Types of Accident Compensation

This kind of compensation typically includes medical expenses, which include prescription drugs and devices, physical therapy and even surgery. It can also cover the loss of future earning potential.

This type of compensation is commonly referred to as "general damages." It can be challenging to determine the value of these damages since insurers use different methods for calculation.

Economic Damages

Economic damages are the tangible and measurable costs resulting from an magnolia accident law firm. These are expenses that are out of pocket including lost wages as well as property damage costs and financial losses that will come from the disability or injury. These costs are calculated by juries and courts using documents like hospital bills, pharmacy receipts, as well as estimates of repairs to the vehicle.

These are the direct costs of a crash and are easy to prove. They include medical costs, such as the first hospital stay, and Vimeo any subsequent care and treatment. These expenses may also include the cost of repairing damaged vehicles or other property items, including household and clothing items. These expenses can also include the cost of hiring a third party to assist with household chores or transport your children to school or any other extracurricular events.

Lost wages are a different and important type of economic damages. This includes not only the wages you missed due to your injuries but also any productivity loss while you recover, and any vacation or sick days. In some instances you can also claim compensation for the loss of your future earning potential if your injury prevents you from returning to your previous job or prevents you from earning the same amount in the future.

While these costs are clear and measurable, some of the other damages that you can claim are less clear. Non-economic damages are more difficult to quantify and include things like pain and discomfort or disfigurement, as well as loss of enjoyment in life.

How can you show these damages?

Certain expenses can be proven with receipts and paperwork However, others might require expert testimony. For instance, in cases where an accident leads to an extremely severe spinal cord injury that leaves the victim partially paralyzed, it may be necessary to consult an occupational specialist to assess the full impact of the injury. This can assist the jury or court make an accurate assessment of your personal and financial impact.

The most complicated kinds of economic damages are those that concern future medical expenses and lost earnings. It may be possible to document these costs by using a medical professional's assessment of when you will achieve the point of maximum medical improvement or when your recovery will likely come to an end. But, you'll need to prove your future financial loss by providing pay bills, expense receipts and other proof of your current and past income.

Insurance companies will attempt to avoid paying the total amount of the damages they are legally obliged to pay. A seasoned personal injury lawyer can make sure that you get all compensatory damages to which you are entitled. Contact Dennis and King today to set up a free consultation. We can help you recover all of your financial and other damages after an New York auto accident or personal injury accident.