Few people stopped to consider the realities of a car crash until they get into one. That could leave you in a situation where you are not adequately prepared or you make decisions that could lead to a worse outcome. Whether you have a perfect driving record or have recently experienced a crash, it is likely a good time to learn a little more about how accidents impact people.

You probably already realize that there is a risk for serious injury, as well as transportation issues that arise from needing to repair or replace your vehicle. What you probably haven't considered is how quickly an accident can go from a minor fender-bender to a major financial mishap.

Accidents often have long-lasting monetary consequences

Many people suffer injuries as a result of a car crash. Whether you sustained a concussion or broke a bone, those injuries probably mean that you need medical care. They also may result in missing a substantial amount of work. That can be particularly financially difficult, especially considering the potential for significant medical bills during this time.

After a car crash, you should focus on recovery. That often means taking time off of work to let your injuries heal. Sadly, financial stressors can leave people to head back to work before they are ready. Doing so could mean that you have a longer recovery time ahead of you and potentially worse symptoms.

Insurance won't always cover your losses

Far too many drivers don't understand how motor vehicle insurance really works. Your policy protects you from liability in the event that you caused an accident. That way, you don't have to pay for property damage or injuries that result from a collision you caused. When someone else causes a crash, their insurance will pay for your damages.

However, not everyone carries adequate insurance. There is always the risk that the person and the other vehicle does not have insurance. They could also only carry state minimum insurance, which may not cover all of your medical expenses or the cost of replacing your vehicle. Kentucky only requires $25,000 in property damage coverage and $25,000 for one injured person or $50,000 for multiple injured parties in a crash.

In situations where the other driver does not have insurance, you may have insurance coverage. However, you need to plan ahead for that possibility. Investing in a rider for uninsured and underinsured drivers is the best way to prevent financial liability in a crash caused by another driver.

Sometimes, insurance simply won't offset your losses or offers an inadequate settlement. When that happens, you need to consider the potential benefits of a personal injury lawsuit. Holding a negligent or poor driver responsible for the injuries and property damage they cause can help you financially recover after a crash.

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