Types of Accident Compensation

This type of compensation usually includes medical expenses, which include prescription drugs, devices, physical therapy, and accident even surgery. The compensation could also cover future earnings potential.

This type of compensation is usually referred to as "general damages." It can be challenging to determine the value of these damages due to the fact that insurers employ different methods of calculation.

Economic Damages

Economic damages are the tangible and quantifiable cost of an accident. These include expenses out of pocket and losses resulting from the absence of work damages to property and future anticipated financial losses due to the injury or disability. These costs are estimated by juries and courts based on documents such as hospital bills, pharmacy receipts, as well as estimates for repairs to vehicles.

These expenses are relatively simple to prove and are among the most immediate expenses incurred by an accident lawsuit. They usually include medical costs like the initial hospitalization and all subsequent treatment and care. They could also include the cost of a damaged vehicle or other property items, such as clothing and household items. They could also include the cost of hiring a third party to take care of household chores or driving your children to school or other events.

Lost wages are a different and important type of economic damages. These include not just missed earnings from the time you were forced to stay home from work due to your injuries, but they can also include lost productivity while recovering as well as any sick days or vacation leave. In some instances you could even receive compensation for the loss of your future earning potential if your injury prevents you from returning to your former career or prevents you from earning the same amount in the future.

These costs are quite clear and quantifiable. However other damages you can claim are more difficult to prove. These damages that are not economic can be more difficult to quantify and include things like discomfort and pain or disfigurement as well as the loss of enjoyment.

How do you demonstrate these damages?

Certain expenses can be established through receipts or paperwork Some expenses can be proven with receipts and paperwork, while others require expert testimony. For example, in cases where an allentown accident lawyer leads to serious spinal cord injuries that 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 aid the jury or the court determine with certainty what your total financial and personal impacts will be.

The most complex types of economic damages are those relating to future medical expenses and lost earnings. It is possible to document these costs by utilizing a medical professional's estimate of when you will reach the point of maximum medical improvement or when your recovery will likely end. But, you'll need to prove your financial loss by providing pay bills, expense receipts as well as other proof of your current and previous income.

Insurance companies attempt to avoid paying as much damages as they are required to. A seasoned personal injury lawyer can ensure that you receive all the compensatory damages to which you are entitled. Contact Dennis and King today to set up an appointment at no cost. We can help you seek the full spectrum of your economic and non-economic injuries resulting from a New York car accident or other personal injury accident.