What Is The Average Cost For A Severe Injury In A Collision?
Since the beginning of time, humans have been looking for ways to avoid the risk of harm and death. Throughout time, we have evolved to become more and more ingenious with the way we drive and travel. As technology and society advanced, we began to develop safety technologies and upgrades to our cars and highways. Today we have airbags, safety features, and more! But despite these safety features, we still have an alarming number of accidents.
Collision is the most common way that drivers are injured on our roads each year, accounting for around one in three accidents. The average cost for a severe injury in a collision is estimated to be around $100,000. That's an eye-watering sum of money, but it's important to remember that this is only the average cost. Depending on the severity of the injury, many people will need to look elsewhere to fund their recovery.
Collisions can happen anywhere, anytime. While many people spend their days behind the wheel of a car, truck, or motorcycle, they may not realize that their car can collide with another car, pedestrian, or animal at some point. Many of these collisions are not the result of intentional behavior, but some are. Police reports can list the various factors that caused the collision, but some accidents are simply unavoidable.
What is the average cost for a severe injury in a collision?
It's unfortunate that the cost of a catastrophic injury will vary depending on the severity of the injury. The cost for a mild injury can range from $1,000 to $50,000, while a severe injury may cost you upwards of $1,000,000. In the United States, the average cost for a severe injury in a collision is reported to be $16,063, whereas the average cost for a serious injury in a collision is reported to be $73,128. The cost can be as much as double or triple that depending on the extent of the injuries and the specific circumstances surrounding the accident.
If you are involved in a motor vehicle collision, you will be taken to the hospital for evaluation. You will likely receive treatment for your injuries during that evaluation, including painkillers, antibiotics, and surgical procedures. If your injuries are severe, you may be admitted to the trauma unit of the hospital.
The cost of a severe injury in a collision is typically calculated as a percentage of the total negligent driver's insurance policy limits. This is an important calculation because the "total at-fault driver" is what's getting sued. You can think of the "at-fault driver" as the ultimate source of the settlement. For example, suppose a person is sued, and they have $1 million in personal injury protection (PIP) and $1 million in bodily injury liability insurance. They were $500,000 at-fault, then the percentage of the settlement they will receive will be $1,500,000/ $1,000,000 = 75% (or $1,250,000).
A severe injury in a collision is a condition that occurs when one or more parts of the body sustain damage that is severe enough to require medical treatment. It's usually caused by physical force, but it can also arise from an explosion, injury due to a high-speed motorcycle accident, or exposure to toxic substances.
What should you do if you get too involved in a severe injury in a collision?
If you've ever been involved in a collision that was not your fault, then it's likely that you've had to deal with the aftermath. The car may have been totaled, you may have had extensive injuries, or you may have had to deal with financial issues due to medical bills.
Drivers are bound by the rules of the road, even if they are not always aware of them. The rules are important not only for drivers but also for passengers. Any time you are involved in an accident, it is important to remain calm. You need to make sure that you are not doing any damage to yourself by moving limbs or limbs that are not supposed to be moved. When the accident is serious enough that there is a possibility of further injuries, it is best to contact the best motorcycle accident attorneys in St Louis MO to help you through this time.