Types of Accident Compensation

Typically, this type compensation covers medical expenses like prescription drugs and devices including physical therapy and surgery. It could also be used to pay for future earnings.

This type of compensation is usually referred to as “general damages.” It can be difficult to determine the value of these damages due to the fact that insurers use different methods of calculation.

Economic Damages

Economic damages are the tangible, measurable costs that result from an accident Law firms. These are expenses that are out of pocket such as lost wages, property damage costs, and financial losses that will come from the injury or disability. These costs are calculated by juries and courts based on documents such as hospital bills, pharmacy receipts, and estimates of repairs to the vehicle.

These are the immediate costs of a crash, and are simple to prove. They cover medical expenses, like the initial hospital stay, and any subsequent care and treatment. They can also include the cost of repairing or replacing a damaged vehicle or other property items like clothing and household goods. These expenses could also include the cost of hiring a person to assist with household chores or transport your children to school or other extracurricular events.

Lost wages are another frequent and important category of economic damages. These include not just missed wages from the time you were forced to stay home from work because of your injuries, but they could also take into account lost productivity while recovering as well as any use of vacation or sick days. In some instances you could even receive compensation for the loss of your potential earnings in the event that your injury prevents you from returning to your previous job or hinders you from earning the same amount in the future.

These costs are quite clear and quantifiable. However other damages you are able to claim could be less clear. These non-economic damages can be more difficult to quantify, and include things like discomfort and pain, accident Law Firms disfigurement, and loss of enjoyment in life.

How can you prove these damages?

Some expenses can be proved by submitting receipts and documents Some expenses can be proven with receipts and paperwork, while others require expert testimony. If an accident lawyer causes a severe spinal injury that leaves the victim partially paralyzed, it could be necessary to consult an occupational specialist to determine how the injury will affect the victim. This will assist the jury or court determine with certainty what your total personal and financial implications will be.

The most complicated kinds of economic losses are those that concern future medical expenses and lost earnings. You may be able to prove these expenses by using a medical professional’s estimation of your best medical improvement or when your recovery is expected to be over. But, you’ll need to prove your financial loss by providing pay bills, expense receipts and Accident law Firms other evidence of your current and past income.

Insurance companies will try to avoid paying the total amount of damages they must legally pay. A personal injury lawyer who is experienced can 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 and other damages after an New York auto accident or personal injury.