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Types of Accident Compensation

This type of compensation typically includes medical expenses, which include prescription drugs and devices, physical therapy and surgeries. This type of compensation can also cover future earnings potential.

This kind of compensation is commonly referred to as "general damages." It can be difficult to determine the value of these damages as insurers use different methods for calculation.

Economic Damages

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

These costs are fairly simple to prove and are among the most immediate expenses associated with an accident. They cover medical expenses, such as the first hospital stay and all subsequent treatment and care. They may also include the cost of repairs to a damaged vehicle or other property items such as clothing and household items. These expenses could also include the cost of hiring a third party to assist with household chores or transport your children to school or any other extracurricular activities.

The loss of wages is a different important category of economic damages. They include not just missing wages from the time you were unable to work from work due to injuries, but they could be a factor in the loss of productivity during recovery and any vacation or sick days. In some instances you could even receive compensation for the loss of your potential earnings when your injury stops you from returning to your former job or stops you from earning the same amount in the future.

The costs are pretty clear and quantifiable. However, other damages that you can claim may be less so. These non-economic damages can be more difficult to quantify and include things like pain and discomfort or disfigurement, as well as the loss of enjoyment.

How do you prove the damage?

While some of the costs in these categories are simple and can be proved by submitting receipts and papers Other expenses might require expert testimony. For instance, in situations where an accident leads to a severe spinal cord injury that renders a person partially paralyzed or disabled, it could be necessary to speak with an occupational specialist to determine the full impact of the injury. This can aid the jury or the court make an accurate determination of what your total financial and personal impacts will be.

The most complicated economic damages are those that involve future medical costs and lost earnings. You may be able document these costs by using a medical professional's estimation of your best medical improvement or when your recovery is likely to come to an end. However, you will need to prove your financial loss by providing pay invoices, stubs and other evidence of your current and previous income.

Insurance companies are often trying to avoid paying the total amount of the damages they are legally required to pay. A personal injury lawyer who has the right experience can ensure you receive all the compensation damages you are entitled to. Contact Dennis and King today to schedule an appointment for a no-cost consultation. We can assist you in pursuing the full spectrum of economic and non-economic damage resulting from a New York car accident or other personal injury accident attorneys.