Types of Accident Compensation

Typically, this type compensation covers medical bills including prescription devices and drugs including physical therapy and surgery. It could also cover the loss of future earnings potential.

This kind of compensation could 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, quantifiable costs that result from an Braselton Accident Lawyer. These include out-of pocket expenses such as lost wages damages to property, and financial losses that will come from the disability or injury. Courts and juries typically calculate these costs based on documentation such as pharmacy receipts, hospital bills and estimates for vehicle repairs.

These expenses are relatively simple to prove and are among the most immediate expenses associated with the event of a crash. They include medical expenses, like the initial hospitalization, as well as any subsequent treatment and care. They could also include the cost of repairs to a damaged vehicle or other property items, such as clothing and household items. These expenses can also include the cost of hiring a person to do housework or drive your children to school or any other extracurricular events.

Loss of earnings is another important aspect of economic damages. This includes not just your missing wages from the time you were forced to stay home from work due to injuries, but they may be a factor in the loss of productivity in recovering, as well as any sick days or vacation leave. In certain cases, compensation can be recovered in the event of a loss of future earning capacity. This is the situation when you are unable to return to your former career or earn the equivalent amount.

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

How can you show these damages?

While some of the costs within these categories are straightforward and can be substantiated with paperwork and receipts However, some expenses will require expert testimony. For instance, in cases where an newport accident lawyer leads to an extensive spinal cord injury which leaves a victim partially paralyzed, it might be necessary to speak with an occupational specialist to determine the full impact of the injury. This can aid the jury or the court to make a precise determination of the full extent of personal and financial implications will be.

The most complex economic damages are those relating to future medical costs and lost earnings. You may be able to document these costs by using a medical professional’s estimate of your best medical improvement or when your recovery is likely to end. You will need to prove that you'll suffer a future financial loss. This can be accomplished by providing your pay stubs or expense receipts.

Insurance companies attempt to not pay as much damages as they are obligated to. A personal injury lawyer with experience can ensure you receive all the compensatory damages you are entitled to. Dennis and King can set up a free consultation. We can help you pursue all of non-economic and financial damages after an New York car accident or another personal injury event.