Types of Accident Compensation

This type of compensation usually covers medical costs, including prescription medications as well as devices, physical therapy and surgeries. It could also cover the loss of future earning potential.

This type of compensation can be described as "general damages." It can be challenging to determine the value of these damages since insurers employ different methods of calculation.

Economic Damages

Economic damages are the tangible, measurable costs that result from an accident. These are expenses that are out of pocket, lost wages as well as property damage costs and future financial losses resulting from the injury or disability. Courts and juries typically calculate these costs based on documentation such as pharmacy receipts, hospital bills and estimates of vehicle repairs.

These costs are fairly simple to prove and are among the most immediate costs associated with a crash. They include medical expenses, such as the first hospitalization and any subsequent care and treatment. They may also include the cost of a damaged vehicle or other property items including household and clothing products. They could also include the cost of hiring a person to assist with household chores or transport your children to school or other activities.

Lost wages are a different and important category of economic damages. This is not just the wages you have missed because of your injuries but also any loss of productivity while you recover, and any vacation or sick days. In some cases it is possible to recover compensation for the loss of future earnings capacity. This is the situation when you are unable to return to your previous career or earn the same amount.

Although these costs are evident and easily quantifiable, many of the other damages that you can claim are less clear. These non-economic damages are often more difficult to quantify and can include things like pain and suffering, disfigurement and loss of enjoyment.

How can you prove these Damages?

While a few of the expenses in these categories are easy to prove with receipts and documents Other expenses might require expert testimony. When an newton accident lawsuit causes severe spinal injury that renders the victim partially paralyzed, then it is required to consult with an occupational expert to determine the impact of the injury on the victim. This can assist the jury or court determine the exact extent of your financial and personal impact.

The most complex economic damages are those that relate to future medical expenses and loss of earnings. It may be possible to document these expenses using a medical professional's estimate of when you'll reach the point of maximum medical improvement or when your recovery will likely come to an end. However, you'll need to prove the future financial loss by providing pay statements, expense receipts, and other proof of your present and previous income.

Insurance companies will attempt to avoid paying the total amount of damages they must legally pay. A seasoned personal injury lawyer will ensure that you get all compensation 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 as well as other damages following an New York auto greenville accident attorney or personal injury incident.