Types of Accident Compensation

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

This kind of compensation is usually referred to as "general damages." It can be difficult to determine the amount of these damages due to the fact that insurers have different methods of calculation.

Economic Damages

Economic damages are the tangible and quantifiable costs resulting from an accident attorney. These include out-of pocket expenses such as lost wages and property damage costs and future financial losses resulting from the injury or disability. The courts and juries usually determine these costs using documents such as pharmacy receipts, hospital bills and estimates for repairs to vehicles.

These costs are relatively easy to prove and are among the most immediate expenses that are incurred in the event of a crash. They include medical costs, such as the first hospital stay and all subsequent care and treatment. They can also include the cost to repair damaged cars or other items of property such as clothes and household items. The cost of hiring someone to take care of chores around the house or take children to and from school, or other activities may be included in these expenses, as well.

Lost wages are another common and important type of economic damages. This is not just the lost wages due to your injuries, but also the lost productivity during your recovery as well as vacation or sick days. In some instances you can also claim compensation for the loss of your future earning potential when your injury stops you from returning to your former job or hinders you from earning the same amount in the future.

While these costs are transparent and quantifiable, some of the other damages you can claim are less so. Non-economic damages are more difficult to quantify and include things like discomfort and pain or disfigurement as well as loss of enjoyment in life.

How Can You Prove These Damages?

While some of the costs within these categories are simple and can be proved with receipts and documents, other expenses may require expert testimony. If an Accident Law firms results in a severe spinal injury that leaves the victim partially paralyzed, then it is required to consult with an occupational expert to determine how the injury will affect the victim. This will help the jury or accident lawyer court determine the exact extent of your personal and financial impact.

The most complicated economic damages are those that relate to future medical costs and lost earnings. It is possible to prove these expenses by using a medical professional’s estimation of your maximum improvement in your medical condition or when your recovery is likely to be over. However, you will need to prove your financial loss by providing pay stubs, expense receipts as well as other proof of your current and Accident law firms past income.

Insurance companies try to keep from paying as much damages as they are obligated to. A competent personal injury lawyer can make sure that you receive the compensation damages to which are entitled. Dennis and King will be able to schedule a free consultation. We can help you pursue the full range of your economic and non-economic damage resulting from an New York car accident or other personal injury incident.