The Hidden Costs of Truck Accidents: Beyond the Immediate Damage

Every driver’s nightmare is being in large truck accidents. There is nothing on the road that can withstand that kind of accident, and you are lucky to get out of it alive. Now, you have to deal with the aftermath, including recovering your health and replacing your car. However, there are costs to your recovery that you may not be aware of. These are some of the hidden costs of truck accidents that the legal team at McIver Law Firm helps clients with every day.

Replacing Your Car Costs More Than You Think

Your car is likely damaged beyond repair, at least beyond what the insurance company is willing to pay for it. You need a new car; replacing your car costs more than you think. The insurance company will only pay the depreciated value of your car at the time of the accident, meaning they will pay you, at most, what it was worth if you sold it five minutes before it was totalled. This is never enough to buy that car again. Unless you can find the same make, model, and year car in the same cognition as yours, the payout won’t be enough to replace your car.

That means that you are going to have to buy a car that has a lower value or come up with the difference in price for a new car yourself. Most people don’t think about this expense, but it can cost you thousands of dollars to replace your car after an accident. This is also one of the reasons why accident victims sue truck drivers; the compensation can help pay for a new car.

You May Be Out of Work For a While

Truck accidents are about as serious as road accidents can be. You are lucky if you can walk away from an accident, but most people don’t. Your injuries are likely extensive and will take time to heal. That means you may be out of work for a while.

Unless you have insurance that helps cover your expenses, how are you going to pay your bills? Your savings likely went toward medical treatments, replacing your car, or other related expenses. That’s if you even have savings at all. Most people live paycheck to paycheck and cannot afford to be out of work. However, your accident injuries, lack of a new car, or similar problems can keep you from working.

If Your In Trouble, a Lawyer May Be Able to Help

All of this can be overwhelming, and the last thing that you want to think about is paying for help. However, a lawyer may be able to help you in this situation. There are things that lawyers can do to ease the financial burdens, such as negotiating better settlements with insurance companies or filing lawsuits against the truck driver to recover compensation for these hidden costs. Contact the legal team at the McIver Law Firm at (336) 727-9886, or use this contact form to get help with your truck accident.

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