What sources of compensation can be pursued after an auto accident?
The answer to this question depends on your specific state laws and the circumstances surrounding the accident. Typical sources of compensation for damages sustained in an auto accident include: “Out-of Pocket” – When the damages sustained are minor and cause no real financial setback, paying for the loss “out-of-pocket” should be considered. There is no third party getting involved when you pay for your loss yourself, no continuing investigation, no actual change in your insurance, and generally less “hassle” overall. When your losses exceed what you can comfortably handle from your current resources, other sources of compensation must be explored. Your Auto Insurance Company – Whether your insurance will compensate you for your loss depends on your contract with your insurance company. In many insurance contracts, there is both first party (you and your auto) and third party (passengers, other motorists and their property) considerations. Some contracts have medical coverage for pers
