Types of Accident Law Firm Compensation

Typically, this type of compensation covers medical expenses like prescription devices and drugs as well as physical therapy and surgery. It may also cover the loss of future earnings.

This kind of compensation could be referred to as "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 cost of an accident lawsuit. These include expenses out of pocket as well as the loss resulting from a missed work cost for property damage, and future anticipated financial losses due to disability or injury. These costs are figured by juries and courts using documents like hospital bills, pharmacy receipts, and estimates for vehicle repairs.

These costs are fairly simple to prove and are among the most immediate expenses associated with an accident. They include medical expenses, such as the first hospital stay and all subsequent care and treatment. These expenses can also include the cost of fixing damaged vehicles and other property items, like clothes and household products. The cost of hiring a person to do chores around the home or to transport children to and Accident Law Firm from school or extracurricular activities can be included in these costs also.

Lost wages are another common and significant category of economic damages. These include not just lost wages due to the fact that you were forced to stay home from work because of injuries, but they may also include the loss of productivity in recovering, as well as any vacation or sick days. In some instances you can recover compensation for the loss of future earning capacity. This is the case if you are unable to resume your previous work or earn the equivalent amount.

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

How can you prove the damage?

While a few of the expenses in these categories are fairly straightforward and can be proven by submitting receipts and papers Certain expenses may require expert testimony. In the event that an accident causes a severe spinal injury that leaves the victim partially paralyzed, it could be necessary to consult an occupational specialist to determine the impact of the injury on the victim. This can help the jury or court determine the true extent of your financial and personal impact.

The most complex economic losses are those relating to future medical expenses as well as lost earnings. It may be possible to document these expenses using a medical professional's estimate of when you will reach maximum medical improvement, or the time when your recovery will likely come to an end. However, you'll have to prove the future financial loss by submitting pay statements, expense receipts, and other proof of your past and present income.

Insurance companies attempt to keep from paying as much damages as they are obligated to. A personal injury lawyer with experience can ensure you receive all the compensatory damages you are entitled to. Contact Dennis and King today to schedule an appointment for a no-cost consultation. We can help you recover all of your economic as well as other damages following an New York auto accident or personal injury accident.