What Are Other Pecuniary Losses in an Automobile Accident?

Is your vehicle incurring unnecessary storage fees at a tow yard? Are you worried about who is going to pay pecuniary losses from an automobile accident? You need immediate help to solve the problem of what to do with your automobile after an accident. You also need someone to help you work through the process of getting the insurance company to settle quickly on the property damage issues so that you can get your car repaired or get a replacement car.

You need your car and The Levinson Law Group is here to help make that happen. Benefit from insider knowledge by putting a former insurance company lawyer on your side. For your free consultation, call 1-866-643-HURT (4878) today. “We accept cases on a contingent fee. That means that if there is no recovery in your case you pay no fee. And in most cases, we even advance the costs.”

Pecuniary Losses in an Automobile Accident

Pecuniary losses are the financial losses experienced by the injured party in an automobile accident. While no amount of money will ever replace the loss experienced in an automobile accident, The Levinson Law Group works to recover the compensation that our clients are entitled to receive to assist them as they heal from life-altering injuries and progress through healing to gratitude, forgiveness and ultimately closure and peace. In this endeavor, we focus on the out-of-pocket expenses that our clients incur, such as the storage fees for a tow yard, to ensure that we include each expense in our claim to the insurance company for the negligent driver.

Medical bills and lost wages are the largest components of pecuniary losses. As the victim of another party’s negligence, you should not be required to pay for these losses. Medical expenses can quickly add up in automobile cases, especially in cases that involve severe injuries. You are entitled to receive compensation for past and future medical expenses under your pecuniary losses. If you will require ongoing medical treatments, we can include the projected expenses for those treatments in your claim.

Lost wages is the second largest component of pecuniary losses. In cases involving severe injuries, victims may be out of work for several months. When seeking compensation for lost wages, we include past and future lost wages as well as amounts for the loss of earning capacity, if applicable.

Pecuniary losses are intended to reimburse the injured party for financial losses due to the accident. Other pecuniary losses include but are not limited to:

  • the towing bill for your vehicle
  • storage fees at the tow yard
  • traveling expenses to and from doctor’s appointments
  • overnight costs if you are required to spend the night out of town to receive medical care
  • the cost of paying someone to perform household chores that you cannot perform due to your injuries

Because each automobile accident case is unique, your pecuniary losses will be unique to your case and may include other costs. The Levinson Law Group is committed to ensuring that you receive reimbursement for your out-of-pocket pecuniary losses in addition to compensation for your general pain and suffering.

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