Types of Accident Compensation

Typically, this form of payment covers medical expenses, such as prescription devices and drugs such as physical therapy, surgery and so on. It could also be used to cover future earnings.

This kind of compensation is often called "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 costs resulting from an accident law firm. These include out-of-pocket expenses like lost wages as well as property damage costs and financial losses that will come from the injury or disability. Juries and courts usually calculate these costs using documentation like pharmacy receipts, hospital bills and vehicle repair estimates.

These are the immediate expenses of a crash and are simple to prove. They often include medical expenses for the initial hospitalization and any follow-up treatment and care. They may also include the cost of repairs to a damaged vehicle or other property items including household and clothing goods. The cost of hiring someone to perform chores around the house or take children to and Accident law Firm from school, or other activities may be included in these expenses also.

Lost wages are a different and important type of economic damages. These include not just missed wages from the time you were required to stay home from work because of your injuries, but they may include the loss of productivity during recovery and any sick days or vacation leave. In certain instances you can also claim compensation for the loss of your earning potential in the future If your injury hinders you from returning to your previous job or stops you from earning the same amount in the future.

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

How Do You Prove These Damages?

Certain expenses can be proven by means of receipts and papers However, others might require expert testimony. For instance, in cases where an accident causes an extremely severe spinal cord injury that leaves the victim partially paralyzed, then it could be necessary to consult with an occupational specialist to determine the full impact of the injury. This will aid the jury or the court determine the true extent of your personal and financial impact.

The most complicated forms of economic damages are those that concern future medical expenses and lost earnings. It may be possible to document these costs by utilizing a medical professional's estimate of when you'll reach the point of maximum medical improvement or when your recovery will likely come to an end. However, accident Law Firm you will need to prove the future financial loss by submitting pay statements, expense receipts, as well as other proof of your current and previous income.

Insurance companies are often trying to avoid paying the full amount of damages that they have to pay legally. A knowledgeable personal injury lawyer can make sure that you get all compensation damages to which are entitled. Contact Dennis and King today to schedule an appointment at no cost. We can help you recover all of your economic and other damages resulting from the occurrence of a New York auto accident or personal injury accident lawsuits.