A car accident can wreak havoc on an individual in numerous ways. If you were involved in a collision that caused you to suffer serious injuries, you are likely facing various emotional and/or financial challenges following such a disastrous event. Perhaps you find yourself in need of financial assistance to overcome your current predicament, and you may be wondering what options are available.
Insurance claims often provide financial aid to accident victims. Unfortunately, not everyone carries insurance, and others may only carry the base amount. Since it is impossible to predict what type of coverage other drivers carry, you may need to explore other avenues in advance that can provide the coverage you require in your time of need.
What other types of coverage are available?
If the other party caused your collision, his or her insurance may be insufficient to cover your expenses. If you wish to avoid significant financial losses in a potential situation over which you may have no control, you could consider additional coverage options for your own plan, such as:
- UMI: Uninsured Motorist insurance is a good option for individuals who wish to avoid a potential financial disaster. If the other driver is at fault in your collision, and he or she doesn't have insurance, this plan can cover certain expenses such as medical costs and lost wages.
- UIM: Perhaps the party at fault has insurance, but his or her plan only covers part of your financial losses. Underinsured Motorist insurance will effectively make up the difference between what the other insurance company covers and the amount to which you're entitled.
- UMPD: Uninsured Motorist Property Damage insurance covers property damage, such as collision repair and, in some cases, damage to personal assets.
These plans are in place to help individuals avoid the possibility of suffering financial losses following a car accident. However, simply carrying extra coverage may not solve your problems entirely. Serious injuries often include extensive medical bills, and you may need assistance in fighting to obtain full compensation from the insurance company.
Assistance in obtaining full financial compensation
Suffering serious injuries in a collision can create various hardships for a person, and often includes a lengthy period of recovery and rehabilitation. If your injuries force you to take a temporary leave from work, you may get behind on monthly bills. When you add your medical expenses to the equation, you will likely begin to feel somewhat overwhelmed. The insurance company may offer you a quick settlement, which at first could seem enticing, but it might not come close to covering the full amount of your expenses.
Haggling with your insurance company over coverage amounts can be extremely stressful and daunting. Since this is can often be a challenging battle to navigate alone, consulting with an attorney for assistance in the process could prove invaluable to your cause. An experienced personal injury attorney can thoroughly evaluate all of the details of your accident, along with your financial needs in relation to the collision, and help you pursue the full amount of compensation to which you're entitled to receive.