The Hidden Costs of Personal Injury: Beyond Medical Expenses

Physical therapist massaging a middle age caucasian woman on feet after a sport injury

30 Oct

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Good to Know

Personal injuries can profoundly and permanently impact an individual's life, with “unexpected financial responsibilities [having] the potential to throw a lengthy shadow, affecting one's life both emotionally and financially,” according to Disability Help. While medical expenses are often the most visible and immediate costs associated with such injuries, numerous hidden costs can significantly affect a person's financial, emotional, and social well-being. This blog will explore the hidden costs of personal injury that extend beyond medical bills.

Loss of Income

One of the most substantial hidden costs of personal injury is the loss of income. “Sustaining an injury often leads to missed work, reduced earning capacity, or permanent disability. It is essential to consider the loss of income and future career prospects,” Disability Help notes. When an individual cannot work due to their injury, they miss out on their regular paychecks and face the uncertainty of their financial future. This loss of income could lead to financial stress, strained relationships, and difficulty meeting everyday expenses.

Transportation Expenses

Personal injuries can make it difficult for individuals to drive or use public transportation, leading to increased transportation expenses. Whether hiring a caregiver to provide transportation or relying on expensive rideshares, these costs can quickly accumulate. Investopedia states that according to average ride costs, Uber typically goes for $20, whereas Lyft can cost $27.

It’s important to record all bills, including transportation expenses, to document evidence for these types of hidden costs that are crucial to ensuring you receive a fair amount of compensation for your injury.

Emotional and Psychological Costs

The emotional and psychological toll of a personal injury should not be underestimated. Many individuals experience anxiety, depression, and other mental health issues, like post-traumatic stress disorder (PTSD), following an injury. The cost of therapy and medication to address these issues can be substantial and lead to decreased productivity and quality of life. Seeking compensation for your anguish and other therapy-related expenses may be necessary.

To avoid having to pay for hidden costs, there are policies through insurance companies that can give drivers extra coverage. MedPay, a medical payments coverage, is an add-on to your auto policy that helps cover “reasonable” medical expenses for injuries.

MedPay May Cover:

Medical payments (including deductibles and co-pays)
Doctor and hospital visits
Dental treatment Ambulance transportation
X-rays
Surgery
Chiropractic treatment
Some medical equipment, like prosthetics
Funeral expenses

Additional coverage on your automobile insurance policy that is vitally important is UM coverage. UM coverage stands for uninsured or underinsured motorist coverage. This is policy coverage that kicks in when the person that caused the accident has either no or inadequate bodily injury coverage. UM is what protects you and so it should be added to your policy immediately.

Above all, it's essential to remember that the hidden costs of personal injury do not define the trajectory of one’s life. By actively engaging in informed decisions, seeking available resources, and pursuing a solid support system, individuals who suffer from personal injury can traverse the rocky terrain of unexpected expenses and emotional struggles. Take control today. Connect with us at Carrillo Injury Law, where your journey to recovery will be met with sound legal advice and heartfelt support. Your well-being is our #1 priority.