The expenses that go along with vehicular accidents is enormous. And while a lot of people don’t know this, taxpayers actually foot the bill on many auto repair costs that is incurred by vehicles belonging to the city, county, and state. After many years of service within the several practice areas of law, it has become easier to see which expenses are the most major even in the most minor of wrecks. Let’s take a quick look at the four major costs that can be endured in a minor wreck.
Peace of Mind
Sometimes, what you lose in a wreck does not have a monetary value, such as your peace of mind. When your family is accustom to having a vehicle, or perhaps even more than one at any given time, and one of them is damaged in a wreck, this can become very stressful. Not only are you stressing about replacing the car or truck, but in the meantime you are having to get your entire family to wherever it is that they need to go with one less vehicle. From having to get up earlier to picking up the kids late from school, your peace of mind is likely to go out the window until you can afford a vehicle replacement.
Loss of Life
The year 2016 brought about one of the worst years in regards to lives loss from vehicular accidents. There were nearly 40,000 vehicular deaths in 2016, which was a six percent rise from the year 2015 and a 14 percent rise from 2014.
Repairing and/or replacing damaged vehicles can be quite costly, especially when one of the cars involved does not have insurance on it. What is even more costly is the associated medical bills that are often incurred. And what is sad is that a large number of people drive around with no insurance on their cars and trucks, meaning if medical expenses need to be covered, there is no insurance to cover it.
Loss of Insurance
After you are involved in so many accidents or incur so many traffic violations, you will likely be unable to acquire insurance. And even if you are able, the premium rates are going to be outrageous. This is why so many people drive around with no insurance at all — it’s not that they don’t want to purchase it, it’s just that they don’t have the money to afford it.
To learn about receiving proper compensation for your wreck, contact a qualified personal injury attorney today.