The Accident Deficit

by Staff Blogger | February 12th, 2016

There are a number of reasons why you may need a lawyer after a serious accident, but the most common is something we like to call the “Accident Deficit.” Immediately following an accident, there’s no way for you to know how much you’re ultimately going to be out of pocket once everything is said and done. You’ve got car repairs, medical expenses, and lost wages to consider, all of which you can’t accurately estimate just a few days after your wreck.

Determining the total cost of the accident can take months, but the insurance company may try to get you to settle after just a few days. Consider this scenario. One week following your accident, you get a call from the insurance company. The person on the other end is very polite and offers to pay you $3,000 for your injuries. Since you haven’t seen any medical bills yet nor missed a paycheck, $3,000 looks like a good deal, so you take it.

Fast-forward three months.

Your medical treatment was more intensive than you initially thought, totaling more than $10,000. In addition, you haven’t been able to go back to work since the accident, which amounts to several thousand dollars more in lost wages. That $3,000 settlement check is long gone and the insurance company is no longer liable for what remains.

That’s the Accident Deficit.

If you’ve been involved in a serious accident, don’t be a victim twice. Contact the Nashville car accident lawyers at Ponce Law. We’ll help protect your right to compensation and fight to get you the maximum amount possible for your injuries, so you can focus on moving forward with your life. Call for a free consultation today.