Types of Accident Compensation

This kind of compensation typically includes medical expenses, which include prescription drugs or devices, physical therapy, and surgery. It may also cover the loss of future earning potential.

This type of compensation is often called "general damages." However, Vimeo determining the value of these damages can be difficult as insurers use different methods of calculation.

Economic Damages

Economic damages are the tangible, quantifiable costs that result from an accident. These include expenses out of pocket for lost wages due to missed work, property damage costs and the potential for future financial losses due to disability or injury. These costs are estimated by juries and accident courts using documents such as hospital bills, pharmacy receipts and estimates of repairs to the vehicle.

These are the direct costs of a crash and are easy to prove. They typically include medical expenses including the initial hospital stay, and any follow-up treatment and care. They can also comprise the cost of repairing damaged cars or other items of property, such as clothing and household goods. The cost of hiring someone to perform chores around the home or to transport children to and from school, or extracurricular activities could be included in these expenses as well.

Loss of wages is another common and significant category of economic damages. This is not just the income you lost because of your injuries but also any lost productivity while you recover, and any sick days or vacation leaves. In some instances you can also claim compensation for the loss of your potential earnings in the event that your injury prevents you from returning to your previous career or prevents you from earning the same amount in the future.

While these costs are transparent and quantifiable, some of the other damages you could claim are not as clear. These non-economic damages are more difficult to quantify, and include things like pain and discomfort disfigurement, loss of enjoyment.

How do you show these damages?

While some of the costs in these categories are fairly simple and can be proved with receipts and documents However, some expenses will require expert testimony. For instance, in the event that an accident causes an extremely severe spinal cord injury that leaves a victim partially paralyzed, it might be necessary to consult an occupational specialist to assess the full impact of the injury. This can assist the court or jury to make a precise assessment of your personal and financial impact.

The most complex economic damages are those that involve future medical expenses and lost earnings. It is possible to document these expenses by using a medical professional's assessment of when you'll reach maximum medical improvement, or when your recovery is likely to end. However, you'll have to prove your financial loss by submitting pay invoices, stubs and Vimeo other evidence of your current and previous income.

Insurance companies try to not pay as much damages as they are legally required to. A personal injury lawyer with experience can ensure that you get all the compensation damages you are entitled to. Contact Dennis and King today to schedule an initial consultation for free. We can assist you in recovering all of your financial and other damages resulting from an New York auto accident or personal injury.