Types of Accident Compensation

Typically, this kind of compensation covers medical expenses like prescription drugs and devices as well as physical therapy and surgery. This type of compensation can include future earnings potential.

This type of compensation is sometimes referred to "general damages." However, determining the value of these damages is complicated because insurers use different calculation methods.

Economic Damages

Economic damages are the tangible and quantifiable costs resulting from an accident lawyer. These include out-of-pocket expenses as well as the loss resulting from a missed work cost for property damage, and future financial losses attributed to disability or injury. These costs are calculated by juries and courts based on documents such as hospital bills, pharmacy receipts and estimates of repairs to the vehicle.

These costs are fairly simple to prove and are among the most immediate expenses that are incurred in a crash. They include medical costs, accident such as the first hospital stay and all subsequent care and treatment. They may also include the cost of repairing or replacing a damaged vehicle or other property items, including household and clothing goods. The cost of hiring someone to do chores around the house or to transport children to and from school, or extracurricular activities can be included in these costs as well.

Loss of wages is another common and important type of economic damages. They include not just missed earnings from the time you were required to stay home from work due to your injuries, but they may include the loss of productivity in recovering, as well as any use of vacation or sick leave. In some instances you can also claim compensation for the loss of your earning potential in the future if your injury prevents you from returning to your former job or stops you from earning the same amount in the future.

The costs are pretty clear and quantifiable. However, other damages that you are able to claim could be less obvious. These non-economic damages are sometimes more difficult to quantify and can include things like pain and suffering, disfigurement, and loss of enjoyment of life.

How Do You Prove These Damages?

Certain expenses can be established through receipts or paperwork However, others might require expert testimony. When an accident results in a severe spinal injury that renders the victim partially paralyzed, then it is required to consult with an occupational specialist to determine the impact of the injury on the victim. This can help the court or jury make an accurate determination of the full extent of personal and financial implications will be.

The most complicated economic damages are those that involve future medical expenses as well as lost earnings. It may be possible to document these expenses by using a medical professional's assessment of when you will achieve the point of maximum medical improvement or when your recovery is likely to come to an end. You'll need to show that you'll suffer a future financial loss. This can be done by submitting your pay stubs or expense receipts.

Insurance companies will try to avoid paying the total amount of damages they are legally required to pay. A skilled personal injury lawyer will ensure that you receive all compensatory damages to which you are entitled. Dennis and King can set up a free consultation. We can help you seek all of your non-economic and economic damages after an New York car louisiana accident attorney or other personal injury incident.