Avoiding Financial Ruin When You’re at Fault in an Accident

Telare Law

Personal Injury Lawyer

The aftermath of a car accident can be a very stressful experience. With insurance companies to contact and police reports to file, while simultaneously dealing with possible physical injuries and the loss of your vehicle, it is easy to be overwhelmed by the process. To add insult to injury, if you are at fault for the accident, it can end up costing you thousands of dollars.

If you’re at fault in a car accident, it’s important to know what to do next. From dealing with the insurance company to hiring a personal injury lawyer from John K. Zaid & Associates, there are many steps you need to take to protect yourself and your finances. Here is an overview of what you need to do after an accident when you’re at fault.

Filing Insurance Claims 

Often, the first step to take after an accident has occurred and the dust has settled is to file an insurance claim. If you are found to be at fault for the accident, unfortunately, you will be financially responsible for any damages caused as a result. These can include, but are not limited to: 

  • Vehicle damages
  • Personal injuries
  • Doctor and hospital bills 
  • Loss of income while recovering

Knowing that your insurance company may cover expenses for both yourself and the other party involved is one of the reasons you pay for auto insurance. Going without auto insurance is illegal in many states and most banks require proof of insurance on most auto loans. This is for good reason, as most people would not be able to cover large expenses like this without the help of their insurance company. 

Having the expenses covered for both parties could take a big burden off your shoulders. Checking your insurance payout amounts and adjusting accordingly can help you avoid the risk of having to pay out of pocket for these expenses.

Going Over Your Maximum Insurance Payout

In serious accidents, where the damage to vehicles and/or properties is extensive, you could find yourself in a situation where your insurance company has paid out the entire benefit but has not covered the full amount. If the remaining cost is immense, it can affect you financially for many years down the road. In this kind of situation, every dollar counts, and hiring a lawyer who is familiar with this type of case can save you quite a bit in the long run.

If you are being told you are at fault in an accident, you have options. It is wise to consult a professional lawyer who has been trained in and has experience in the field. Finding one near you is not difficult and many will listen to your case for free initially. Do your research and hire a personal injury lawyer before agreeing to pay on the non-covered expenses for years to come.

Hiring a personal injury lawyer from John K. Zaid & Associates is the best way to ensure that your claim is handled fairly and that you receive the compensation you deserve.