Types of Accident Compensation

This kind of compensation typically covers medical expenses, including prescription medications and devices, physical therapy and surgeries. It can also cover the loss of future earnings potential.

This kind of compensation is sometimes referred to "general damages." However, determining the value of these damages can be difficult since insurers employ different calculation methods.

Economic Damages

Economic damages are the tangible and measurable costs associated with an mentor Accident law firm. They include out-of-pocket expenses as well as the loss resulting from a missed work damages to property and future financial losses that are expected due to the disability or injury. Juries and courts usually calculate these costs based on documentation such as pharmacy receipts, hospital bills and estimates for repairs to vehicles.

These expenses are relatively simple to prove and are among the most immediate expenses associated with a crash. They usually include medical expenses including the initial hospitalization and all follow-up care and treatment. They can also include the cost of repairs to a damaged vehicle or other property items, such as clothing and household items. 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 other extracurricular activities.

Loss of wages is another common and important type of economic damages. This is not just the wages you have missed due to your injuries, but also the lost productivity while you recover, and any vacation or sick days. In certain instances you may even be able to claim compensation for the loss of your future earning capacity 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.

Although these costs are clear and measurable, some of the other damages that you can assert are less clear. Non-economic damages are more difficult to quantify and include things like pain and discomfort or disfigurement as well as loss of enjoyment.

How Can You Prove These Damages?

While some of the costs within these categories are easy to prove with receipts and documents Other expenses might require expert testimony. For example, mentor Accident law firm in cases where an salida accident lawyer leads to an extremely severe spinal cord injury that leaves the victim partially paralyzed or disabled, it could be necessary to consult an occupational specialist to determine the full impact of the injury. This can aid the jury or the court make an accurate assessment of your financial and personal impact.

The most complicated kinds of economic damages are those that concern future medical expenses and lost earnings. It is possible to document these costs using a medical professional’s estimation of your maximum medical improvement or when your recovery is expected to come to an end. You will need to prove that you will suffer a future financial loss. This can be accomplished by submitting your pay stubs or expense receipts.

Insurance companies try to avoid paying the total amount of the damages they are legally required to pay. A personal injury lawyer who has the right experience will ensure that you receive all the compensation you are entitled to. Dennis and King can schedule a no-cost consultation. We can help you recover all of your economic and other damages following a New York auto accident or personal injury.