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What are the financial impacts of a crash?

On Behalf of | Jul 31, 2019 | Motor Vehicle Accidents |

Ohio residents will likely suffer financial losses if involved in a crash. Unfortunately, these losses live long after the damages of a collision. At Klein & Carney, Co., we help individuals understand the long-lasting financial consequences of a devastating accident and why legal help is a good idea.
The short-term financial costs of a crash are typically the first concern when considering the financial implications. Costs may include repairing damages done to the car, medical expenses, and ambulance fees.
However, more severe crashes often raise overall expenses for a victim. Someone involved in a severe accident may be forced to get a new vehicle while incurring high medical bills and unpaid time off work. 

Long-term financial impacts usually involve your source of income. Unfortunately, recovery isn’t an overnight process for many victims. You may have to take time off of work to heal. Lost paychecks can add up quickly, especially when you are losing money because of medical expenses and car repairs. Medical costs can also soar due to necessary surgery, medication, and therapy.
If you have suffered from the emotional, physical, and financial impact of a crash, contact us immediately. Financial losses often impact accident victims, both short-term and long-term. Seeking monetary compensation right away can help you adjust to the impact a crash has on your finances.