Types of accident law firm Compensation

Typically, this type of payment covers medical expenses, such as prescription drugs and devices including physical therapy and surgery. The compensation could also be used to cover future earnings.

This kind of compensation is usually referred to as "general damages." However, determining the amount of these damages can be difficult as insurers use different calculation methods.

Economic Damages

Economic damages are the tangible and quantifiable costs resulting from an accident. They include out-of-pocket expenses as well as the loss resulting from a missed work as well as property damage costs. future financial losses attributed to the disability or injury. These costs are estimated by juries and courts using documents like hospital bills, pharmacy receipts and estimates for repairs to vehicles.

These expenses are relatively simple to prove and are among the most immediate costs associated with an accident. They include medical costs, such as the first hospital stay, and any subsequent treatment and accident care. They can also include the cost of fixing damaged vehicles and other property items, such as clothes and household goods. These costs can also include the cost of hiring someone else to take care of household chores or driving your children to school or other extracurricular events.

The loss of wages is a different important type of economic loss. This includes not only the wages you have missed because of your injuries but also any lost productivity during your recovery as well as vacation or sick days. In some cases you could even receive compensation for the loss of your future earning potential in the event that your injury prevents you from returning to your former job or stops you from earning the same amount in the future.

The costs are pretty clear and quantifiable. However, other damages that you can claim may be less so. These damages that are not economic can be more difficult to quantify and include things like discomfort and pain disfigurement, loss of enjoyment.

How Do You Prove These Damages?

Certain expenses can be established by submitting receipts and documents, but others may require expert testimony. For example, in cases where an accident lawyer leads to an extremely severe spinal cord injury that leaves the victim partially paralyzed, then it could be necessary to speak with an occupational expert to determine the full impact of the injury. This will aid the jury or the court to make a precise determination of the full extent of personal and financial implications will be.

The most complex economic losses are those relating to future medical expenses and lost earnings. It may be possible to document these costs with the help of a medical professional's estimation of when you will achieve maximum medical improvement, or when your recovery will likely come to an end. But, you'll need to prove your financial loss by submitting pay stubs, expense receipts as well as other proof of your current and past income.

Insurance companies attempt to avoid paying as much damages as they are obligated to. A personal injury lawyer with experience can ensure you receive all the compensation damages you are entitled to. Dennis and King will schedule a no-cost consultation. We can assist you in pursuing the full range of your economic and non-economic injuries resulting from a New York car accident or other personal injury accident.