How to Stop your Finances from Being Damaged After Suffering a Major Accident

Saturday, March 12, 2016, 6:00 AM | Leave Comment

The last thing that you need to worry about after a serious personal injury are your finances. Unfortunately, many people will try to take advantage of you in your weakened state. You need to be prepared. Here are a few tips that you must employ to protect your finances during this time of trouble.

  • Do Not Accept Initial Insurance Offers

    If you have suffered a serious injury at the hands of another person or business, the first thing that insurance companies will do is call you before you have a chance to speak with your lawyer. Do not accept any offer, and reject any paperwork. Insurance agents are trained to lowball you and reduce their costs by any means necessary.

  • Take Detailed Notes About the Accident as Soon as Possible

    You may not be in the mood to focus on the details of your accident, but the more that you can recall, the better your chances are of getting the restitution that you deserve. Write down everything that you can remember as soon as you can. This will help with police and court reports. Have the notes dated by a notary public before you turn in a copy to the police.

  • Get the Right Lawyer

    A great personal injury firm such as Bachus & Schanker Law, specializing in financial protection, is the missing team member that you need as soon as possible. They will be able to leverage the insurance companies to pay you what you are actually owed.

  • Do Not Commit to Long Term Medical Services

    There are many medical vultures who will try to take your money when you suffer a major accident. Rely on the advice of the doctors whom you trust. Do not make new friends. Your family practice doctor will refer you to specialists that you can trust.

  • Do Not Talk to Any Opposing Parties

    If there was another party involved in your accident, make it a point to stay away from them. You never know what they might be trying to get you to say. Remain silent until the court system and the medical professionals you trust are able to fully assess the situation on your behalf.

Even though you are down for the count, you still need to play hardball. Protecting your finances is protecting your health – without money, you have no way of continuing treatment. Follow the tips above and do what you have to do!

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