Types of Accident Compensation

This type of compensation typically covers medical expenses, including prescription drugs as well as devices, physical therapy, and even surgery. It may also cover the loss of future earnings potential.

This type of compensation is usually referred to as "general damages." However, determining the amount of these damages is difficult because insurers employ different methods of calculation.

Economic Damages

Economic damages are the tangible, measurable costs that result from an chickasha accident law firm. These include out-of-pocket expenses as well as the loss resulting from a missed work, property damage costs and the potential for future financial losses due to disability or injury. Courts and juries usually calculate these costs by using documents like hospital bills, pharmacy receipts and estimates for repairs to vehicles.

These are the immediate expenses of a crash and are easy to prove. They include medical expenses, like the initial hospitalization, as well as any subsequent treatment and care. They may also include the cost of a damaged vehicle or other property items, such as clothing and household goods. The cost of hiring someone to perform chores around the home or drive children to and from school or extracurricular activities could be included also.

Loss of wages is another common and significant category of economic damages. This is not just the income you lost because of your injuries but also any productivity loss during your recovery and any vacation or sick days. In some instances 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 previous job or prevents you from earning the same amount in the future.

The costs are pretty clear and measurable. However, other damages that you can claim are less so. These non-economic damages are sometimes more difficult to quantify and can include things like pain and suffering, disfigurement or loss of enjoyment of life.

How Can You Prove These Damages?

While some of the expenses in these categories are fairly simple and can be proved by receipts and paperwork Certain expenses may require expert testimony. If an Sellersville Accident lawsuit results in a severe spinal injury that leaves the victim partially paralyzed, it might be necessary to consult an occupational expert to determine the impact of the injury on the victim. This can assist the jury or court determine the true extent of your personal and financial impact.

The most complicated economic losses are those that relate to future medical costs and lost earnings. It is possible to document these costs by using a medical professional’s estimate of your maximum improvement in your medical condition or when your recovery is expected to end. You'll need to show that you'll suffer future financial loss. This can be accomplished by providing your pay stubs or expense receipts.

Insurance companies are often trying to avoid paying the entire amount of damages they must legally pay. A knowledgeable personal injury lawyer can ensure that you receive all compensation to which you are entitled. Contact Dennis and King today to set up an appointment at no cost. We can help you recover all of your economic and other damages following an New York auto accident or personal injury tiffin accident lawsuit.