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Types of Accident Compensation

This type of compensation usually includes medical expenses, which include prescription medications and devices, physical therapy and surgery. It can also cover the loss of future earnings potential.

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

Economic Damages

Economic damages are the tangible, measurable expenses that result from an accident Law firm. These include out-of pocket expenses as well as the loss resulting from a missed work damages to property and future financial losses that are expected due to the disability or injury. Courts and juries typically calculate these costs based on documentation such as hospital bills, pharmacy receipts and estimates of vehicle repairs.

These costs are fairly simple to prove and are the most immediate expenses incurred by an accident. They include medical expenses, like the initial hospital stay, and any subsequent care and treatment. These costs can also comprise the cost of repairing damaged cars or other property items, such as clothing and Accident Law Firm household items. The cost of hiring someone to do chores around the home or transport children to and from school, or extracurricular activities can be included in these expenses, as well.

Lost wages are another common and significant category of economic damages. This is not just the income you lost due to your injuries but also the lost productivity during your recovery as well as sick days or vacation leaves. In some instances, you can even recover 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 costs are evident and easily quantifiable, many of the other damages that you can claim are less so. These non-economic damages can be more difficult to quantify and may include things like pain and suffering, disfigurement, and loss of enjoyment of life.

What can you prove to prove these Damages?

Certain expenses can be proven by means of receipts and papers Some expenses can be proven with receipts and paperwork, while others require expert testimony. If an accident lawsuit causes severe spinal injury that causes the victim to be partially paralyzed, it could be required to consult with an occupational specialist to determine how the injury will affect the victim. This can aid the jury or the court to make a precise determination of the full scope of personal and financial impacts will be.

The most complicated economic damages are those that relate to future medical expenses and lost earnings. You might be able to document these costs by using a medical professional’s estimate of your maximum medical improvement or when your recovery is expected to end. But, you'll need to prove your future financial loss by submitting pay statements, expense receipts, and other proof of your present and previous income.

Insurance companies attempt to avoid paying as much in damages as they are legally required to. A personal injury lawyer who is experienced can ensure you receive all the compensation you are entitled to. Contact Dennis and King today to schedule an initial consultation for free. We can help you recover all of your financial as well as other damages following the occurrence of a New York auto accident attorney or personal injury.