Types of Accident Compensation

This type of compensation typically covers medical expenses, including prescription medications or devices, physical therapy and even surgery. It can also cover the loss of future earnings.

This type of compensation is sometimes referred to "general damages." It isn't always easy to determine the value of these damages due to the fact that insurers employ different methods of calculation.

Economic Damages

Economic damages are the tangible, quantifiable costs that result from an Eatonton Accident Attorney (Vimeo.Com). These include out-of-pocket expenses including lost wages as well as property damage costs and financial losses that will come from the disability or injury. The courts and juries usually determine these costs using documentation like hospital bills, pharmacy receipts and vehicle repair estimates.

These expenses are relatively simple to prove and are the most immediate costs associated with the event of a crash. They cover medical expenses, such as the first hospital stay, and any subsequent treatment and care. These expenses can also comprise the cost of repairing damaged vehicles and other property items, like clothes and household items. The cost of hiring a person to do chores around the house or to transport children to and from school, or extracurricular activities could be included, as well.

Lost wages are another common and significant category of economic damages. This is not just the income you lost because of your injuries but also the lost productivity during your recovery as well as sick days or vacation leaves. In some instances you could even receive compensation for the loss of your future earning potential If your injury hinders you from returning to your previous job or stops you from earning the same amount in the future.

These costs are fairly clear and quantifiable. However, other damages that you can claim are less so. These non-economic damages are often more difficult to quantify, and could include things like pain and suffering, disfigurement and loss of enjoyment of life.

How Can You Prove These Damages?

While some of the expenses in these categories are easy to prove with receipts and documents However, some expenses will require expert testimony. For instance, in the event where an accident causes serious spinal cord injuries which leaves a victim partially paralyzed, it might be necessary to consult with an occupational expert to determine the full impact of the injury. This will help the court or jury determine with certainty what your total financial and personal impacts will be.

The most complex types of economic damages are those relating to future medical expenses and lost earnings. It is possible to document these costs by utilizing a medical professional's estimate of when you will reach maximum medical improvement, or the time when your recovery will likely be over. You must prove that you will suffer a future financial loss. This can be done by providing your pay stubs or expense receipts.

Insurance companies will attempt to avoid paying the full amount of damages that they are legally obliged to pay. A personal injury lawyer with experience can ensure you receive all the compensation damages you are entitled to. Dennis and King will schedule a no-cost consultation. We can help you pursue all of your non-economic and economic damages following a New York car seven hills accident attorney or other personal injury incident.