Motor vehicle accidents are the norm rather than the exception. With this in mind, it is imperative to have safeguards in place to take car of the related expenses.
Compulsory Motor Vehicle Insurance
Every car owner is -by law- expected to be in possession of motor vehicle insurance. If you’ve ever wondered why then it must make sense now. Seeing that people can be injured, or in a worst case scenario, killed, compulsory motor vehicle insurance is there to pay for certain expenses. For example, hospital and medical expenses (present and future) are normally paid for using money from an accident fund you contribute towards.
A Private Claim For Damages
On the other hand, if the accident was caused by another person you can file a claim for damages for loss of income, loss of earning capacity (if you have been incapacitated) as well as for losses that are not a direct result of the accident. You can also file a claim for the damage to the car.
Traffic accident compensation claims are a constant occurrence. Don’t waste time, file your claim today.