Types of Accident Compensation

Typically, this type compensation covers medical bills including prescription devices and Somerville Accident Lawsuit drugs including physical therapy and surgery. It may also cover the loss of future earnings.

This type of compensation may be referred to as "general damages." However, determining the amount of these damages can be complicated because insurers use different methods of calculation.

Economic Damages

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

These costs are fairly simple to prove and are the most immediate expenses incurred by the event of a crash. They cover medical expenses like the initial hospitalization and any subsequent care and treatment. These costs can also include the cost to repair a damaged car or other items of property, including household and clothing products. The cost of hiring a person to do chores around the house or drive children to and from school, or extracurricular activities can be included in these costs and more.

Lost wages are another frequent and important type of economic damages. This includes not only the wages you missed due to your injuries but also any productivity loss during your recovery and any vacation or sick days. In certain cases it is possible to recover compensation for the loss of future earning capacity. This is the situation in the event that you cannot return to your previous career or earn the equivalent amount.

These costs are easily identifiable and quantifiable. However, other damages that you could claim are less so. These non-economic damages are sometimes more difficult to quantify, and could include things like pain and suffering, disfigurement and loss of enjoyment.

How do you demonstrate these damages?

While a few of the expenses within these categories are simple and can be proved by submitting receipts and papers Certain expenses may require expert testimony. For example, in cases that an accident causes an extensive spinal cord injury that leaves the victim partially paralyzed or disabled, it could be necessary to speak with an occupational specialist to determine the full impact of the injury. This can help the court or jury make an accurate determination of what your total personal and financial impacts will be.

The most complicated types of economic damages are those that involve future medical expenses and lost earnings. You might be able to prove these expenses by using a medical professional’s estimate of your maximum improvement in your medical condition or when your recovery is expected to be over. However, you will need to prove your financial loss by submitting pay stubs, expense receipts and other evidence of your present and previous income.

Insurance companies attempt to avoid paying as much damages as they are required to. A knowledgeable personal injury lawyer can ensure that you get all compensation damages to which are entitled. Dennis and King can schedule a no-cost consultation. We can help you recover all of your financial and other damages after a New York auto accident law firm or personal injury somerville accident lawsuit.