Types of Accident Compensation

Typically, this kind of compensation covers medical bills including prescription drugs and devices including physical therapy and surgery. The compensation could also be used to pay for future earnings.

This type of compensation is sometimes referred to "general damages." However, determining the amount of these damages is difficult as insurers use different calculation methods.

Economic Damages

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

They are fairly easy to prove and are the most immediate expenses incurred by the event of a crash. They typically include medical expenses like the initial hospitalization and any follow-up treatment and accident Law firm care. These expenses may also comprise the cost of repairing a damaged car or other items of property, such as clothes and household products. These expenses could also include the cost of hiring a third party to do housework or drive your children to school or other extracurricular events.

The loss of wages is an additional important type of economic damage. This is not just the income you lost due to your injuries, but also any loss of productivity while you recover, and any sick days or vacation leaves. In some cases, you can even recover compensation for the loss of your future earning potential when your injury stops you from returning to your previous career or prevents you from earning the same amount in the future.

The costs are pretty clear and quantifiable. However, other damages that you are able to claim could be less so. These non-economic damages are more difficult to quantify and include things like discomfort and pain disfigurement, the loss of enjoyment.

How Do You Prove These Damages?

Certain expenses can be established by submitting receipts and documents However, accident law firm others might require expert testimony. For instance, in situations that an accident lawyers causes an extremely severe spinal cord injury which leaves a victim partially paralyzed or disabled, it could be necessary to speak with an occupational specialist to determine the full impact of the injury. This will assist the court or jury determine the exact extent of your personal and financial impact.

The most complicated forms of economic damages are those that relate to future medical expenses and lost earnings. It may be possible to document these expenses with the help of a medical professional's estimation of when you will achieve maximum medical improvement, or when your recovery is likely be over. You will need to prove that you are likely to suffer a future financial loss. This can be accomplished by submitting your pay stubs or expense receipts.

Insurance companies attempt to not pay as much damages as they are legally required to. A personal injury lawyer who is experienced can ensure that you get all the compensatory damages you are entitled to. Contact Dennis and King today to set up an initial consultation for free. We can help you recover all of your financial and other damages after an New York auto accident law firm or personal injury.