Top Five Factors to Consider When Raising Funds for Personal Injury
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When you get injured due to the negligence or inaction of others, you may qualify for a personal injury settlement. However, the downtime you'll suffer from being unable to work due to injury can lead to significant financial strain. How can you raise money to cover all the financial expenses that come with the situation? Let's find out.
Funds For Medical Expenses
If you consult Trent Kelly From TK Injury Lawyers over a personal injury case, they will ask you what you spent on medical expenses. Get a detailed record of the total amount from prognosis to treatment and rehabilitation. If the injury left you needing a medical device, factor in the cost of using a device. Carry every supporting document reflecting your medical expenses when talking to potential donors. It will make them more empathetic to your cause.
Insurance Coverage and Benefits
When you are trying to establish a fundraising campaign, you need to consider your existing insurance coverage. After the injury and during the treatment, what part of the expenses were covered by insurance? Find out if there are limits to the coverage, deductibles, or copays. If you sustained the injury in your workplace, determine if you are eligible for workers' compensation. These details will give you a clearer picture of how much you need to raise during the campaign.
Funding Options and Resources
When you think of fundraising, the first thing that may come to your mind is asking family and friends. While this is a great start, it may not be enough to raise the funds you need for all your bills. You can make a difference by exploring fundraising platforms designed to help people in distress raise funds. There are also government assistance programs you can explore and non-profit organizations that may be willing to offer financial support.
Community Support and Networking
You don't need to do all the fundraising work by yourself. Expand your reach and increase your chances of reaching your goals by recruiting family and friends to support you. Share your story on social media platforms and the crowdfunding link where people can donate. You can also ask local businesses to help you create more awareness by hosting your fundraising event in their companies. Working with a community will help you attract more donors.
Transparency and Accountability
When it comes to fundraising, you need to be 100% transparent and accountable to your donors. Do not disclose any detail about the incident that injured you, and do not obscure the truth. If people discover that you lied, it will lead to significant outrage and you may lose the funds you already got. Apart from being transparent, you also need to be accountable to your donors. Give them details about how the rehabilitation or court case is going. Some donors may become emotionally invested in your case, and providing updates will put their minds at ease.
Conclusion
Finally, always show gratitude when you receive donations from kind-hearted people. Remember that everyone who contributed did it because they wanted to, not because they owed you a dime.