Types of Accident Compensation

Typically, this type of payment covers medical expenses, such as prescription devices and drugs including physical therapy and surgery. This compensation may include future earnings potential.

This type of compensation is often called "general damages." It can be challenging to determine the amount of these damages as insurers have different methods of calculation.

Economic Damages

Economic damages are the tangible and quantifiable cost of an accident. They include out-of-pocket expenses, losses from missed work damages to property and the potential for Accident Law Firms future financial losses due to the disability or injury. These costs are determined by juries and courts using documents like hospital bills, pharmacy receipts and vehicle repair estimates.

These are the direct costs of a crash, and are simple to prove. They cover medical expenses for example, the first hospitalization, as well as any subsequent care and treatment. They could also include the cost of repairs to a damaged vehicle or other property items such as clothing and household products. These costs can also include the cost of hiring a third party to do housework or drive your children to school or extracurricular activities.

Lost wages are a different and important category of economic damages. This includes not only the income you lost because of your injuries but also any productivity loss during your recovery, as well as any vacation or sick days. In certain cases you can also claim compensation for the loss of your earning potential in the future if your injury prevents you from returning to your former job or hinders you from earning the same amount in the future.

These costs are quite clear and quantifiable. However other damages you can claim may be less obvious. Non-economic damages are more difficult to quantify and include things like discomfort and pain or disfigurement, as well as the loss of enjoyment.

What can you do to prove these damages?

While some of the costs in these categories are fairly straightforward and can be proven by receipts and paperwork However, some expenses will require expert testimony. When an accident attorney results in a severe spinal injury that leaves the victim partially paralyzed, it might be necessary to consult an occupational specialist to determine how the injury will affect the victim. This will help the court or jury to make a precise determination of what your full range of personal and financial implications will be.

The most complex economic losses are those that relate to future medical expenses as well as lost earnings. You may be able document these costs using a medical professional's estimation of your maximum improvement in your medical condition or when your recovery is likely to end. 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 try to not pay as much damages as they are obligated to. A personal injury lawyer who is skilled can ensure you receive all the compensation damages you are entitled to. Contact Dennis and King today to set up an appointment at no cost. We can assist you in recovering all of your economic and other damages resulting from a New York auto accident or personal injury accident Law firms.