Types of Accident Compensation

This kind of compensation typically covers medical costs, including prescription medications, devices, physical therapy, and surgeries. It can also cover the loss of future earning potential.

This kind of compensation is usually referred to as "general damages." It isn't always easy to determine the value of these damages as insurers use different methods for calculation.

Economic Damages

Economic damages are the tangible and quantifiable costs resulting from an accident. These include out-of pocket expenses for lost wages due to missed work, property damage costs and future financial losses that are expected due to disability or injury. Courts and juries typically calculate these costs using documents such as pharmacy receipts, hospital bills and estimates for repairs to vehicles.

These are the direct costs of a crash and are simple to prove. They often include medical expenses including the initial hospitalization and any follow-up treatment and care. These costs can also include the cost of repairing damaged vehicles and other items of property such as clothing and household products. These expenses can also include the cost of hiring someone else to help with housework or driving your children to school or extracurricular activities.

Lost wages are another frequent and significant category of economic damages. They include not just lost wages due to the fact that you were unable to work from work due to your injuries, but they can also include lost productivity while recovering and any vacation or sick leave. In some instances you can recover compensation in the event of a loss of future earning capacity. This is the case in the event that you are not able to resume your previous work or earn the same amount.

While these costs are relatively easy to quantify, some of the other damages you could claim are less clear. These non-economic damages can be more difficult to quantify, and could include things like pain and suffering, disfigurement or loss of enjoyment of life.

How can you demonstrate these damages?

While some of the costs in these categories are straightforward and can be proven by submitting receipts and papers However, some expenses will require expert testimony. If an punta gorda accident attorney causes a severe spinal injury that causes the victim to be partially paralyzed, it might be necessary to consult an occupational expert to determine the impact of the injury on the victim. This can help the jury or court make an accurate assessment of your financial and personal impact.

The most complex economic losses are those that involve future medical expenses as well as lost earnings. It is possible to document these expenses by utilizing a medical professional's estimate of when you'll reach the point of maximum medical improvement or when your recovery will likely come to an end. But, you'll need to prove your future financial loss by submitting pay stubs, expense receipts and other evidence of your current and past income.

Insurance companies will attempt to avoid paying the total amount of damages they must legally pay. A skilled personal injury lawyer will ensure that you receive the compensation damages to which are entitled. Contact Dennis and King today to set up a free consultation. We can assist you in pursuing all of economic and non-economic damage resulting from a New York car accident or other personal injury junction city accident Law firm.