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The costs of a fatal car crash for the victim's family

Suffering through a fatal car crash as a family member of the victim is unbearable. You don't know how to react, what to do next, how to handle the situation and whether or not you can file a lawsuit. All of these are important issues that should be addressed following a fatal car accident in Jefferson.

When you look at the costs of a fatal car crash, the costs can be astronomical for the victim's family. There are a host of items that are included in estimating these costs, including the following:

  • Lost wages
  • Administrative expenses
  • Medical expenses
  • Productivity losses
  • Uninsurance costs
  • Costs of physical damage to the vehicle

As you look at all of these factors and combine their estimates, you can only imagine how much a fatal motor vehicle accident can cost. Some conservative estimates put the costs at more than $1 million for a fatal motor vehicle crash.

Those factors are simply used to estimate the economic impact of such an accident, not the true value of the loss of life. To estimate this value, the National Safety Council (NSC) put together a different set of factors and came up with the following estimate: Overall, the comprehensive costs related to a fatal motor vehicle accident can surpass $4.1 million.

As you can see, the costs of a fatal crash can be astronomical. When you factor in the loss of companionship and pain and suffering, you come across a figure that might not even be attainable.

Have you lost a loved one in a fatal motor vehicle accident in Kentucky? An experienced personal injury attorney can help you protect your loved one's rights and your rights as a surviving family member.

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T.J. Smith, Attorney at Law
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Louisville, KY 40202

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