Types of Accident Compensation

This kind of compensation typically covers medical expenses, including prescription medications, devices, physical therapy, and surgery. It could include future earnings potential.

This type of compensation is usually referred to as "general damages." It can be difficult to determine the amount of these damages as insurers use different methods for calculation.

Economic Damages

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

These are the direct costs of a crash and are simple to prove. They include medical expenses, like the initial hospitalization, as well as any subsequent treatment and care. These expenses can also include the cost of repairing damaged vehicles and other property items, including household and clothing items. These expenses can also include the cost of hiring a person to assist with household chores or transport your children to school or other extracurricular activities.

Loss of earnings is another important type of economic damage. This includes not just your missing wages from the time you had to stay home from work due to your injuries, but they could be a factor in lost productivity while recovering as well as any vacation or sick leave. In some cases you could even receive compensation for the loss of your potential earnings in the event that your injury prevents you from returning to your previous career or prevents you from earning the same amount in the future.

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

How Do You Prove These Damages?

While some of the costs in these categories are fairly straightforward and can be substantiated by submitting receipts and papers However, some expenses will require expert testimony. If an massillon accident lawsuit results in a severe spinal injury that causes the victim to be partially paralyzed, it could be required to consult with an occupational specialist to determine how the injury will affect the victim. This will assist the court or Wickenburg Accident attorney jury determine the true extent of your financial and personal impact.

The most complex types of economic damages are those that concern future medical expenses and lost earnings. You might be able to prove these expenses by using a medical professional's estimation of your maximum improvement in your medical condition or when your recovery is expected to come to an end. However, you'll have to prove your future financial loss by providing pay invoices, stubs and other evidence of your current and previous income.

Insurance companies try to avoid paying the total amount of the damages they have to pay legally. A seasoned personal injury lawyer can make sure that you receive all compensatory damages to which you are entitled. Contact Dennis and King today to set up an initial consultation for free. We can assist you in recovering all of your economic and other damages following an New York auto Mount Dora Accident Lawyer or personal injury incident.