Financial Concerns

Settlements are supposed to help accident victims recover financially — but what if your medical bills, lost wages, and other expenses add up to more than your settlement covers? Unfortunately, this situation is more common than you might think. Here’s what it means and what you can do.

If your settlement reimburses you for medical bills related to the accident, that money is typically not taxable. The IRS views it as reimbursement for expenses, not income. Exception: If you previously deducted those medical expenses on your taxes, you may need to pay back that deduction.

Finding out the driver who hit you doesn’t have insurance can feel like a nightmare. With medical bills, car repairs, and lost wages piling up, you may wonder: “Am I just stuck paying for everything myself?” The good news is — you still have options.

You’ve finally settled your car accident claim — but now comes the big question: When will I actually get paid? The timing can vary, but...

After a car accident, the insurance company may come back with a settlement offer. It might be tempting to take it right away — after all, bills are piling up and cash sounds good. But here’s the question: Can you refuse a settlement offer? The answer is yes — and in many cases, you probably should.

After a car accident, one of the first questions people ask is: “How much is my claim worth?” The truth is, there’s no one-size-fits-all answer. Every case is different, and the value of your claim depends on several key factors — from medical bills to pain and suffering. Here’s a breakdown of what goes into determining claim value.

Car accident cases can take months — sometimes years — to resolve. In the meantime, bills pile up, paychecks may stop, and financial pressure builds. That’s where a settlement advance, also called pre-settlement funding, comes in. But what exactly is it, and is it a good idea? Let’s break it down.

When people think about accident compensation, they often focus on medical bills and lost wages. But another category — pain and suffering damages — can play a huge role in your settlement. Unlike bills you can stack on a desk, pain and suffering is harder to measure. It’s about how the accident changed your life, both physically and emotionally. Here’s how it works.

Car accidents can leave you with more than just vehicle damage — medical bills often pile up quickly. From emergency room visits to follow-up care, the costs can be overwhelming. So, who actually pays those bills? The answer depends on your state, your insurance coverage, and who’s found at fault. Here’s how it works.

A serious car accident doesn’t just leave you with medical bills — it can also take away your paycheck. If your injuries keep you from working, you may be wondering: “Can I recover lost wages?” The short answer is yes — but the process depends on your insurance, your state, and how fault is determined.