Types of Accident Compensation

Typically, this kind of payment covers medical expenses, such as prescription devices and drugs including physical therapy and surgery. It may also cover the loss of future earnings potential.

This type of compensation can be referred to as "general damages." It isn't always easy to determine the amount of these damages as insurers use different methods for calculation.

Economic Damages

Economic damages are the tangible, measurable expenses that result from an accident attorney. They include out-of-pocket expenses such as lost wages and property damage costs and Accident Law Firms future financial losses resulting from the injury or disability. These costs are figured by juries and courts using documents like hospital bills, pharmacy receipts, and vehicle repair estimates.

These expenses are relatively simple to prove and are the most immediate expenses that are incurred in a crash. They typically include medical expenses for the initial hospitalization and all subsequent treatment and care. They can also include the cost of fixing damaged vehicles and other items of property like clothes and household goods. These costs can also include the cost of hiring someone else to help with housework or driving your children to school or any other extracurricular events.

The loss of wages is an additional important type of economic damage. This is not just the lost wages due to your injuries, but also any productivity loss during your recovery as well as sick days or vacation leaves. In some instances you may even be able to claim compensation for the loss of your potential earnings if your injury prevents you from returning to your previous job or stops you from earning the same amount in the future.

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

How can you prove the damage?

Certain expenses can be established with receipts and paperwork However, others might require expert testimony. If an accident causes a severe spinal injury that leaves the victim partially paralyzed it may be necessary to consult an occupational expert to determine the impact of the injury on the victim. This can aid the jury or the court to make a precise determination of what your total personal and financial implications will be.

The most complicated economic damages are those that involve future medical expenses and loss of earnings. It may be possible to document these expenses by using a medical professional's assessment of when you'll achieve the point of maximum medical improvement or when your recovery is likely come to an end. However, you will need to prove your financial loss by submitting pay invoices, stubs and other proof of your current and past income.

Insurance companies attempt to avoid paying as much damages as they are required to. A personal injury lawyer who has the right experience can ensure that you get all the compensatory damages you are entitled to. Contact Dennis and King today to schedule a free consultation. We can assist you with the full spectrum of non-economic and financial damage resulting from an New York car accident or other personal injury accident law firms, understanding,.