Types of Accident Compensation

This type of compensation typically covers medical expenses, including prescription medications or devices, physical therapy, and surgeries. The compensation could also cover future earnings potential.

This type of payment can be referred to as "general damages." However, determining the value of these damages can be difficult since insurers employ different methods of calculation.

Economic Damages

Economic damages are the tangible and measurable costs resulting from an accident lawsuit law firms (click here now). These include out-of-pocket expenses as well as the loss resulting from a missed work damages to property and the potential for future financial losses due to the disability or injury. Juries and courts usually calculate these costs using documentation like hospital bills, pharmacy receipts and estimates for repairs to vehicles.

These are the immediate expenses of a crash, and are simple to prove. They often include medical expenses for the initial hospitalization and all subsequent care and treatment. These expenses can also include the cost of repairing a damaged car or other items of property, including household and clothing products. The cost of hiring a person to do chores around the home or transport children to and from school or extracurricular activities can be included as well.

The loss of wages is an additional important type of economic damage. This is not just the wages you have missed due to your injuries, but also any productivity loss during your recovery, as well as any sick days or vacation leaves. In certain cases you may even be able to claim compensation for the loss of your potential earnings when your injury stops you from returning to your former career or Accident law firms prevents you from earning the same amount in the future.

While these expenses are easy to quantify, some of the other damages that you can claim are not as clear. These non-economic damages are sometimes more difficult to quantify and can include things like pain and suffering, disfigurement and loss of enjoyment.

What can you do to prove the damage?

Some expenses can be proved with receipts and paperwork Some expenses can be proven with receipts and paperwork, while others require expert testimony. For instance, in the event when an accident results in a severe spinal cord injury that leaves the victim partially paralyzed, then it could be necessary to consult with an occupational expert to determine the full impact of the injury. This can assist the court or jury determine the exact extent of your personal and financial impact.

The most complicated kinds of economic losses are those that involve future medical expenses and lost earnings. You may be able to prove these expenses by using a medical professional's estimation of your maximum medical improvement or when your recovery is expected to be over. You must prove that you'll suffer a future financial loss. This can be accomplished by sending in your pay stubs, or expense receipts.

Insurance companies will attempt to avoid paying the total amount of damages they must legally pay. A seasoned personal injury lawyer can make sure that you receive the compensation damages to which are entitled. Contact Dennis and King today to schedule an appointment for a no-cost consultation. We can help you pursue the full spectrum of your non-economic and economic damages after a New York car accident law firm or other personal injury accident.