Traffic Accident Expenses and Crowdfunding Initiatives

Crowdfunding platforms like GoFundMe may seem like a quick solution to cover unexpected medical bills, lost wages, and other financial burdens after a traffic accident. But while these campaigns sometimes provide immediate relief, there are significant risks involved, particularly for those pursuing a legal claim for compensation.

To learn about the advantages and potential pitfalls of crowdfunding for accident expenses, consult with a Bucks County personal injury attorney.

The Dangers of Sharing Too Much

Allowing individuals to share their story and solicit donations, crowdfunding campaigns are a way to let friends, family, and even strangers know that financial strain is being experienced. In the wake of a traffic accident, these platforms may seem like a lifeline. After all, supporters may rally around victims, raising substantial funds in a short amount of time. Yet while the emotional and financial support could be accessed, crowdfunding does come with potential downsides.

One major drawback of crowdfunding is the public nature of these campaigns. To attract donors, individuals often share detailed accounts of their injuries, the accident, and their financial struggles. While this transparency can encourage donations, it also creates a public record that insurance adjusters and opposing attorneys can access.

For example:

Statements about injuries. If your campaign downplays the severity of your injuries to appear resilient, insurers may argue your claim is exaggerated.

• Conflicting timelines. Any discrepancies between your campaign narrative and your legal claim can weaken your case.
• Evidence misuse. Photos or updates about your recovery could be used to minimize your injuries or suggest you are in better health than claimed.

In short, sharing too much publicly may unintentionally harm your chances of receiving a fair settlement or judgment.

Legal Actions Offer More Security

While crowdfunding might seem easier than pursuing a legal claim, it lacks the certainty and fairness of compensation secured through legal channels. Personal injury claims hold responsible parties accountable for damages, often covering more extensive costs than a crowdfunding campaign could raise.

Additionally, settlements and court awards are calculated based on legal standards, not the generosity of strangers. Crowdfunding relies on emotional appeals and the size of your social network, which can leave gaps in your financial recovery.

Before launching a crowdfunding campaign, have a conversation with a Bucks County personal injury attorney. A seasoned lawyer can evaluate your situation so that you can pursue all available options for compensation. They can also advise you on if you should move forward with a crowdfunding campaign, talking to you about what information to share and what to withhold to protect an insurance claim. Other ideas on how to secure interim funds may be shared as well.

Is crowdfunding something you have been considering? If so, your goal should be to recover the compensation you deserve without compromising your legal rights. With the legal team at Kevin L. Hand, P.C. by your side, you can make informed decisions about whether a crowdfunding campaign is appropriate or whether pursuing legal action is a better path forward. Call 215-968-6602 to schedule a confidential meeting.