Some drivers would offer you cash on the spot when they crash into your car. This form of compensation may be instantaneous, but it's likely to be bad for you in the long run. Here are some of the reasons you shouldn't accept cash on the spot after an accident:
The Possibility of Hidden Car Damage
When you accept cash immediately after a car accident, you will be most concerned about the damages you can see.
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Work-related injuries and illnesses have always been covered by worker's comp insurance but there is a fairly new category of coverage some workers may not know about. As work-related traumatic events have become more common there has been a growing awareness of just how much damage can occur as a result. Read on to find out more about one of the more recognizable mental disorders associated with mental trauma, PTSD.
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For businesses, litigation is that one thing that they hope they never have to deal with. It is expensive, time consuming and could potentially be unflattering to one's reputation. It can also have a negative impact on employee morale. Litigation can take months, if not years, to truly recover from. Therefore, businesses need to take steps to reduce the risk of litigation.
Tip #1: Put Agreements in Writing—and Sign Them
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No one ever leaves the house expecting to get in a car accident, but car accidents happen all of the time. Being involved in a car accident can be very traumatic and stressful, especially if there are injuries involved. When you're not at fault for a car accident, you are entitled to a financial settlement to replace or repair your vehicle, cover the cost of lost wages, and pay for medical bills that you may have if you were hurt.
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Have you been giving some thought to what will happen after you pass on? Do you want to make sure that your loved ones are taken care of after you are gone? Although nobody likes to think of such things, it's important to have a plan regarding what you want to have happen to your personal possessions and to any money that you might have when you pass on. This will help to eliminate any misunderstandings or confusion that your acquaintances, relatives, and heirs might have in regards to both your funeral and afterward.
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