Types of Accident Compensation

This type of compensation usually covers medical expenses, such as prescription medications or devices, physical therapy and surgeries. This compensation may also be used to cover future earnings.

This kind of compensation is usually referred to as "general damages." It can be difficult to determine the amount of these damages since insurers have different methods of calculation.

Economic Damages

Economic damages are the tangible and quantifiable costs resulting from an accident. These are expenses that are out of pocket like lost wages and property damage costs and financial losses that will come from the disability or injury. Courts and juries usually calculate these costs using documents such as hospital bills, pharmacy receipts and estimates for repairs to vehicles.

These are the immediate expenses of a crash, and are easy to prove. They usually include medical expenses for the initial hospitalization and all subsequent care and treatment. They could also include the cost of repairing or replacing a damaged vehicle or other property items, such as household and clothing goods. The cost of hiring a person to do chores around the home or to transport children to and from school or other activities may be included also.

Lost wages are another frequent and important category of economic damages. These include not just missing wages from the time you were required to stay home from work because of your injuries, but they can be a factor in lost productivity while recovering as well as any use of vacation days or sick days. In certain cases there is a possibility of recovering compensation in the event of a loss of future earning capacity. This is the case when you are unable to return to your former career or earn the same amount.

While these costs are easy to quantify, some of the other damages you could claim are less so. These non-economic damages are more difficult to quantify, and include things like discomfort and pain disfigurement, loss of enjoyment.

What can you prove to prove these Damages?

While some of the costs within these categories are straightforward and can be substantiated by submitting receipts and papers, other expenses may require expert testimony. If an fairview accident lawyer causes a severe spinal injury that causes the victim to be partially paralyzed it may be required to consult with an occupational expert to determine the impact of the injury on the victim. This can aid the jury or the court determine with certainty the full scope of financial and personal impacts will be.

The most complicated forms of economic losses are those that concern future medical expenses and lost earnings. It is possible to prove these expenses by using a medical professional’s estimate of your maximum medical improvement or when your recovery is likely to be over. You'll need to show that you will suffer a future financial loss. This can be done by providing your pay stubs or expense receipts.

Insurance companies try to avoid paying as much damages as they are obligated to. A competent personal injury lawyer can make sure that you receive all compensatory damages to which you are entitled. Dennis and King can set up a free consultation. We can help you pursue the full spectrum of economic and non-economic injuries resulting from a New York car olympia Fields Accident law firm or any other personal injury or accident.