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Types of Accident Compensation

This kind of compensation typically covers medical expenses, including prescription medications and devices, physical therapy and even surgery. This compensation may also be used to pay for future earnings.

This kind of compensation is commonly referred to as "general damages." However, determining the value of these damages can be difficult because insurers employ different methods of calculation.

Economic Damages

Economic damages are the tangible and quantifiable costs associated with an accident. These include out-of-pocket expenses, lost wages damages to property, and financial losses that will come from the disability or injury. These costs are calculated by juries and courts using documents such as hospital bills, pharmacy receipts, and estimates of repairs to the vehicle.

These costs are fairly simple to prove and are among the most immediate costs associated with a crash. They typically include medical expenses, such as the initial hospitalization and any follow-up treatment and care. They could also include the cost of repairs to a damaged vehicle or other property items, such as household and clothing goods. The cost of hiring someone to do chores around the house or drive children to and from school or extracurricular activities could be included in these costs and more.

Loss of earnings is another important type of economic loss. This includes not only the income you lost due to your injuries, but also any productivity loss during your recovery as well as vacation or sick days. In some instances it is possible to recover compensation for the loss of future earning capacity. This is the situation if you are unable to return to your previous job or earn the same amount.

The costs are pretty clear and measurable. However, other damages that you are able to claim could be less clear. These non-economic damages are sometimes 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?

Some expenses can be proved by submitting receipts and documents however, some expenses may require expert testimony. For instance, in the event where an accident leads to an extensive spinal cord injury that leaves a victim partially paralyzed, then it could be necessary to speak with an occupational specialist to assess the full impact of the injury. This can help the court or jury to determine what your full range of financial and personal impacts will be.

The most complex types of economic damages are those relating to future medical expenses and lost earnings. You may be able document these costs using a medical professional's estimate of your greatest medical improvement or when your recovery is expected to end. You must prove that you'll suffer a future financial loss. This can be done by sending in your pay stubs, or expense receipts.

Insurance companies will try to avoid paying the full amount of damages that they are legally required to pay. A seasoned personal injury lawyer can ensure that you receive all compensation damages to which you are entitled. Contact Dennis and King today to set up a free consultation. We can help you seek all of your economic and non-economic damage resulting from a New York car accident lawyers or other personal injury accident law firm (www.similarityapp.Com).