If you have been impacted by a personal injury, it’s likely that you have many medical expenses to manage. It can be a hardship to cover medical expenses while waiting for your settlement from the insurance company. Luckily, there are a few ways that you can manage your medical expense while you await for your claim to be settled.
Personal Injury Attorney
Start with locating an attorney that is qualified, and can help you in both protecting your interests and getting compensated quickly. It is common practice for an attorney to meet with at no cost. This is because their payment is contingent upon getting you the settlement you are owed. It is important that you arrive at your initial consultation with your attorney prepared with all documents and evidence needed in order for them to accurately assess your case i.e. witness statements, photos etc.
Seeking Out a Specialized Loan
If your case is secure enough, it may be an option to file for a loan to help shoulder medical expenses while you await your settlement. One type of loan is called a Lawsuit Loan. You are more likely to be approved by the lender for a Lawsuit Loan if you have your attorney speak to the lender regarding the legitimacy of your case. Peer-to-Peer Loans are another way to receive relief from your bills. Sharing your story online on peer-to-peer lending sites can builds empathy with people who may feel inspired to contribute money. People may be willing to help by donating money to your cause, especially if they are learning that your injury was the result of an accident.
As difficult as it may sound, selling your personal belongings can help you to get the money you need quickly. Especially in the event that you need to pay expenses before receiving your settlement. Having a garage sale and selling things online can help to to quickly raise the money you need. This can be especially beneficial if the items you sell are belongings you no longer need like:
Another alternative is to file a disability claim. This can be a useful resource if your recovery process will be a lengthy one. The documentation needed to file a disability claim can be given to you by your doctor. The benefit of disability could increase even more in the event that it is anticipated to take more than a year for you to recover from the injury.
Out of Court Settlements
Personal Injury Claims can often take a long time to settle if it goes to trial. Settling with the insurance company outside of court may be the best option for you. Your personal injury attorney can provide experienced consultation around whether or not an out of court settlement is the right thing for you. Settling out of court will give you access to money much quicker than enduring a lengthy court process.
Thanks to authors at Martin Wren, P.C. for their insight into Personal Injury Law.