If you’ve ever watched financial planners like Suzie Orman on TV, you know that most of them recommend keeping at least six month worth of living expenses in savings.
The thought is that with this kind of cushion, you’ll be able to weather just about any storm that comes your way. While that’s a great idea on paper, actually saving that much is pretty tough for most families. That’s why an accident injury that leaves you unable to work is such a devastating event for most working people, even those with disability insurance.
An unfortunate fact of modern life is that you won’t have to sit in the hospital very long before your financial life falls off the cliff. That disability insurance you purchased through your work may take a few weeks to kick in and even then, it won’t replace your income.
And if you’re thinking that your creditors are going to be willing to work with you in this situation, guess again. Credit card and mortgage companies aren’t interested in hearing about your injuries, they want their pound of flesh and they want it now. This is why every accident injury victim needs to hire the services of a qualified attorney as soon as quickly as you can. The longer you wait, the worse your financial situation will be.
Personal injury laws are a complicated business and their nothing you want to take on yourself. The insurance companies know this and will be very eager to strike a deal with you before you’ve secured proper legal representation. These big corporations know exactly what they’re doing and will make every effort to make certain you get as small a settlement as possible.
But that’s not how they treat accident injury victims who come to the table with proper legal representation.
When a well-qualified attorney from a firm that practices strictly personal injury law is in the mix, the suits from the insurance companies whistle a very different tune. They know they won’t be able to pull any tricks and will negotiate in good faith. That’s about the only way an accident injury victim can hope to salvage their finances from the wreckage of an accident.
It’s easy to judge people who have been in accidents as money chasers, but the truth of the matter is that they’re people just like you and me. Unless you’ve got unlimited financial resources, you’ll want an attorney on your side after an accident.