Home | Blog
 
Brain Injury Caused by semi-truck
$3,190,852.40 Jury verdict for a young child who suffered a traumatic brain injury in an accident caused by a semi truck pulling out onto the highway
without warning.

Motorcycle Accidents :: Reckless Driving :: Read More
Broken Leg caused by motorcycle accident

$50,000 for injuries including a broken leg in a motorcycle accident caused by another motorist.

Motorcycle Accidents :: Reckless Driving :: Read More
Adult child died in auto accident

$400,000 verdict for the mother of an adult child who died in an auto accident.

Wrongful Death :: Serious Car Accidents :: Read More
Semi Accident

$360,825.18 The verdict for a woman who had a cracked vertebrae and a consortium claim in an auto accident with a semi truck

Serious Injuries :: Semi Accidents :: Read More
Faulty Bridge At A Golf Course Resulted In Injuries

$120,000 Settlement for a broken arm and injured shoulder from a fall on a faulty bridge at a golf course.

Skeletal Injuries :: Insurance :: Read More
Engineering Malpractice

$212,000 A settlement for a developer from a engineering firm for engineering malpractice

Statues of Limitation on Malpractice :: Read More
Motor Vehicle Accident Causes soft tissue injuries

$50,000 Soft tissue injuries suffered in motor vehicle accident.

Personal Injury Lawyers :: Liability. Who is Responsible? :: Read More

Injuries Suffered By A Dog Bite To A Child

$130,000 Injuries suffered by a child with developmental delays who was bitten by a dog on his face.

Skeletal Injuries :: Injury To A Child :: Read More
Semi Collision Caused Traumatic Brain Injury

$2,871,767.16 Verdict for a child who suffered a traumatic brain injury in a collision caused by a semi truck

Semi Accidents
:: Traumatic Brain Injury :: Read More
Auto Accident Injuries

$68,559.81 Settlement for a woman who suffered multiple injuries in a automobile accident.

Pain & Suffering
:: Whiplash :: Read More
Auto Accident Soft Tissue Injuries

$50,000 Settlement for a couple that was in an auto accident where both sustained soft tissue injuries

What do PI Lawyers DO? :: Read More
Motor Vehicle Accident - Broken Bones

$100,000 Recovery for injuries suffered in a motor vehicle accident including a dislocated shoulder, broken arm and broken wrist

Hand Wrist Breaks :: Shoulder Injuries :: Read More
Uninsured Motorist

$50,000 Recovery from an individual’s own auto insurance policy when he was injured in an accident caused by an uninsured motorist

Insurance-The Lawsuit :: 8 Facts on Iowa Auto Insurance :: Read More
 
 
Home page for IowaCarAccident.com Print this page Send an e-message to the law firm Save to favorites Legal Disclaimer - Important Information
 

Gourley, Rehkemper & Lindholm

Financials & Accidents

How Do I Manage In the Meantime?

If you are so unfortunate as to be involved in an automobile accident and suffer significant injuries, you may not be able to work for an extended period of time. To make matters worse, what if you are the major or sole breadwinner in the family? How does your family survive if you have to endure weeks, months, or even years of lost time and wages? There are a number of tools at your disposal both before and after an accident to help ease the burden of such life-changing and catastrophic events.

Before An Accident

If you are lucky enough to be reading this and you or a family member has not been in an injury related accident, you are one of the fortunate few. However, it is never too early to plan and prepare in case such a life-changing event happens to you and your family.

Insurance

First and foremost, always make sure that you are properly insured. Depending on your personal situation such as whether or not you are married, have children, and the amount of property, income and expenses you have, you need to be insured accordingly. Every person’s situation is different, but the following insurance should be considered based upon you specific circumstances:

  • Auto
  • Home
  • Supplemental
  • Life
  • Disability
  • Professional
  • Boat
  • Motorcycle
  • Umbrella
  • Underinsured & Uninsured Motorist
  • Business

For further discussion, please refer to Iowa Insurance Company claims. For more information about various insurance companies in the state of Iowa, we have found a few websites that might be helpful: Iowa Insurance Division, IID Searchable Database, and Iowa Insurance. (Note: this is not an endorsement of any one of these companies).

Personal Finances

We’ve all heard it before but the more prepared you are for a financial downturn or disaster, the better able your family will be able to survive through such hard times. Accordingly, it is always advisable to keep accessible and liquid funds equal to a minimum of 6 months wages for just such disasters.

After An Accident

As is the case with most of us, we are often not completely financially prepared for emergency situations. So what happens to us financially if we have family to provide for but cannot work?

Employers

If you have a job at the time of the accident, check to see what benefits or deference your employer will provide. Some employers provide additional time for injuries even if not work- related. You also may well be able to use sick days and vacation days as a way to continue to get paid following an accident. As always, consult with your attorney first, but then speak with your employer to see what types of benefits might be available in the short term.

Medical Bills

There are a number of ways that you can delay or avoid personal responsibility for medical bills should you find yourself incapacitated for a certain time. As always, you must talk to your attorney before exploring these options as payment of medical expenses can have significant effects on your compensation from an accident claim later on. However, often times insurance will pay medical bills directly, thereby relieving you (at least temporarily) of the responsibility of paying medical expenses. Temporary insurance payments may come from your insurance company, the other driver’s, your health care company, the other driver’s employer, or other sources, depending on the situation. Even if a company does not take responsibility for an accident initially, there may be a “medical payment” that is available for an injured party regardless of fault under one or more policies. However, the availability of temporary insurance payments is something any good claimant’s attorney will explore.

Medicare and Medicaid may also cover some portion of or all of the bills associated with injuries from an accident depending on your eligibility.

For more information on Medicaid and Medicare eligibility, you may want to review the eligility guidelines, Iowa Department of Human Services Health Care, Medicaid Programs, Social Security Disability Programs, Disability Programs, and Supplemental Security Income.

Also, even if no third party agrees to temporarily pay medical bills, a proactive attorney can sometimes persuade medical providers to hold off on collection of such bills pending resolution of the claim. Once again this cannot be guaranteed but simply illustrates another advantage of having an effective claimant’s attorney on your side, protecting your rights.

Loans

Many types of financing exist if your family finds itself in a financial bind where additional funds are immediately necessary. Obviously, each individual’s ability to access such funds varies based upon their given financial situation.

Lines of Credit

Banks offer lines of credit which are basically unsecured funds that can be accessed when necessary. These can be set up before emergency funds are needed even if they are not immediately accessed. This is a good idea as it is often times easier to qualify when times are better plus if it is already set up, with very little delay in accessing the funds. These loans are set up to be short term. While getting the funds can be much simpler and quicker than other types of loans, the interest rates can be higher and sometimes the required payments can be larger as well so these are best used for short term loans.

Home Equity

Another common source of funds is in a person’s equity in their residence. Should you own a home, refinancing or getting a second home equity loan can be a great way to access funds. Such loans are basically notes secured by your house as collateral just as was your first mortgage. Therefore, while these funds can take a little longer to procure relative to others, they can be a better long term fix as the interest rates, depending on the market, are often times relatively lower, as can be the corresponding required payments.

Cash Advances

Cash advances are a last resort if the situation is particularly dire. While cash advances offer almost immediate access to cash, you still must have the credit to get the money. But worse, such loans almost always have extraordinarily high interest rates. These should be used only in an emergency and ideally only for very short time periods. It has been said that the only people that can get loans are the ones with money. This unfortunately seems to be the case sometimes. Accordingly, if none of the above options are available or appropriate for the situation, there also exist lawsuit cash advance services that will actually advance part of the potential recovery in certain cases. These can be a good last resort if no other personal funding is available at a given time. The good part about these advances is that they are not actually loans. They are merely advances on any potential recovery you might receive. Therefore, if the case goes to trial and the jury does not give an award to the plaintiff, you do not owe anything to the company. However, the downside of the companies taking such risks is that the interest rates on the advances are quite significant and, like other high interest loans referenced above, can eat up a significant portion or all of a recovery in some circumstances.

Long Term

All of the foregoing means to help a families’ financial affairs following a significant injury focus on relatively short term help. Sometimes, however, injuries will prevent a person from working for an extended period of time, even for the rest of their life. These situations are compensable in the underlying lawsuit. One of the damages that are available for an injured individual is lost wages. Accordingly, should a lawsuit not settle for an extended period of time, a person needs to be compensated for all of the wages, salary, or other foregone compensation that they otherwise would have made but for the injury occurring. Additionally, if an injured party is not going to be able to work in the future, an additional award for lost earning capacity is available to compensate the person for future losses. In this way, even though the person has lost the ability to earn money, they are compensated for such future earnings in the underlying settlement or award. While serious injuries can be devastating to a person or a family, there are tools that can be used to ease the burden. Once again, an experienced claimant’s attorney should be able to counsel their client on what help is available and how to go about obtaining such assistance.

Personal Injury Lawyers

Insurance companies know that "we don't send a boy in to do a man's job, we send the team" to protect our clients' rights to be made whole again after an accident - the discovery process is just one time when we will do battle for you, but it is a very significant battle. We pride ourselves on our meticulous preparation, and our relentlessly determined focus on achieving only the best solutions for our clients. If you have been injured in an accident, please call us at 515.226.0500 or toll free at 1.866.743.6652.

Information From Our Library

Accidents & Injury Information From Our Library


Return to the top of the page

 
GRL On Facebook GRL On Twitter GRL On Foursquare Iowa Car Accident Blog Be Prepared App



GRL Law - Iowa

 
Contact Information
Gourley, Rehkemper & Lindholm PLC
440 Fairway Drive
West Des Moines, Iowa 50266
515.226.0500 - 1.866.743.6652 (toll free)
E-mail - Map & Directions
Contact Gourley, Rehkemper & Lindholm - Des Moines Iowa Accident & Injury Attorneys
 

Ask An Attorney

 
Free Initial Consultation
If you have been injured in an accident, whatever your questions may be, you can always ASK AN ATTORNEY at GRL Law.
Ask An Attorney

Iowa Injury Law Firm

Helpful, Caring, Determined
 

Accidents

Automobile Accidents
Crashes Statistics & Facts
Insurance
 

Injuries

Brain & Head Injury
Central Nervous System
Fractured - Broken Bones
Medical Care Injuries
Anatomy
 

Recovering

Financial Recovery
 

Treatment & Rehabilitation
 

Trial Litigation

Lawsuits, claims & Settlements


Return to the top of the page

GRL On Facebook GRL On Twitter GRL On Foursquare Iowa Car Accident Blog Be Prepared App


Gourley, Rehkemper & Lindholm, PLC is an Iowa law firm located in downtown Des Moines, Iowa. The lawyers at Gourley, Rehkemper & Lindholm are licensed in the state of Iowa.

Attorneys Gourley, Rehkemper & Lindhom, and their associate Attorney Scott Michels frequently represent people who have been injured as a result of an accident occuring in the greater Des Moines, Iowa area, including West Des Moines, Iowa City, Johnston, Davenport, Cedar Rapids, Sioux City, Marshalltown, Cedar Falls, and Ames, Iowa. They often help people who have sustained head and brain injuries, spinal cord injury, fractured bones and cuts, as well as injuries resulting from medical malpractice and dental malpractice. GRL Law's attorneys stand ready to help you find the best solutions for your particular situation, utilize protections under the law to secure your family and property, and get the compensation you deserve after a personal injury or wrongful death. Please contact the law offices of Attorney Cory Gourley, Attorney Robert Rehkemper & Attorney Matt Thomas Lindholm for a free legal consultation to better understand your rights under Iowa law, and make the next important decisions in recovering your losses.

Sigma One Group - Online Marketing for Professionals - Law Firms & Lawyers