4 Crucial Tips to Get the Most Financial Coverage After a Car Accident
Car accidents are responsible for thousands of injuries and disabilities each year in the U.S. and around the world. If you’ve suffered from a car accident, and you’re in need of compensation due to property damage, injury, or even a loss of work, there are a few tips you’ll want to remember. The more familiar you are with the necessary steps you should take after a car accident, the easier it will be for you to get the most financial coverage possible in a timely manner.
1. File a Personal Injury Claim
If you’ve been seriously injured, disabled, or even emotionally traumatized due to an accident you’ve recently been involved in, you may have a personal injury case. Personal injury claims must be filed within two years of the accident you were involved in, with some exceptions, according to various state laws. When you’re incapable of going to work, walking, or even tending to basic everyday tasks due to the injuries you’ve sustained in a car accident, finding a lawyer can help guide you through the process of filing a personal injury claim, so long as you do so within the statute of limitations.
2. Work With the Right Legal Team
If you are found to be responsible for 20% of an accident, you will only receive 80% of the finalized settlement. For example, if you’re awarded $100,000 in damages and for compensation, you will only receive $80,000, or 80% in total. This will vary based on whether it’s determined that you’ve played any role in the accident you experienced. To better understand what type of financial coverage you qualify for after an accident, you’ll want to work with the right lawyer or law firm that specializes in car accident cases.
Working with the right legal team can make all the difference if you’re seeking a settlement or if you’ve filed a compensation claim. An experienced lawyer will also help you better understand the type of compensation or settlement package you’re likely to qualify for based on your responsibility as it pertains to the accident itself. When you have a lawyer by your side, they’ll also work as a negotiator and mediator to ensure your case is filed appropriately and on time.
3. Work With Your Insurance-Provided Mechanic
If your vehicle requires repairs, inspections, or updates to be safely driven again, working with your insurance-provided mechanic is recommended. In some cases, you may be required to work with your insurance-provided mechanic to ensure your vehicle is covered based on the damage it has sustained and the cost of the repairs or replacements you require. Your insurance-provided mechanic can also help you compare options you have when it’s time to order parts or conduct labor on your damaged or totaled vehicle.
4. Refinance Your Car Loans
Depending on your financial status, credit history, and the damage caused to your car during your accident, you may have the option to refinance your car loans. Refinancing your car loans can help alleviate the current stress you’re dealing with as you navigate the legal process of seeking compensation after a car accident. The more familiar you are with your financial options, the easier it’ll be to find a solution that works for you.
If you’re recovering after a car accident but struggling to do so due to injuries or emotional anguish, finding the right attorney and working directly with your current insurance provider is key. The right resources can assist you through the process of filing claims and seeking compensation. When you know what to expect after being involved in a car accident, you’ll likely find it much easier to find the help you require in your time of need.