Types of Accident Compensation

This type of compensation typically covers medical expenses, including prescription medications and devices, physical therapy, and even surgery. This compensation may also cover future earnings potential.

This kind 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 and quantifiable expenses resulting from an carol stream accident attorney. These are expenses that are out of pocket including lost wages as well as property damage costs and financial losses that will come from the injury or disability. These costs are figured by juries and courts based on documents such as hospital bills, pharmacy receipts, and estimates for vehicle repairs.

These are the immediate expenses of a crash and are simple to prove. They include medical costs, like the initial hospital stay and all subsequent care and treatment. These expenses can also include the cost to repair damaged cars or other items of property, like clothes and household products. The cost of hiring someone to perform chores around the house or to transport children to and from school or extracurricular activities could be included in these costs as well.

Lost wages are another common and important type of economic damages. This is not just the income you lost due to your injuries but also any productivity loss during your recovery as well as vacation or sick days. In some instances you can recover compensation for the loss of future earnings capacity. This is the situation in the event that you cannot return to your former career or earn the same amount.

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

How can you prove these Damages?

While some of the costs in these categories are easy to prove with paperwork and receipts However, some expenses will require expert testimony. For instance, in cases where an accident causes an extremely severe spinal cord injury that leaves the victim partially paralyzed, it might be necessary to speak with an occupational specialist to assess the full impact of the injury. This can aid the jury or the court determine the true extent of your financial and personal impact.

The most complicated economic damages are those that relate to future medical expenses and loss of earnings. It is possible to document these costs using a medical professional's estimate of when you will reach maximum medical improvement, or when your recovery will likely end. But, you'll need to prove your financial loss by submitting pay invoices, stubs as well as other proof of your current and past income.

Insurance companies try to avoid paying the entire amount of damages they must legally pay. A personal injury lawyer who is experienced will ensure that you receive all the compensation damages you are entitled to. Contact Dennis and King today to set up an appointment at no cost. We can help you recover all of your economic and other damages resulting from a New York auto st Michael accident Attorney or personal injury.