Types of Accident Compensation

This kind of compensation typically covers medical costs, including prescription medications, devices, physical therapy, and even surgery. It may also cover loss of future earnings potential.

This type of compensation is often called "general damages." It can be challenging to determine the amount of these damages due to the fact that insurers use different methods of calculation.

Economic Damages

Economic damages are the tangible and measurable 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. Courts and juries usually calculate these costs using documents such as pharmacy receipts, hospital bills and estimates for repairs to vehicles.

These expenses are relatively simple to prove and are the most immediate expenses incurred by an accident. They typically include medical expenses for the initial hospitalization and all follow-up care and treatment. They may also include the cost of repairing or replacing a damaged vehicle or other property items, including household and clothing products. These expenses could also include the cost of hiring a person to help with housework or driving your children to school or other events.

Loss of wages is another common and significant category of economic damages. These include not just lost wages due to the fact that you had to stay home from work because of injuries, but they could also include the loss of productivity during recovery and any vacation or sick days. In some cases, compensation can be recovered in the event of a loss of future earnings capacity. This is the situation when you are unable to return to your previous job or earn the equivalent amount.

The costs are pretty clear and quantifiable. However, other damages that you can claim may be less clear. These damages that are not economic can be more difficult to quantify, and include things like discomfort and pain disfigurement, the loss of enjoyment.

How Do You Prove These Damages?

Certain expenses can be proven with receipts and paperwork however, some expenses may require expert testimony. For instance, in situations that an accident causes an extremely severe spinal cord injury that renders a person partially paralyzed, vimeo.com then it could be necessary to consult with an occupational expert to determine the full impact of the injury. This will help the court or jury to determine what your total personal and financial consequences will be.

The most complex economic damages are those relating to future medical expenses and lost earnings. It is possible to document these costs by using a medical professional's assessment of when you'll achieve maximum medical improvement, or the time when your recovery will likely come to an end. You will need to prove that you'll suffer a future financial loss. This can be accomplished by submitting your pay stubs or expense receipts.

Insurance companies are often trying to avoid paying the total amount of damages they are legally required to pay. A personal injury lawyer who is experienced will ensure that you receive all the compensation you are entitled to. Contact Dennis and King today to set up an appointment for a no-cost consultation. We can assist you with the full range of non-economic and financial damages following an New York car des moines accident lawyer or other personal injury accident.