Getting into a car accident is an unpleasant experience that can disrupt your life, traumatize your health and cause financial issues. During your recovery process, when you should be focused on healing, it seems unfair to have to worry about unexpected expenses, accident claims, and lawyers.
Receiving insurance compensation for a car accident seems like an easy and transparent process until you have to deal with it first-hand. In reality, insurance companies always try to pay out the lowest benefits while maximizing their revenues.
Settling your case and winning the compensation you truly deserve can take months or even years, depending on various factors, such as the complexity of your case, severity of your injuries and other factors.
Meanwhile, both minor and catastrophic car accidents can leave you with a massive list of issues to deal with:
- Health problems and a long recovery process.
- Skyrocketing medical bills.
- Loss of transportation.
- Inability to work and earn money.
- Stress and depression.
Recoverable Compensation for Car Accident Claims
Attorneys offer several possible options for obtaining compensation, depending on the expected amount of damage reimbursement and on how far along you are in your settlement process. It is important to accurately track all your current expenses, including medical bills, car repair costs, legal fees, and other associated expenses.
Medical expenses are often the most significant compensatory damages in a car accident case. Apart from hospital bills, medical expenses may also include:
- Various fees and consultations with healthcare specialists.
- Cost of future medical care.
- Medical equipment such as crutches, wheelchairs, in-home services, etc.
- Physical and cognitive therapy.
- Permanent disfigurement or disability.
Wrongful death caused by a car accident is a horrible event that takes away your loved ones, and gives you rights to claim compensation for the loss of companionship and income. The nature of your relationship has the biggest impact on your chances of receiving compensation.
The amount of wrongful death damages relies heavily on your living arrangements, marital status, relationship type and the overall impact of the loss. As a car accident survivor, you can claim wrongful death damages, the most common of which are:
- Bills for pre-death medical services.
- Funeral and burial costs.
- Loss of consortium, depending on your relationship and the laws of your state.
- Stress or other emotional issues of surviving family members and loved ones.
- Loss of financial contributions.
- Loss of companionship and support.
Lost Wages should also be taken into consideration. The recovery process, emotional distress, car repair issues and other negative consequences of a car accident can force you to take time off from work. Tragically, some accidents even lead to limited mobility or inability to work.
Recovery of lost wages depends on multiple factors, including:
- Your occupation.
- Latest occupation.
What Is a Lawsuit Cash Advance And How Does it Work?
Pre-Settlement cash advances, or pre-settlement funding, offer a way to receive cash before your case is settled. You don’t have to worry about searching for money to pay your most urgent bills. A cash advance can free you up to focus on your case settlement, to make sure you receive fair compensation.
Lawsuit cash advances are non-recourse, meaning that you only repay the funds if and when you win your settlement. If you lose your case, you keep the money and no repayment is required.
Auto Accident Funding from Cronus
At Cronus, we understand that most people do not have the resources to deal with the legal consequences of a car accident without help. Many people give into pressure from the insurance companies to accept a lower settlement amount than they deserve, because they cannot afford legal fees to prepare for an extended case settlement. That is why we introduced Auto Accident Funding to our menu of Cronus Capital Group services.
If you are in need of financial help during your car accident settlement, apply for lawsuit funding by phone or submit an online request at the Cronus website. It will take just a few minutes to fill out the form, and our friendly managers are always ready to help you through the application process.
Once we receive your application, we immediately process your information and make a decision about your funding eligibility. If you are approved for funding, you will receive your cash advance within 24 hours.
If you are still not sure about applying or have more questions regarding terms and conditions, we provide a free consultation. All you have to do is fill out a simple form, and we will call you to arrange a meeting.
Don’t let yourself or your loved ones struggle while you search for extra funds to pay expenses during the settlement process. Apply for legal funding services from Cronus, and relieve financial stress so you can concentrate on your health.