Types of Accident Compensation

This kind of compensation typically covers medical expenses, such as prescription drugs or devices, physical therapy and surgeries. This compensation may also cover future earnings potential.

This type of compensation is often called "general damages." However, determining the value of these damages is difficult because insurers employ different methods of calculation.

Economic Damages

Economic damages are the tangible, measurable costs that result from an balch Springs Accident attorney. These include out-of pocket expenses, losses from missed work damages to property and future financial losses that are expected due to the disability or injury. These costs are figured by juries and courts based on documents like hospital bills, pharmacy receipts, and vehicle repair estimates.

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

The loss of wages is an additional important type of economic loss. This includes not just your missed wages from the time you were unable to work from work due to injuries, but they could also take into account the loss of productivity during recovery and any vacation days or sick days. In some cases you could even receive compensation for the loss of your earning potential in the future if your injury prevents you from returning to your former job or stops you from earning the same amount in the future.

While these expenses are easy to quantify, some of the other damages that you can assert are less clear. These non-economic damages can be more difficult to quantify and can include things like pain and suffering, disfigurement, and loss of enjoyment.

How do you demonstrate these damages?

Certain expenses can be proven through receipts or paperwork However, others might require expert testimony. For instance, in situations that an greenwood accident lawyer causes an extensive spinal cord injury that renders a person partially paralyzed or disabled, it could be necessary to consult an occupational specialist to assess the full impact of the injury. This will assist the court or jury determine the true extent of your financial and personal impact.

The most complex economic losses are those related to future medical expenses as well as lost earnings. It is possible to document these costs using a medical professional's estimate of when you'll reach maximum medical improvement, or when your recovery is likely be over. However, you'll have to prove your future financial loss by submitting pay stubs, expense receipts as well as other proof of your current and previous income.

Insurance companies attempt to avoid paying as much damages as they are legally required to. A personal injury lawyer with experience can ensure that you get all of the compensatory damages you are entitled to. Contact Dennis and King today to schedule a free consultation. We can help you seek all of your non-economic and economic damages after a New York car dearborn heights accident law firm or other personal injury accident.