Types of Accident Compensation

Typically, this form of compensation covers medical expenses like prescription drugs and accident devices including physical therapy and surgery. This compensation may also be used to cover future earnings.

This type of compensation is commonly referred to as "general damages." It can be difficult to determine the value of these damages due to the fact that insurers employ different methods of calculation.

Economic Damages

Economic damages are the tangible, measurable expenses that result from an accident. They include out-of-pocket expenses for lost wages due to missed work as well as property damage costs. future financial losses that are expected due to the injury or disability. The courts and juries usually determine these costs by using documents like hospital bills, pharmacy receipts and estimates for vehicle repairs.

These costs are fairly simple to prove and are the most immediate costs associated with a crash. They typically include medical expenses including the initial hospital stay, and all follow-up care and treatment. They may also include the cost of repairing or replacing a damaged vehicle or other property items, such as household and clothing products. These costs can also include the cost of hiring someone else to take care of household chores or driving your children to school or any other extracurricular activities.

Loss of earnings is another important aspect of economic damages. This includes not only the wages you missed because of your injuries but also any productivity loss during your recovery and any vacation or sick days. In certain cases, you can even recover compensation for the loss of your future earning potential when your injury stops you from returning to your former job or stops you from earning the same amount in the future.

These costs are quite clear and measurable. However, other damages that you can claim are less obvious. These damages that are not economic can be more difficult to quantify and include things like discomfort and pain disfigurement, the loss of enjoyment.

How can you show these damages?

Certain expenses can be established with receipts and paperwork However, others might require expert testimony. In the event that an accident results in a severe spinal injury that leaves the victim partially paralyzed, it could be necessary to consult an occupational specialist to determine the impact of the injury on the victim. This will help the jury or court determine the true extent of your personal and financial impact.

The most complicated types of economic losses are those that relate to future medical expenses and lost earnings. You might be able to record these expenses using a medical professional’s estimate of your greatest medical improvement or when your recovery is likely to be over. You'll need to show that you will suffer a future financial loss. This can be accomplished by sending in your pay stubs, or expense receipts.

Insurance companies try to avoid paying the entire amount of damages they have to pay legally. A skilled personal injury lawyer will ensure that you receive the compensation damages to which you are entitled. Contact Dennis and King today to schedule an appointment at no cost. We can help you pursue all of non-economic and financial injuries resulting from an New York car south gate accident lawsuit or any other personal injury or accident.