Types of Accident Compensation

Typically, this type compensation covers medical expenses like prescription devices and drugs, physical therapy and surgery. This type of compensation can include future earnings potential.

This type of compensation may be referred to as "general damages." However, determining the amount of these damages is difficult as insurers use different methods of calculation.

Economic Damages

Economic damages are the tangible and quantifiable costs associated with an accident. These include out-of-pocket expenses, losses from missed work damages to property and future financial losses attributed to the injury or disability. The courts and juries usually determine these costs by using documents like pharmacy receipts, hospital bills and estimates for repairs to vehicles.

These costs are fairly simple to prove and are among the most immediate costs associated with a crash. They cover medical expenses such as the first hospitalization and any subsequent treatment and care. These expenses can also include the cost to repair damaged vehicles and other items of property, like clothes and household products. The cost of hiring someone to do chores around the home or drive children to and from school or extracurricular activities can be included in these costs, as well.

Loss of wages is another important aspect of economic damages. This includes not only the income you lost due to your injuries, but also any loss of productivity while you recover, and any vacation or sick days. In some instances it is possible to recover compensation in the event of a loss of future earnings capacity. This is the case when you are unable to return to your former career or earn the same amount.

The costs are pretty clear and quantifiable. However, other damages that you are able to claim could be more difficult to prove. 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 do you demonstrate these damages?

Some expenses can be proved through receipts or paperwork However, others might require expert testimony. When an greenfield accident attorney results in a severe spinal injury that leaves the victim partially paralyzed, it might be necessary to consult an occupational expert to determine how the injury will affect the victim. This will help the court or jury determine with certainty what your full range of personal and financial implications will be.

The most complex economic losses are those relating to future medical expenses and Vimeo lost earnings. You may be able record these expenses using a medical professional's estimate of your maximum medical improvement or when your recovery is likely to be over. However, you'll need to prove your financial loss by submitting pay invoices, stubs as well as other proof of your current and past income.

Insurance companies are trying to not pay as much damages as they are legally required to. A personal injury lawyer who is experienced will ensure you receive all of the compensatory damages you are entitled to. Contact Dennis and King today to set up an appointment for a no-cost consultation. We can assist you with all of non-economic and financial damages following a New York car accident or any other personal injury or accident.