Types of Accident Compensation

This kind of compensation typically covers medical expenses, such as prescription medications and devices, physical therapy, and even surgery. The compensation could also cover future earnings potential.

This type of compensation can be described as "general damages." It can be difficult to determine the value of these damages since insurers have different methods of calculation.

Economic Damages

Economic damages are the tangible and measurable costs associated with an sullivan accident law firm. These include out-of-pocket expenses for lost wages due to missed work, property damage costs and the potential for future financial losses due to disability or injury. The courts and juries usually determine these costs using documentation like pharmacy receipts, hospital bills and estimates for repairs to vehicles.

These are the immediate expenses of a crash, and are easy to prove. They often include medical expenses, such as the initial hospital stay, and all subsequent treatment and care. They could also include the cost of repairing a damaged vehicle or other property items such as household and clothing goods. These expenses could also include the cost of hiring a third party to do housework or drive your children to school or any other extracurricular events.

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 the lost productivity during your recovery as well as sick days or vacation leaves. In some instances you could even receive compensation for the loss of your future earning potential If your injury hinders you from returning to your former job or hinders you from earning the same amount in the future.

While these expenses are easy to quantify, some of the other damages you could assert are less clear. Non-economic damages are more difficult to quantify, and include things like discomfort and pain or disfigurement, as well as loss of enjoyment.

What can you prove to prove these Damages?

While a few of the expenses in these categories are fairly easy to prove with paperwork and receipts However, some expenses will require expert testimony. For example, in cases where an accident leads to an extensive spinal cord injury that leaves a victim partially paralyzed, it might be necessary to speak with an occupational expert to determine the full impact of the injury. This will assist the jury or court to make a precise determination of the full extent of personal and financial impacts will be.

The most complicated economic losses are those that relate to future medical expenses as well as lost earnings. It may be possible to document these costs by utilizing a medical professional's estimate of when you'll reach the point of maximum medical improvement or the time when your recovery will likely be over. However, you'll need to prove your financial loss by providing pay stubs, expense receipts and other proof of your past and present income.

Insurance companies try to avoid paying the total amount of the damages they have to pay legally. A personal injury lawyer who is skilled will ensure you receive all the compensation you are entitled to. Dennis and King can schedule a no-cost consultation. We can help you seek the full range of non-economic and financial damages after a New York car Litchfield Accident attorney or other personal injury incident.