Types of Accident Compensation

This type of compensation typically covers medical expenses, such as prescription drugs, devices, physical therapy, and surgery. It can also cover the loss of future earning potential.

This type of compensation is often called "general damages." However, determining the value of these damages can be difficult because insurers employ different calculation methods.

Economic Damages

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

They are fairly easy to prove and are the most immediate expenses associated with the event of a crash. They usually include medical costs like the initial hospital stay, and any follow-up treatment and care. These costs can also include the cost to repair damaged vehicles and other property items, like clothes and household products. These costs can also include the cost of hiring a third party to take care of household chores or driving your children to school or extracurricular activities.

Lost wages are a different and important type of economic damages. This includes not only the lost wages due to your injuries but also any lost productivity during your recovery and any vacation or sick days. In some instances you can also claim compensation for the loss of your earning potential in the future If your injury hinders you from returning to your former career or prevents you from earning the same amount in the future.

While these expenses are transparent and quantifiable, some of the other damages you could claim are less clear. These damages that are not economic can be more difficult to quantify, and include things like pain and discomfort or disfigurement as well as the loss of enjoyment.

How can you show these damages?

Certain expenses can be proven with receipts and paperwork, but others may require expert testimony. In the event that an rothschild accident lawsuit causes a severe spinal injury that renders the victim partially paralyzed it may be necessary to consult an occupational specialist to determine how the injury will affect the victim. This will assist the jury or court make an accurate determination of the full extent of financial and personal impacts will be.

The most complicated types of economic damages are those that concern future medical expenses and lost earnings. It may be possible to document these expenses by using a medical professional's assessment of when you will reach the point of maximum medical improvement or conneaut accident Lawsuit the time when your recovery will likely end. However, you will need to prove the future financial loss by submitting pay statements, expense receipts, and other proof of your current and previous income.

Insurance companies try to keep from paying as much damages as they are obligated to. A skilled personal injury lawyer will ensure that you get all compensation damages to which are entitled. Dennis and King will schedule a no-cost consultation. We can help you pursue the full spectrum of economic and non-economic damages after a New York car rocklin accident lawyer or any other personal injury or evergreen park accident law firm.