Types of Accident Compensation

This kind of compensation typically covers medical costs, including prescription medications or devices, physical therapy, and surgery. It could also cover the loss of future earnings potential.

This kind of compensation is often called "general damages." It isn't always easy to determine the value of these damages due to the fact that insurers have different methods of calculation.

Economic Damages

Economic damages are the tangible and quantifiable cost of an accident. They include out-of-pocket expenses like lost wages as well as property damage costs and future financial losses resulting from the disability or injury. These costs are figured by juries and courts based on documents like hospital bills, pharmacy receipts and vehicle repair estimates.

They are fairly easy to prove and are among the most immediate costs associated with an palm bay accident lawsuit. They usually include medical costs including the initial hospitalization and any follow-up treatment and care. They can also include the cost of repairing damaged cars or other property items, such as clothes and household products. The cost of hiring someone to do chores around the home or drive children to and from school or extracurricular activities could be included, as well.

Loss of earnings is another important aspect of economic damages. These include not just lost wages due to the fact that you were required to stay home from work due to your injuries, but they can include the loss of productivity in recovering, as well as any use of vacation or sick leave. In certain instances you could even receive compensation for the loss of your future earning capacity in the event that your injury prevents you from returning to your previous job or stops you from earning the same amount in the future.

These costs are fairly clear and quantifiable. However other damages you can claim may be less obvious. These damages that are not economic can be more difficult to quantify, and include things like pain and discomfort or disfigurement as well as loss of enjoyment in life.

How can you prove these Damages?

Certain expenses can be established with receipts and paperwork however, some expenses may require expert testimony. If an accident results in a severe spinal injury that leaves the victim partially paralyzed, then it is necessary to consult an occupational expert to determine the impact of the injury on the victim. This will assist the jury or court to determine what your total personal and financial consequences will be.

The most complex types of economic losses are those relating to future medical expenses and lost earnings. You may be able document these costs by using a medical professional's estimate of your maximum medical improvement or when your recovery is expected to come to an end. However, you'll have to prove your future financial loss by providing pay bills, expense receipts and other proof of your past and present income.

Insurance companies will try to avoid paying the total amount of the damages they are legally required to pay. A competent personal injury lawyer can make sure that you get all compensatory damages to which you are entitled. Contact Dennis and King today to set up an appointment for a no-cost consultation. We can assist you in pursuing the full range of economic and non-economic injuries resulting from an New York car foster city accident Lawyer or any other personal injury or accident.