Many of our clients
encounter significant financial difficulties after being injured in
a motor vehicle or bike accident.
A family, for example, can lurch from financial security to
financial stress very quickly if the sole breadwinner is unable to
work for any period of time following injuries sustained in an
accident.
Is there anything that can be done for those injured in road
accidents to ease what is often a short term but significant
financial difficulty?
The compulsory third party insurer, Allianz, is open to an
approach for what is called an interim payment. That is, a
payment usually of a smallish amount to ease a person's financial
hardship while the totality of a claim is still being assessed or
while they are unable to work. We have had several clients who have
received a rolling series of interim payments which have covered
them until they are able to resume work.
Allianz, in our view, does take an unnecessarily harsh view of
applications for interim payments. They do however, require
evidence of the financial hardship as a pre-requisite. It's
similar to the application being means tested and that you need to
establish that you do not have significant funds that you can fall
back on and in addition, you are being pressed to make significant
regular outgoings such as mortgage payments.
We know many of our clients have found this method of access to
financial assistance most welcoming. We recommend it to many
clients, particularly as it can remove a potentially difficult and
stressful issue.
For more information in relation to the obtaining of an interim
payment after your motor vehicle or bike accident get in touch
with our writer today, Andersons Partner, Dion McCaffrie.
Please note, this Blog is posted in Adelaide, South Australia.
It relates to South Australian legislation.
Photo by sghosh30 and sourced from Flickr