Types of Accident Compensation

Typically, this kind of payment covers medical expenses, such as prescription drugs and devices as well as physical therapy and surgery. It could also cover the loss of future earnings.

This type of compensation may be described 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 quantifiable cost of an accident. These are expenses that are out of pocket, lost wages as well as property damage costs and financial losses that will come from the injury or disability. These costs are calculated by juries and courts using documents like hospital bills, pharmacy receipts and vehicle repair estimates.

These expenses are relatively simple to prove and are the most immediate expenses associated with an accident. They typically include medical expenses including the initial hospitalization and any follow-up treatment and care. They may also include the cost of repairs to a damaged vehicle or other property items, including household and clothing products. These expenses can also include the cost of hiring a person to do housework or drive your children to school or extracurricular events.

Lost wages are another frequent and important category of economic damages. This includes not just your missed wages from the time you were required to stay home from work due to injuries, but they could also take into account the loss of productivity during recovery and any use of vacation or sick days. In some instances there is a possibility of recovering compensation for the loss of future earnings capacity. This is the case when you are unable to return to your previous job or earn the equivalent amount.

These costs are quite clear lake accident lawyer and measurable. However other damages you could claim are less obvious. Non-economic damages are more difficult to quantify and include things like discomfort and pain or disfigurement as well as the loss of enjoyment.

How can you show these damages?

While some of the costs within these categories are easy to prove by receipts and paperwork Other expenses might require expert testimony. For instance, in the event when an accident results in an extensive spinal cord injury which leaves a victim partially paralyzed or disabled, it could be necessary to consult with an occupational specialist to determine the full impact of the injury. This can aid the jury or the court make an accurate determination of what your full range of personal and financial impacts will be.

The most complex economic damages are those relating to future medical expenses as well as lost earnings. You may be able document these costs by using a medical professional's estimate of your maximum medical improvement or when your recovery is likely to end. However, you'll need to prove the future financial loss by submitting pay statements, expense receipts, and other evidence of your past and present income.

Insurance companies will attempt to avoid paying the total amount of the damages they have to pay legally. A personal injury lawyer who is experienced will ensure you receive all the compensatory damages you are entitled to. Dennis and King will be able to schedule a free consultation. We can help you recover all of your financial and other damages after an New York auto muskegon heights accident lawsuit or personal injury walla walla accident lawsuit.