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The Financial Costs of Kansas City Car Accidents

The most significant costs of car accidents are the physical pain and emotional suffering that follow an accident injury. Your Kansas City personal injury attorney knows that your physical and mental recoveries are the most important, but that doesn’t mean that the financial costs you suffered are insignificant or unworthy of recovery.

According to AAA, car accidents cost about $300 billion each year in the United States.* Each fatality is estimated to cost about $6 million and each injury averages a cost of $126,000.Those numbers are staggering. Below, we’ll take a look at how they break down.

Identifying the Financial Costs of a Kansas City Car Accident

Some of the financial costs of accidents which an accident victim, or his or her survivors may incur include:

• Medical expenses. Emergency care, follow up appointments and rehabilitation services can all be expensive and may not all be covered by insurance.
• Property damage. The damage to your car, and any other personal or real property that was involved in the accident, may cause you to incur a financial loss.
• Lost earnings. The amount of money that you lose if unable to work because of your injury or that is no longer part of your household income due to a loved one’s death can be significant.
• Emergency services. Emergency services, such as an ambulance to the hospital, can be expensive.

The AAA study looked not only at the victim of the accident, however, but to all parties who may incur financial losses from an accident. Accordingly, the AAA figures included the costs associated with traffic delays and legal fees of all parties.

Our Kansas City Car Accident Lawyers Believe That Your Financial Losses are Worthy of Recovery

If you have been the victim of a car accident then you should not have to bear the financial consequences of the crash along with the physical and emotional consequences. Our Kansas City auto accident attorneys will fight hard for your just recovery.

To learn more about how a Kansas City personal injury attorney may help you, please call our law firm today at (816) 471- 5111 or toll free at (888) 348-2616. Additionally, we encourage you to download a free copy of our book: 10 Essential Steps You Must Take to Protect Your Injury Claim to learn more about what to do after an accident.

*Source: Consumerreports.org, Study: Car Crashes Three Times More Costly Than Congestion, November 3, 2011

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