Types of Accident Compensation

This type of compensation usually covers medical expenses, including prescription drugs, devices, physical therapy, and even surgery. This compensation may also be used to cover future earnings.

This type of payment can be referred to as "general damages." However, determining the value of these damages is difficult as insurers use different methods of calculation.

Economic Damages

Economic damages are the tangible and measurable expenses resulting from an accident. They include out-of-pocket expenses like lost wages and property damage costs and financial losses that will come from the injury or disability. The courts and juries usually determine these costs based on documentation such as pharmacy receipts, hospital bills and vehicle repair estimates.

They are fairly easy to prove and are among the most immediate expenses incurred by a crash. They usually include medical expenses for the initial hospitalization and all subsequent treatment and care. These expenses may also include the cost to repair damaged vehicles and other items of property, like clothes and household goods. The cost of hiring someone to do chores around the house or take children to and from school, or extracurricular activities could be included also.

Loss of earnings is another important type of economic loss. They include not just missed earnings from the time you were required to stay home from work due to injuries, but they could be a factor in the loss of productivity in recovering, as well as any use of vacation or sick leave. In some cases you can recover compensation in the event of a loss of future earning capacity. This is the case in the event that you cannot return to your previous job or earn the same amount.

While these expenses are evident and easily quantifiable, many of the other damages you could claim are less so. These non-economic damages can be more difficult to quantify and may include things like pain and suffering, disfigurement, and loss of enjoyment.

How can you prove these Damages?

While some of the expenses in these categories are fairly easy to prove with receipts and documents However, some expenses will require expert testimony. In the event that an Santa Monica Accident Lawsuit causes severe spinal injury that renders the victim partially paralyzed, it might be necessary to consult an occupational specialist to determine the impact of the injury on the victim. This will help the court or jury determine with certainty the full scope of personal and financial consequences will be.

The most complicated types of economic damages are those relating to future medical expenses and lost earnings. You may be able to document these costs by using a medical professional's estimation of your maximum improvement in your medical condition or when your recovery is likely to end. You must prove that you are likely to suffer a future financial loss. This can be accomplished by making a submission of your pay stubs and expense receipts.

Insurance companies try to keep from paying as much damages as they are legally required to. A personal injury lawyer who is skilled can ensure you receive all the compensatory damages you are entitled to. Dennis and King will schedule a no-cost consultation. We can assist you in recovering all of your financial as well as other damages following an New York auto jacksonville accident lawyer or personal injury incident.