Types of accident lawyer Compensation

This kind of compensation typically covers medical expenses, such as prescription drugs and devices, physical therapy and surgery. The compensation could also be used to cover future earnings.

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

Economic Damages

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

These are the immediate costs of a crash and are easy to prove. They include medical expenses, for example, the first hospitalization, as well as any subsequent treatment and care. They could also include the cost of repairing a damaged vehicle or other property items such as clothing and household goods. The cost of hiring someone to perform chores around the house or to transport children to and accident from school or extracurricular activities can be included in these expenses also.

Loss of wages is another important type of economic loss. This is not just the income you lost due to your injuries but also any productivity loss during your recovery and any vacation or sick days. In some instances, you can even recover compensation for the loss of your earning potential in the future 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 relatively evident and easily quantifiable, many of the other damages you can assert are less clear. These damages that are not economic can be more difficult to quantify, and include things like discomfort and pain or disfigurement, as well as loss of enjoyment in life.

How can you prove these Damages?

While some of the expenses in these categories are fairly straightforward and can be substantiated by submitting receipts and papers, other expenses may require expert testimony. If an accident causes a severe spinal injury that renders the victim partially paralyzed it may be necessary to consult an occupational specialist to determine the impact of the injury on the victim. This can help the jury or court determine the true extent of your personal and financial impact.

The most complicated economic damages are those related to future medical expenses and lost earnings. You may be able to document these costs by using a medical professional’s estimation of your greatest medical improvement or when your recovery is expected to end. You'll need to show that you'll suffer a future financial loss. This can be accomplished by providing your pay stubs or expense receipts.

Insurance companies try to avoid paying the total amount of the damages they must legally pay. A personal injury lawyer with experience will ensure that you receive all the compensation 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 following the occurrence of a New York auto accident lawyers or personal injury accident.