Types of Accident Compensation

This type of compensation typically covers medical expenses, including prescription medications or devices, physical therapy and surgeries. This compensation may also be used to pay for future earnings.

This type of compensation is sometimes referred to "general damages." However, determining the amount of these damages is complicated because insurers use different methods of calculation.

Economic Damages

Economic damages are the tangible, quantifiable costs that result from an accident. These include out-of pocket expenses for lost wages due to missed work damages to property and future financial losses that are expected due to the injury or disability. These costs are determined by juries and courts using documents such as hospital bills, pharmacy receipts, as well as vehicle repair estimates.

These costs are relatively easy to prove and are the most immediate expenses that are incurred in an north lauderdale accident lawyer. They include medical expenses, such as the first hospital stay, and any subsequent treatment and vimeo care. They can also include the cost of repairing a damaged vehicle or other property items, such as clothing and household items. These expenses can also include the cost of hiring a third party to assist with household chores or transport your children to school or other events.

Loss of earnings is another important aspect of economic damages. These include not only your missed wages from the time you had to stay home from work because of injuries, but they could also take into account the loss of productivity in recovering, as well as any use of vacation days or sick days. In some instances there is a possibility of recovering compensation for the loss of future earning capacity. This is the situation when you are unable to return to your previous job or earn the equivalent amount.

The costs are pretty clear and quantifiable. However, other damages that you are able to claim could be less clear. These non-economic damages are sometimes more difficult to quantify, and could include things like pain and suffering, disfigurement or loss of enjoyment.

What can you prove to prove these Damages?

Certain expenses can be substantiated through receipts or paperwork Some expenses can be proven with receipts and paperwork, while others require expert testimony. For instance, in situations that an accident causes an extremely severe spinal cord injury which leaves a victim partially paralyzed or disabled, it could be necessary to speak with an occupational specialist to assess the full impact of the injury. This will help the court or jury to make a precise determination of what your full range of personal and financial consequences will be.

The most complicated economic damages are those relating to future medical expenses as well as lost earnings. You may be able to record these expenses using a medical professional’s estimate of your maximum improvement in your medical condition or when your recovery is likely to be over. You will need to prove that you will suffer a future financial loss. This can be accomplished by providing your pay stubs or expense receipts.

Insurance companies will attempt to avoid paying the entire amount of damages they have to pay legally. A personal injury lawyer with experience will ensure that you receive all of the compensatory damages you are entitled to. Dennis and King can set up a free consultation. We can assist you with the full range of economic and non-economic damages after a New York car accident or any other personal injury or beloit accident lawsuit.