Aside from the damages done to your vehicle, a plethora of repercussions can happen after a car accident. What seems to be a minor fender bender, could end up costing you more than you think in the long run in the areas of finance, legalities, health, and economical detriments to society.
According the Population Reference Bureau, if accidents continue to be the leading cause of fatalities by injury, the consequences could lead to traffic injuries becoming a top contributor to the global financial burden problem by the year 2020. This is in part due to the age and sex of most drivers that are involved in car accidents. Male drivers between the ages of 16 and 44 are more likely to be involved in collisions more than any other age group. With severe injuries and fatalities occurring daily from car accidents, this is causing severe economic stress to families, as the breadwinners are no longer able to financially support their families.
Insurance companies also play a major factor in the consequences of car accidents. If you are found to be at fault, you run the risk of your premium increasing in price. Some insurance companies may require to purchase additional coverage, while other insurance companies may not allow you to renew your policy when it expires. In addition, your insurance company may outright cancel your policy.
Your health may also suffer. Perhaps you feel fine after a collision, but weeks, months, and even years later, you could suffer neck pain, back injuries, and other sufferings that could potentially require lifelong treatment. Additionally, a recent study done Britain claims that a third of all individuals that are involved in non-fatal vehicle accidents go on to suffer from debilitating mental anguish such as posttraumatic stress disorder, depression, anxiety, and more.
Finally, the legal aspects of car accidents place an unfortunate burden on those who are fault through loss of time and finances. In addition, extreme cases could result in jail time and the loss of driving privileges. Court fees, and funds due to the loss of a claim can severely impact your financial situation.
If you’ve been involved in a situation where you health has suffered, if you feel you have been wrongfully accused of an accident, or if you need any advice in regards to your car accident, consider hiring a car accident attorney that’s experienced in handling vehicle crashes and accidents.