Types of Accident Compensation

Typically, this type compensation covers medical bills including prescription drugs and devices including physical therapy and surgery. The compensation could also cover future earnings potential.

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

Economic Damages

Economic damages are the tangible and Accident Law Firms quantifiable cost of an accident. These include expenses out of pocket for lost wages due to missed work as well as property damage costs. future anticipated financial losses due to disability or injury. These costs are figured by juries and courts using documents such as 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 including the initial hospital stay, and all subsequent care and treatment. They may also include the cost of a damaged vehicle or other property items, including household and clothing items. The cost of hiring someone to perform chores around the home or to transport children to and from school or extracurricular activities can be included in these expenses as well.

The loss of wages is an additional important type of economic damage. They include not just missed wages from the time you were unable to work from work because of injuries, but be a factor in lost productivity while recovering as well as any use of vacation or sick days. In certain cases you can recover compensation for the loss of future earning capacity. This is the case if you are unable to return to your previous career or earn the equivalent amount.

These costs are quite clear and quantifiable. However, other damages that you could claim are less obvious. These damages that are not economic can be more difficult to quantify and could include things like pain and suffering, disfigurement, and loss of enjoyment of life.

What can you prove to prove these Damages?

Certain expenses can be established with receipts and paperwork however, some expenses may require expert testimony. For instance, in cases where an accident attorneys leads to an extensive spinal cord injury that leaves the victim partially paralyzed, it may be necessary to consult an occupational specialist to determine the full impact of the injury. This can aid the jury or the court determine the exact extent of your financial and personal impact.

The most complicated kinds of economic damages are those relating to future medical expenses and Accident Law Firms lost earnings. It may be possible to document these costs using a medical professional's estimate of when you will achieve the point of maximum medical improvement or when your recovery will likely be over. However, you'll have to prove your future financial loss by providing pay stubs, expense receipts and other proof of your current and past income.

Insurance companies try to avoid paying the entire amount of damages they are legally required to pay. A competent personal injury lawyer can make sure that you receive all compensatory damages to which you are entitled. Contact Dennis and King today to schedule an appointment for a no-cost consultation. We can help you recover all of your financial and other damages following a New York auto accident law Firms or personal injury accident lawyer.