As you seek compensation after being injured in a car accident, you will likely start with short-term costs. For instance, maybe an ambulance took you to the hospital, which cost thousands of dollars on its own. If you needed emergency treatment and spent the night in the hospital, your medical bills may be even more extensive. You may also be losing wages as you recover, at least until you can return to work.
Short-term costs are important, but they should not be your only focus. If you accept a settlement that only addresses them, you may be leaving money on the table. You also need to consider long-term costs.
Future medical needs
You may require ongoing medical care in the future, such as in-home care, physical rehabilitation or even additional surgery to address lasting injuries. These long-term medical expenses should be factored into any compensation you seek.
Lost future wages
The accident may also impact your ability to earn income in the future. If your injuries are severe and prevent you from returning to work, or if you must leave a lucrative career and take a lower-paying job, this reduced earning capacity may qualify for compensation.
Pain and suffering
You may also be able to seek compensation for the pain and suffering you endured during the crash. However, this impact can continue long-term. If you now have chronic back pain, for example, it could affect your quality of life, ability to work and ability to care for your family. Compensation may be available for how the accident has changed your life.
These are just a few examples of long-term costs to keep in mind. Be sure you understand your legal options and what steps to take.