Serving injury victims in the Tri-cities, Columbia Basin, Eastern Washington and Oregon.

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Why you need more than insurance for a child with a brain injury

On Behalf of | Sep 14, 2022 | Injury

There may be several kinds of insurance that can help you cover the expenses caused when a child has a traumatic brain injury (TBI). If the injury occurred in a car crash, you may be able to file a liability claim. You may also have coverage if your child got hurt on school property, out in public or at someone else’s property, such as a daycare facility.

Business insurance, homeowner’s insurance and premises liability coverage can all help pay for the financial losses your family has suffered. There could also be a health insurance policy that could pay for at least the treatment costs for your child.

Many families adjusting to life after a child suffers a TBI will eventually realize that insurance simply isn’t enough even when there are multiple policies that apply.

The medical costs alone can be seven figures

Even the most generous homeowner’s insurance or car insurance policy will likely fall far short of the total cost of a brain injury to a child. The cost of medical care and support will vary depending on the severity of their injury.

Although some families may only need to cover $85,000 worth of medical costs, others could have lifetime bills of $3 million, possibly more. Such catastrophic expenses will likely necessitate other forms of compensation rather than just insurance payments.

Lost parental income is another issue

Depending on the age of the child, the family may have a difficult time bringing a claim for the child’s future wages. However, sometimes such claims can be successful. More importantly, your family may need to consider the lost earning potential of a parent who stays home to serve as a caregiver to an injured child.

They may lose out not just on a few years of income as they would when raising an infant to school age but rather on a lifetime of income if their child’s permanent injuries will forever keep them from living independently. A personal injury lawsuit against a property owner, driver or business could be a way for your family to recoup both the extensive medical costs and the lost wages that a brain injury may create.

Identifying and quantifying the financial consequences of a child suffering a TBI will help your family pursue financial justice.