Types of Accident Compensation

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

This type of compensation may be described as "general damages." It can be challenging to determine the amount of these damages because insurers have different methods of calculation.

Economic Damages

Economic damages are the tangible, accident quantifiable costs that result from an accident. These include out-of pocket expenses including lost wages, property damage costs, and future financial losses resulting from the injury or disability. These costs are estimated by juries and courts using documents such as hospital bills, pharmacy receipts and estimates for vehicle repairs.

These expenses are relatively simple to prove and are the most immediate expenses associated with an accident lawsuits. They typically include medical expenses for the initial hospital stay, and any follow-up treatment and care. These expenses can also include the cost of fixing a damaged car or other items of property such as clothes and household items. The cost of hiring a person to do chores around the home or take children to and from school, or other activities may be included and more.

The loss of wages is an additional important type of economic loss. These include not just lost wages due to the fact that you were unable to work from work due to your injuries, but be a factor in the loss of productivity during recovery and any vacation days or sick days. In certain cases it is possible to recover compensation in the event of a loss of future earnings capacity. This is the situation in the event that you cannot return to your former career or earn the same amount.

The costs are pretty clear and Accident attorney quantifiable. However other damages 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, and the loss of enjoyment.

How can you prove these Damages?

While a few of the expenses in these categories are fairly easy to prove by submitting receipts and papers Certain expenses may require expert testimony. For instance, in the event when an accident results in an extremely severe spinal cord injury which leaves a victim partially paralyzed, then it could be necessary to consult an occupational specialist to assess the full impact of the injury. This will aid the jury or the court to make a precise determination of what your total personal and financial impacts will be.

The most complicated economic damages are those that involve future medical expenses and lost earnings. It is possible to document these costs using a medical professional's estimate of when you will reach maximum medical improvement, or when your recovery is likely come to an end. You'll need to prove that you will suffer a future financial loss. This can be accomplished by providing your pay stubs or expense receipts.

Insurance companies are trying to keep from paying as much damages as they are legally required to. A skilled personal injury lawyer will ensure that you receive the compensatory damages to which you are entitled. Contact Dennis and King today to set up an appointment for a no-cost consultation. We can help you seek all of your non-economic and economic damages following a New York car accident or other personal injury incident.