Types of Accident Compensation

This type of compensation usually includes medical expenses, which include prescription drugs or devices, physical therapy, and surgery. It could also cover the loss of future earning potential.

This kind of compensation is usually referred to as "general damages." It can be challenging to determine the value of these damages as insurers have different methods of calculation.

Economic Damages

Economic damages are the tangible and quantifiable costs resulting from an accident. These include out-of pocket expenses, losses from missed work, property damage costs and future financial losses that are expected due to the injury or disability. Juries and courts usually calculate these costs by using documents like hospital bills, pharmacy receipts and estimates for vehicle repairs.

These are the immediate costs of a crash and Accident Law Firm are simple to prove. They usually include medical expenses for the initial hospital stay, and all follow-up care and treatment. They could also include the cost of repairing a damaged vehicle or other property items such as clothing and household items. These expenses could also include the cost of hiring a third party to do housework or drive your children to school or extracurricular events.

Lost wages are another common and significant category of economic damages. This is not just the lost wages due to your injuries, but also any loss of productivity during your recovery and any vacation or sick days. In certain instances you could even receive compensation for the loss of your future earning capacity when your injury stops you from returning to your former job or hinders you from earning the same amount in the future.

These costs are quite clear and Accident Law firm quantifiable. However, other damages that you can claim may be less obvious. These non-economic damages can be more difficult to quantify, and include things like pain and discomfort, disfigurement, and loss of enjoyment.

How do you demonstrate these damages?

While some of the expenses in these categories are fairly simple and can be proved by submitting receipts and papers However, some expenses will require expert testimony. In cases where an accident results in a severe spinal injury that causes the victim to be partially paralyzed, then it is necessary to consult an occupational specialist to determine how the injury will affect the victim. This can aid the jury or the court to determine what your total personal and financial implications will be.

The most complex economic damages are those that relate to future medical expenses and lost earnings. You may be able document these costs using a medical professional's estimate of your best medical improvement or when your recovery is likely to end. However, you'll need to prove your financial loss by submitting pay stubs, expense receipts and other proof of your current and previous income.

Insurance companies try to avoid paying the entire amount of damages they are legally obliged to pay. A personal injury lawyer with experience will ensure you receive all the compensation you are entitled to. Contact Dennis and King today to schedule an appointment at no cost. We can assist you in recovering all of your economic as well as other damages following an New York auto accident or personal injury accident lawsuits law firm (foro.cavifax.com official website).