Non-Traditional Avenues For Financial Relief
Recovering from a car accident can be financially overwhelming. Many accident victims struggle with mounting medical bills, lost wages, and other financial burdens while waiting for a fair settlement, but there are avenues for financial relief that can support your recovery. Talk to an Orlando personal injury attorney to learn about ways to regain your financial stability.
Insurance Settlements and Other Options
In Florida, Personal Injury Protection (PIP) insurance is the first source of financial relief after a car accident. PIP covers up to 80% of medical expenses and 60% of lost wages up to $10,000.00 minus any applicable deductible, and this is true regardless of who was at fault.
If another driver’s negligence caused your injuries, filing a claim against their bodily injury liability coverage or pursuing a lawsuit can provide compensation, too. Yet these processes take time, and many injured individuals need alternative financial support in the meantime.
Beyond insurance claims, there are several non-traditional ways to obtain financial assistance after a car accident.
- Medical payment plans and assistance programs. Hospitals and healthcare providers often offer payment plans or financial assistance programs for accident victims. These programs allow you to receive necessary treatment without the immediate burden of large medical bills.
- Pre-settlement funding options. If you are pursuing a personal injury lawsuit, a lawsuit loan can provide financial relief while you wait for a settlement. These funds can help cover expenses, but it’s important to work with your attorney before accepting pre-settlement funding, as these loans often have high interest rates and can be legally binding regardless of the outcome of your case.
- Workers’ compensation. For on-the-job car accident injuries, such as harm sustained while working as a delivery driver, you may be eligible for workers’ compensation benefits. These benefits can cover medical expenses and a portion of lost wages, providing financial relief while you heal. Keep in mind that worker’s compensation has a right of reimbursement under Florida law and you may have to pay them back from any monetary recovery you achieve in your case.
- Community assistance programs. Various state and federal programs can help accident victims struggling with financial hardship. Social Security Disability Insurance and Supplemental Security Income may be options if your injuries prevent you from working long-term. There are local charities and community organizations that may provide emergency financial assistance for medical bills and essential living expenses as well.
Some of the Orlando-based organizations that help alleviate financial burdens include the Orange County Crisis Assistance Program, which assists residents facing emergency financial situations by helping with rent, mortgage, or utility payments. Additionally, Orlando Health offers financial assistance to patients with limited or no resources to pay for services that are emergencies or medically necessary.
Talking Through Various Forms of Compensation
An experienced Orlando personal injury attorney can guide you through the financial recovery process and help you determine your best approach for securing compensation. Legal professionals know how to talk to insurance company representatives on your behalf and explore alternative financial relief options to cover medical expenses and lost income, if needed.
Is it time for you to take on the financial challenges you have been avoiding as you’ve been healing from an accident injury? You don’t have to navigate financial struggles alone, talk to the attorneys at Israoui Law. Call 407-381-4529 for the personal attention you deserve. Always speak to an experienced accident attorney before speaking to any insurance company or request any of the financial assistance of any kind. Any decisions in this matter can severely impact your compensation from an injury case.
