Sunday, March 20, 2016

5 Financial Programs to Investigate after Receiving an Injury

Sometimes life can take unexpected turns. If you are injured in an accident, you feel like your life has been turned upside down with no end in sight. Bills just keep piling up, and you do not know where to turn. Fortunately, there are financial options to pursue if you need help after receiving an injury.

Disability Insurance


Private insurance companies offer this type of insurance if you cannot work because of an injury. After you have been injured, you file a claim. If approved, the insurance company will pay what you would have received at your workplace. You must be able to prove that you can no longer work.

Social Security Benefits


If you are injured at work and cannot work because of your injury, social security disability insurance is available. You will be required to take a physical exam and fill out numerous forms of paperwork to be accepted, but you could be able to obtain social security benefits.


Find a Lawyer


If you have been seriously injured, you need to hire an experienced personal injury lawyer. Attorneys can help relieve your anxiety and file any claims that need to be filed. 

They will look at your situation and tell you the best course of action. Professionals, like those at Tarkowsky & Piper Co., L.P.A., use many resources for each case. Utilizing any available resources in such a situation is paramount to success. 

Most personal injury attorneys do not ask for a fee unless your case is won. They will give you advice on how to proceed and whether or not they can help you with your case.

Workers Compensation


If you have been injured at work, you should qualify for worker’s compensation. This can help you pay for medical bills, and it can provide you with income if you cannot work because of your injury. It will give you financial relief while you are recovering.

Obtain a Loan


If pills are just adding up, you might look into the option of obtaining a home equity loan. You can use the equity in your home to take money out. This is a last option if you still need money after pursuing the other options. 


However, this can be risky because if you cannot pay, your home is collateral. Therefore, make sure you can make the payments. This is only a temporary solution.

Suffering an injury can be a very stressful time in your life. However, there are things you can do to help you keep your head above water financially. This will then give you time to heal and get back on track.

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