Types of Accident Compensation

This kind of compensation typically covers medical costs, including prescription drugs and devices, physical therapy, and surgeries. It may also cover loss of future earnings potential.

This kind of compensation is commonly referred to as "general damages." However, determining the amount of these damages is difficult as insurers use different methods of calculation.

Economic Damages

Economic damages are the tangible and measurable cost of an accident. These include out-of pocket expenses, losses from missed work as well as property damage costs. the potential for future financial losses due to the disability or injury. The courts and juries usually determine these costs based on documentation such as pharmacy receipts, hospital bills and estimates for vehicle repairs.

These are the immediate expenses of a crash and are easy to prove. They cover medical expenses, like the initial hospitalization, as well as any subsequent treatment and care. They can also include the cost of repairing a damaged vehicle or other property items like clothing and household products. The cost of hiring someone to take care of chores around the house or take children to and from school, or extracurricular activities could be included in these expenses, as well.

Lost wages are another common and significant category of economic damages. They include not just missed wages from the time you had to stay home from work due to injuries, Vimeo but they may also include lost productivity while recovering as well as any vacation or sick leave. In some instances you can recover compensation for the loss of future earnings capacity. This is the situation when you are unable to return to your former career or earn the equivalent amount.

While these expenses are evident and easily quantifiable, many of the other damages you may assert are less clear. These non-economic damages can be more difficult to quantify and may include things like pain and suffering, disfigurement or loss of enjoyment of life.

How Do You Prove These Damages?

While a few of the expenses in these categories are fairly straightforward and can be substantiated by receipts and paperwork, other expenses may require expert testimony. For example, in cases where an frankfort accident lawsuit leads to an extremely severe spinal cord injury that renders a person partially paralyzed, it might be necessary to consult with an occupational specialist to determine the full impact of the injury. This will aid the jury or the court determine with certainty the full scope of personal and financial impacts will be.

The most complicated economic losses are those that involve future medical expenses as well as lost earnings. It may be possible to document these expenses by utilizing a medical professional's estimate of when you will reach the point of maximum medical improvement or the time when your recovery will likely be over. You must prove that you will suffer a future financial loss. This can be done by making a submission of your pay stubs and expense receipts.

Insurance companies will try to avoid paying the full amount of damages that they are legally obliged to pay. A personal injury lawyer with experience will ensure that you receive all the compensatory damages you are entitled to. Contact Dennis and King today to schedule a free consultation. We can help you seek the full spectrum of your non-economic and economic injuries resulting from a New York car accident or other personal injury accident.