Types of Accident Compensation

This kind of compensation typically covers medical expenses, including prescription drugs or devices, physical therapy, and surgery. It could also be used to cover future earnings.

This type of compensation can be described as "general damages." It isn't always easy to determine the amount of these damages since insurers employ different methods of calculation.

Economic Damages

Economic damages are the tangible and measurable cost of an accident. These are expenses that are out of pocket like lost wages as well as property damage costs and future financial losses resulting from the disability or injury. These costs are determined by juries and courts using documents such as hospital bills, pharmacy receipts, and estimates for repairs to vehicles.

These costs are fairly simple to prove and are the most immediate expenses that are incurred in an accident. They usually include medical costs for the initial hospital stay, and all subsequent treatment and care. They could also include the cost of repairs to a damaged vehicle or other property items, such as clothing and household items. These expenses can also include the cost of hiring a person to take care of household chores or driving your children to school or any other extracurricular events.

The loss of wages is a different important type of economic damage. These include not only your missed wages from the time you had to stay home from work due to your injuries, but they can include the loss of productivity in recovering, as well as any vacation days or sick days. In certain cases there is a possibility of recovering compensation in the event of a loss of future earnings capacity. This is the situation in the event that you cannot resume your previous work or earn the same amount.

These costs are easily identifiable and quantifiable. However other damages you are able to claim could be less so. These non-economic damages are more difficult to quantify, and include things like discomfort and pain, disfigurement, and loss of enjoyment.

How do you show these damages?

While some of the expenses in these categories are easy to prove with paperwork and receipts Certain expenses may require expert testimony. For instance, in situations where an reading accident attorney leads to serious spinal cord injuries that renders a person partially paralyzed, then it could be necessary to consult an occupational specialist to determine the full impact of the injury. This can assist the jury or court determine the exact extent of your financial and personal impact.

The most complex types of economic losses are those that relate to future medical expenses and lost earnings. You may be able to prove these expenses by using a medical professional’s estimate of your greatest medical improvement or when your recovery is likely to come to an end. You'll need to show that you are likely to suffer a future financial loss. This can be done by sending in your pay stubs, or expense receipts.

Insurance companies try to not pay as much damages as they are required to. A personal injury lawyer who is experienced will ensure you receive all the compensation damages you are entitled to. Dennis and King will schedule a no-cost consultation. We can help you seek the full spectrum of your non-economic and economic damages after an New York car accident or other personal injury summerville accident lawyer.