Types of Accident Compensation

Typically, this type compensation covers medical expenses like prescription drugs and devices as well as physical therapy and surgery. This type of compensation can also be used to pay for future earnings.

This type of compensation may be described as "general damages." It can be difficult to determine the amount of these damages due to the fact that insurers use different methods for calculation.

Economic Damages

Economic damages are the tangible, measurable costs that result from an accident. These are expenses that are out of pocket like lost wages and property damage costs and financial losses that will come from the injury or disability. Juries and courts usually calculate these costs using documentation like hospital bills, pharmacy receipts and vehicle repair estimates.

These expenses are relatively simple to prove and are the most immediate expenses that are incurred in an accident. They include medical expenses, such as the first hospital stay and all subsequent treatment and care. These expenses may also include the cost to repair damaged vehicles or other property items, including household and clothing items. These costs can also include the cost of hiring someone else to take care of household chores or driving your children to school or extracurricular activities.

The loss of wages is an additional important aspect of economic damages. They include not just lost wages due to the fact that you were forced to stay home from work due to injuries, but they could also take into account the loss of productivity in recovering, as well as any vacation or sick leave. In certain cases you could even receive compensation for the loss of your potential earnings if your injury prevents you from returning to your former career or prevents you from earning the same amount in the future.

While these costs are easy to quantify, Vimeo.Com some of the other damages you could assert are less clear. These non-economic damages are often more difficult to quantify and may include things like pain and suffering, disfigurement or loss of enjoyment.

How can you prove these Damages?

Certain expenses can be substantiated with receipts and paperwork, but others may require expert testimony. When an accident causes a severe spinal injury that causes the victim to be partially paralyzed, it could be required to consult with an occupational expert to determine how the injury will affect the victim. This can aid the jury or the court determine the exact extent of your financial and personal impact.

The most complicated types of economic damages are those relating to future medical expenses and lost earnings. It may be possible to document these costs using a medical professional's estimate of when you'll achieve maximum medical improvement, or when your recovery will likely be over. However, you'll need to prove your financial loss by submitting pay bills, expense receipts and other proof of your current and previous income.

Insurance companies try to keep from paying as much damages as they are obligated to. A knowledgeable personal injury lawyer can make sure that you receive all the compensation to which you are entitled. Contact Dennis and King today to schedule an appointment at no cost. We can help you recover all of your financial as well as other damages following the occurrence of a New York auto accident or personal injury price accident attorney.