Types of Accident Compensation

Typically, this form of compensation is used to pay for medical expenses such as prescription devices and drugs as well as physical therapy and surgery. It can also cover the loss of future earnings potential.

This type of payment can be described as "general damages." It can be challenging to determine the amount of these damages because insurers employ different methods of calculation.

Economic Damages

Economic damages are the tangible and measurable cost of 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 disability or injury. These costs are figured by juries and courts based on documents like hospital bills, pharmacy receipts, and estimates for vehicle repairs.

They are fairly easy to prove and are among the most immediate costs associated with an accident. They often include medical expenses like the initial hospitalization and all follow-up care and treatment. They can also include the cost of repairing a damaged vehicle or other property items, such as household and clothing items. They could also include the cost of hiring someone else to assist with household chores or transport your children to school or other extracurricular activities.

Lost wages are a different and important category of economic damages. This includes not just your lost wages due to the fact that you had to stay home from work due to injuries, but they may also include the loss of productivity during recovery and any use of vacation or sick days. In some instances you may even be able to claim compensation for the loss of your potential earnings in the event that your injury prevents you from returning to your former career or prevents you from earning the same amount in the future.

While these costs are relatively easy to quantify, some of the other damages you may claim are not as clear. These non-economic damages can be more difficult to quantify and may include things like pain and suffering, disfigurement and loss of enjoyment.

What can you do to prove the damage?

Certain expenses can be proven by submitting receipts and documents however, some expenses may require expert testimony. For example, in cases where an maryville accident attorney leads to an extremely severe spinal cord injury that renders a person partially paralyzed or disabled, it could be necessary to consult an occupational expert to determine the full impact of the injury. This can assist the court or jury determine the true extent of your financial and personal impact.

The most complicated economic losses are those that involve future medical expenses and loss of earnings. It may be possible to document these expenses by using a medical professional's assessment of when you'll achieve the east Point accident attorney of maximum medical improvement or when your recovery is likely be over. However, you'll have to prove your future financial loss by submitting pay bills, expense receipts and other proof of your present and previous income.

Insurance companies try to not pay as much damages as they are required to. A knowledgeable personal injury lawyer will ensure that you receive all the compensation to which you are entitled. Dennis and King will be able to schedule a free consultation. We can assist you in recovering all of your financial and other damages after an New York auto accident or personal injury.