In North Carolina, when you are injured because someone else was negligent, the negligent person is liable for all of the consequences of your injuries. A typical example is when you are hit by another vehicle on the road. The person who crashes into you is responsible for your medical bills, lost wages and pain and suffering. The car insurance company for the at fault driver will contact you and evaluate your claim. Sometimes the insurance adjuster will deny your claim because of “contributory negligence”. What does that mean?
Posts Tagged ‘car accident injuries’
What to Do and Why After a Car Accident
The stressful nature of collisions makes it difficult for many people to think clearly about the next steps to take after a car accident. However, the unfortunate reality of these situations is that everything you do can complicate your car accident claim later. Here’s what to do in the first moments, hours, and days after a car accident.
What Makes Personal Injury Settlements Taxable?
The vague feelings of dread that accompany tax season might be especially intense if you’re wondering if your personal injury settlement is taxable. Federal tax laws specifically address what circumstances make personal injury settlements taxable.
The good news is that you may not have to pay taxes on a personal injury settlement. However, the bad news is that there are a few circumstances where the IRS may be entitled to some of what you receive from the insurance company. The IRS website has more information on personal injury settlements and federal taxes.