Types of Accident Compensation

This type of compensation typically includes medical expenses, which include prescription medications, devices, physical therapy and surgery. It could also cover the loss of future earnings potential.

This kind of compensation could be described as "general damages." However, determining the amount of these damages is difficult as insurers use different methods of calculation.

Economic Damages

Economic damages are the tangible, measurable costs that result from an Meridian Accident Law Firm. These include out-of pocket expenses including lost wages, property damage costs, and future financial losses resulting from the injury or disability. The courts and accident law firm juries usually determine these costs by using documents like pharmacy receipts, hospital bills and estimates of vehicle repairs.

These costs are relatively easy to prove and are the most immediate expenses associated with a crash. They include medical expenses, such as the first hospitalization and any subsequent treatment and care. These expenses may also include the cost of repairing damaged vehicles and other items of property such as clothes and household products. These expenses can also include the cost of hiring a person to do housework or drive your children to school or other events.

Lost wages are another common and significant category of economic damages. They include not just missing wages from the time you were forced to stay home from work due to injuries, but they could also take into account the loss of productivity during recovery and any use of vacation days or sick days. In some cases you can also claim compensation for the loss of your potential earnings If your injury hinders you from returning to your previous job or prevents you from earning the same amount in the future.

While these costs are evident and easily quantifiable, many of the other damages that you can assert are less clear. These non-economic damages can be more difficult to quantify and include things like discomfort and pain disfigurement, the loss of enjoyment.

What can you do to prove the damage?

While some of the expenses in these categories are fairly easy to prove by receipts and paperwork, other expenses may require expert testimony. In the event that an accident results in a severe spinal injury that leaves the victim partially paralyzed, then it is required to consult with 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 the full scope of personal and financial impacts will be.

The most complex economic losses are those related to future medical expenses and lost earnings. You might be able to document these costs using a medical professional’s estimation of your greatest medical improvement or when your recovery is likely to be over. But, you'll need to prove your financial loss by providing pay bills, expense receipts and other proof of your current and previous income.

Insurance companies try to avoid paying the total amount of the damages they are legally required to pay. A personal injury lawyer who has the right experience can ensure you receive all of the compensatory damages you are entitled to. Dennis and King can schedule a no-cost consultation. We can help you recover all of your economic and other damages after the occurrence of a New York auto sunnyvale accident law firm or personal injury.