Tips For Handling Financial Issues After A Car Accident
After a car accident, medical bills and all kinds of other bills can begin piling up. Why does this happen? Well, it primarily happens because the settlement you will receive for the accident typically does not come for months or years. During this time, though, your bills will not stop. If you are struggling right now with bills related to your car accident, here are some of the ways a car accident lawyer can help you with these debts.
Collect from your own car insurance or health insurance
If you have a health insurance plan in place, it might cover some or all of the medical bills you encounter from the accident. Also, if you have auto insurance that includes personal injury protection (PIP), you could also collect from this too. PIP is something that covers medical bills from accidents, and your lawyer is likely to recommend using your PIP coverage and your health insurance coverage to pay for as many bills as possible. If these two options cover most of your medical bills, it would relieve a lot of stress from your life.
Work out an agreement with medical providers
A second option that your lawyer will use is working out agreements with your medical providers. In most cases, medical providers are more than willing to work with people when they know what is going on. If your lawyer lets your medical providers know about the accident and that you will be settling soon, they may agree to patiently wait for your settlement to come. During this time, they will not bother you for payment on the accounts; however, they might require liens. If they place a lien on your settlement, it simply means that they will be paid first when you receive the money from your settlement.
Take out a lawsuit funding loan
If these options help with your medical bills, you might not need any other relief. There are times, though, when this is not enough relief. For example, if you cannot work, you might have no income coming in at all. This would leave you in a bad financial state, as you would not be able to pay your bills. In a situation like this, you could always turn to a lawsuit funding loan for help, and your lawyer could explain this to you.
These are some of the best options you have in this situation. To learn more, talk to a local personal injury lawyer.