Types of accident law firm Compensation

Typically, this type of payment covers medical expenses, such as prescription drugs and devices such as physical therapy, surgery and so on. The compensation could also be used to pay for future earnings.

This type of compensation may be referred to as "general damages." It can be difficult to determine the amount of these damages due to the fact that insurers use 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, property damage costs and the potential for future financial losses due to disability or injury. Courts and juries usually calculate these costs using documents such as hospital bills, pharmacy receipts and estimates for repairs to vehicles.

These costs are relatively easy to prove and are the most immediate expenses that are incurred in the event of a crash. They include medical costs, lawyers such as the first hospitalization, as well as any subsequent care and treatment. They can also comprise the cost of repairing damaged cars or other items of property including household and clothing products. These expenses could also include the cost of hiring a person to do housework or drive your children to school or other activities.

Loss of wages is another common and important type of economic damages. This includes not only the lost wages due to your injuries but also any productivity loss while you recover, and any vacation or sick days. In certain cases you could even receive compensation for the loss of your earning potential in the future when your injury stops you from returning to your previous job or prevents you from earning the same amount in the future.

These costs are easily identifiable and quantifiable. However, other damages that you are able to claim could be less obvious. These non-economic damages are sometimes more difficult to quantify and can include things like pain and suffering, disfigurement, and loss of enjoyment.

How Do You Prove These Damages?

Certain expenses can be substantiated by submitting receipts and documents However, others might require expert testimony. For instance, in the event where an accident lawsuits leads to serious spinal cord injuries which leaves a victim partially paralyzed, it may be necessary to speak with an occupational expert to determine the full impact of the injury. This can help the jury or lawyers court make an accurate assessment of your personal and financial impact.

The most complex economic damages are those relating to future medical expenses and lost earnings. It is possible to document these costs by using a medical professional’s estimate of your best medical improvement or when your recovery is expected to be over. However, you'll need to prove the future financial loss by providing pay bills, expense receipts as well as other proof of your present and previous income.

Insurance companies try to keep from paying as much damages as they are legally required to. A skilled personal injury lawyer can make sure that you receive the compensatory damages to which you are entitled. Dennis and King will be able to schedule a free consultation. We can help you recover all of your economic and other damages following the occurrence of a New York auto accident or personal injury.