Types of Accident Compensation

Typically, this type of payment covers medical expenses, such as prescription devices and drugs such as physical therapy, surgery and so on. It may also cover the loss of future earning potential.

This type of compensation may be referred to as "general damages." It can be difficult to determine the value of these damages because insurers use different methods of calculation.

Economic Damages

Economic damages are the tangible and quantifiable cost of an accident law firms. These include out-of pocket expenses including lost wages damages to property, and future financial losses resulting from the disability or injury. Juries and courts usually calculate these costs using documents such as hospital bills, pharmacy receipts and estimates of vehicle repairs.

These expenses are relatively simple to prove and are the most immediate expenses incurred by a crash. They cover medical expenses, like the initial hospital stay and all subsequent care and treatment. They may also include the cost of repairing a damaged vehicle or other property items including household and clothing products. The cost of hiring someone to perform chores around the home or drive children to and from school, or other activities may be included and more.

The loss of wages is an additional important category of economic damages. This includes not only the wages you have missed due to your injuries but also any productivity loss during your recovery, as well as any sick days or vacation leaves. In some instances you could even receive compensation for the loss of your earning potential in the future if your injury prevents you from returning to your previous job or prevents you from earning the same amount in the future.

Although these costs are transparent and quantifiable, some of the other damages that you can claim are not as clear. These non-economic damages are more difficult to quantify, and include things like discomfort and pain or disfigurement, as well as loss of enjoyment.

How Do You Prove These Damages?

While some of the expenses in these categories are fairly straightforward and can be substantiated with receipts and documents, other expenses may require expert testimony. If an accident lawyers causes severe spinal injury that renders the victim partially paralyzed, then it is necessary to consult an occupational specialist to determine the impact of the injury on the victim. This can help the jury or court make an accurate assessment of your personal and financial impact.

The most complicated kinds of economic damages are those that concern future medical expenses and lost earnings. You might be able to document these costs by using a medical professional's estimate of your maximum improvement in your medical condition or when your recovery is likely to end. You'll need to prove that you are likely to suffer a future financial loss. This can be accomplished by making a submission of your pay stubs and expense receipts.

Insurance companies try to avoid paying the total amount of damages they must legally pay. A personal injury lawyer who has the right experience can ensure that you get all the compensation damages you are entitled to. Dennis and King can set up a free consultation. We can help you pursue the full spectrum of your economic and non-economic damages following an New York car accident or another personal injury event.