We have been talking about several articles about the sequelae, which are the effects that persist after a No. or accident. There are three types of sequels: physical, psychological and economic. In this article we will talk about the last of them, the Economic sequelae. If you want to know more about the sequels, you can read more Here..
Economic sequelae
The economic sequels are financial impacts that may persist after an event insuredsuch as an accident, a serious disease or any other event that results in significant economic losses.
Economic sequelae may include loss of income due to inability to work during recovery, medical and rehabilitation costs not fully covered by the Sure. and additional costs associated with household adjustments or in the lifestyle.
They may also cover depreciation or loss of tangible propertysuch as vehicles damaged in an accident or property losses covered by the home insurance.
Economic sequelae can seriously affecting the financial stability of the insuredespecially if they do not have adequate insurance covering all aspects of the event. This can lead to problems such as medical debts, difficulties in covering daily expenses and in some cases the inability to maintain the pre-event standard of living.
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