be responsible for paying to repair or replace your vehicle. If you are at fault for the wreck, you should have collision auto insurance before the insurance company will pay for the damage. If the other motorist caused the wreck, their insurance will pay for the damage. Besides paying for the damage to your car, the insurance should also pay for a rental car while you are unable to drive your vehicle.
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Lost Wages
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When you are in a serious auto accident and you are injured, you may not be able to continue working until you are healed. If this is the case, the insurance company should pay you for any loss of wages. This is based on how much money you previously made. In some cases, the insurance company may also pay you for loss of future wages. If you will no longer be able to make as much money as before, you may be entitled to an extra settlement.
Other Factors
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The insurance company may also give you some extra money to cover the pain and suffering that you have been through as a result of the wreck. This is a subjective number and can vary from one case to the next. In some cases, you can also get extra money for mental anguish. This comes from the possibility of added stress and problems for you that can be caused by the wreck. These factors can be difficult to quantify and settlements are typically based on previous similar cases.
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