Auto accident injury costs the American economy hundreds of billions of dollars a year, much of that in direct compensation for medical expenses, lost wages, property damage and decreased household productivity.
According to a recent study, these compensation costs have an impact on society as a whole because they raise insurance premiums and take money away from other medical requirements like basic public health requirements, disease prevention and control, and medical research. The Centers for Disease Control and Prevention estimate that traffic accident deaths in Florida cost more than $4 billion a year.
Auto Accident Injuries Hurt Everyone
Costs associated with car accident injuries include not only direct medical expenses but also lost productivity caused by injuries and long-term effects like a loss of quality of life for the accident victim and related caregivers. According to a recent study by the National Highway Traffic Safety Administration, the victim’s friends and family also suffer greatly psychologically as a result of an auto accident injury. Others in the family may find caring for an injured family member to be extremely taxing, which could lead to financial hardship and emotional strain on all parties.
The victim’s emotional struggles may have an impact on other family members as well as the harmony of the family, changing the very nature of their family life. When a crash results in death, the emotional damage is even more severe, lasting for years and occasionally resulting in the dissolution of previously stable family structures.
Auto Accident Injury Expenses and Settlements
While a common auto accident injury like whiplash or bruising can be expensive, more severe injuries to the head, neck and back can be financially devastating. Victims stand a better chance of a fair settlement from insurance companies if they have a good car accident lawyer. Victims of negligence or carelessness may be entitled to recover losses from medical expenses, property damage, and pain and suffering. The best way to learn about your rights as an accident victim is to take advantage of the free consultation that most personal injury law firms offer.
A personal injury lawyer can tell you what damages you may be able to recover after an accident. The Orlando car accident attorneys at the Martinez Manglardi personal injury law firm have been winning settlements for Florida auto accident victims for 35 years. You can get a free consultation by calling 866-730-4812 or visiting one of our convenient Central Florida locations.
Slow Down. Speeding is a Leading Cause of Auto Accident Injury and Death.