Types of Accident Compensation

This type of compensation usually covers medical expenses, including prescription medications as well as devices, physical therapy and even surgery. This type of compensation can also cover future earnings potential.

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

Economic Damages

Economic damages are the tangible and quantifiable expenses resulting from an accident lawyer. These include out-of-pocket expenses including lost wages and property damage costs and future financial losses resulting from the injury or disability. These costs are estimated by juries and courts based on documents such as hospital bills, pharmacy receipts, and estimates of repairs to the vehicle.

These costs are fairly simple to prove and are the most immediate expenses associated with a crash. They usually include medical expenses including the initial hospitalization and all subsequent treatment and care. They could also include the cost of repairing or replacing a damaged vehicle or other property items such as clothing and household products. The cost of hiring someone to perform chores around the home or to transport children to and from school, or other activities may be included in these expenses, as well.

Loss of wages is another common and important type of economic damages. These include not just missing wages from the time you were unable to work from work because of injuries, but include the loss of productivity during recovery and any vacation or sick days. In some instances it is possible to recover compensation for the loss of future earning capacity. This is the situation when you are unable to return to your previous career or earn the same amount.

These costs are easily identifiable and measurable. However, other damages that you can claim are more difficult to prove. These non-economic damages are more difficult to quantify and include things like discomfort and pain disfigurement, Vimeo loss of enjoyment in life.

What can you prove to prove these Damages?

While some of the costs within these categories are straightforward and can be proven by receipts and Vimeo paperwork Other expenses might require expert testimony. For instance, in situations that an accident causes an extensive spinal cord injury that leaves a victim partially paralyzed, it may be necessary to speak with an occupational specialist to determine the full impact of the injury. This will assist the jury or court to make a precise determination of what your total financial and personal impacts will be.

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

Insurance companies will attempt to avoid paying the entire amount of damages they must legally pay. A personal injury lawyer who is skilled will ensure that you receive all the compensation damages you are entitled to. Contact Dennis and King today to set up an appointment for a no-cost consultation. We can help you pursue the full range of your non-economic and Vimeo economic damages following a New York car accident or other personal injury accident.