Types of Accident Compensation

Typically, this type of compensation covers medical expenses like prescription drugs and devices as well as physical therapy and surgery. It could also be used to pay for future earnings.

This type of compensation is commonly referred to as "general damages." However, determining the value of these damages can be complicated because insurers use different methods of calculation.

Economic Damages

Economic damages are the tangible and measurable expenses resulting from an accident law firms. These are expenses that are out of pocket such as lost wages, property damage costs, and future financial losses resulting from the disability or injury. Courts and juries usually calculate these costs using documentation like hospital bills, pharmacy receipts and estimates for repairs to vehicles.

These are the immediate costs of a crash, and are easy to prove. They include medical costs, like the initial hospital stay, and any subsequent treatment and care. They could also include the cost of a damaged vehicle or other property items such as household and clothing goods. These expenses can also include the cost of hiring a third party to do housework or drive your children to school or other activities.

Loss of wages is another important aspect of economic damages. This is not just the wages you have missed because of your injuries but also any lost productivity during your recovery and any vacation or sick days. In certain cases you may even be able to claim compensation for the loss of your future earning capacity if your injury prevents you from returning to your former job or hinders you from earning the same amount in the future.

These costs are quite clear and measurable. However other damages you can claim are less clear. These non-economic damages are often more difficult to quantify, and could include things like pain and suffering, disfigurement or loss of enjoyment.

How can you prove these damages?

Certain expenses can be proven by means of receipts and accident attorneys papers however, some expenses may require expert testimony. For instance, in situations when an accident results in an extensive spinal cord injury that leaves the victim partially paralyzed or disabled, it could be necessary to speak with an occupational specialist to assess the full impact of the injury. This can aid the jury or the court make an accurate assessment of your personal and financial impact.

The most complicated kinds of economic losses are those that concern future medical expenses and lost earnings. You may be able prove these expenses by using a medical professional’s estimation of your maximum medical improvement or when your recovery is expected to be over. But, you'll need to prove your financial loss by submitting pay invoices, stubs as well as other proof of your current and previous income.

Insurance companies attempt to not pay as much damages as they are obligated to. A personal injury lawyer who is skilled can ensure you receive all the compensation you are entitled to. Dennis and King will be able to schedule a free consultation. We can assist you in pursuing the full range of economic and non-economic damage resulting from an New York car accident or any other personal injury or accident Attorneys.