Types of Accident Compensation

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

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

Economic Damages

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

These are the immediate expenses of a crash, and are simple to prove. They usually include medical expenses for the initial hospital stay, and any follow-up treatment and care. These expenses can also comprise the cost of repairing damaged vehicles or other items of property, such as clothes and household products. The cost of hiring someone to take care of chores around the home or take children to and from school, or other activities may be included in these expenses and more.

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

These costs are fairly clear and quantifiable. However other damages you are able to claim could be less clear. Non-economic damages are more difficult to quantify and include things like pain and discomfort 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 easy to prove by receipts and paperwork, other expenses may require expert testimony. In cases where an Accident law firms results in a severe spinal injury that causes the victim to be partially paralyzed it may be necessary to consult an occupational expert to determine how the injury will affect the victim. This can assist the jury or court determine the exact extent of your personal and financial impact.

The most complex types of economic damages are those that relate to future medical expenses and lost earnings. It is possible to document these costs with the help of a medical professional's estimation of when you'll reach maximum medical improvement, or when your recovery is likely to come to an end. But, you'll need to prove the future financial loss by submitting pay invoices, stubs and other proof of your current and previous income.

Insurance companies will try to avoid paying the total amount of damages they are legally required to pay. A personal injury lawyer who is experienced will ensure that you receive all the compensatory damages you are entitled to. Dennis and King will be able to schedule a free consultation. We can assist you in pursuing all of your economic and non-economic injuries resulting from an New York car accident attorney or another personal injury event.