Medical Costs Associated With Car Accidents

Jun 28, 2016 by

There are many expenses that are associated with car accidents. Although nothing can replace the life of a person, hospital bills can prove to be expensive especially if you do not have any health insurance. According to the website of Madison, WI car accident attorneys, medical expenses can pile up which makes having car insurance all the more important. The average cost of related medical care is dependent to each situation.

The highest price we pay in a car accident is the loss of human lives. According to the National Highway Safety Administration (NHTSA), car accidents cost the United States nearly $1 trillion in 2010 as a result of lost wages and death. The bulk of payment falls on the shoulders of the insurance carriers which pays approximately 50% of all motor vehicle accident expenses. A study conducted by Insurance Information Association revealed that the average claim for bodily injury was $15,443.

So what are the common medical expenses that you can incur after involvement in a car accident? The expenses may include ambulance, emergency department visits, diagnostic tests, medications, specialists, and others.

In addition, there are some insurance companies that offer personal injury protection (PIP) to shoulder any medical expense associated with the accident. However, not all policies will include PIP and if included, it may not be enough to pay for all your medical bills.

For severe injuries, the NHTSA reports that the mean medical expense after the accident is $503,638. A spinal cord injury, for example, could range between $992,867 from 2008 and 2010. Mild or severe traumatic brain injury could cost around $3,977 and $408,684, respectively.

Given the staggering medical expenses that you can incur after an accident, not having car insurance can put you in a deep financial hole. The cost can only get higher if you were deemed at-fault and the other driver was severely injured.

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Car Insurance: A Basic Driving Requirement in the US

Feb 5, 2016 by

From 1981 to 2007, the average annual rate of fatal car accidents was 44,000; from 2008 to 2015 the number went down to 33,000. All those directly concerned with traffic safety are obviously working doubly hard in implementing road safety rules. The National Highway Traffic Safety Administration (NHTSA), particularly, as well as other governmental organizations enact and strictly implement laws which will help ensure the smooth and safe flow of traffic and make vehicles more crashworthy. Some car manufacturers also do their share by continuously conducting researches that will make cars safer, besides equipping their modern vehicles with safety devices.

More than 30,000 deaths every year, however, is still a very big number, especially with the fact that majority of car crashes can be prevented as these are simply results of negligence or human error. It is due to this carelessness (and, sometimes, recklessness), which puts lives and properties in danger, that states require drivers to carry auto liability insurance or some form of proof of financial capability to compensate anyone who they may hurt or whose property they may damage in case an accident occurs due to their error.

Whether you intend to drive a car, a truck or a motorcycle, carrying auto liability insurance is a basic requirement in driving. Now, is this requirement reasonable? Well, on the practical side, if you get involved in an accident which is also your fault, carrying insurance can cover the cost of compensation that need to be paid to your victim. On the legal aspect, besides being one of the requirements when you renew your vehicle registration, carrying car insurance is also required by the law; thus, if you get caught without one, then the results can be much more costly, like getting your driver’s license suspended (this requires payment of fees when you request for reinstatement of your license) or you can eventually lose your driving privileges; you can also be required by the court to carry an SR-22 filing.

According to Franklin, WI car accident lawyers, an SR-22, often referred to as “certificate of insurance,” is actually just a certification that your car insurance provider will need to submit to your state’s Department of Motor Vehicles (DMV) to prove that you already have coverage. An SR-22 usually lasts for three years (some five years depending on the type of traffic violation committed); it also causes a little amount to be added to your insurance premium, making your premium a bit more expensive than the regular amount.

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