Types of Accident Compensation

Typically, this form of compensation is used to pay for medical expenses such as prescription drugs and devices such as physical therapy, surgery and so on. This compensation may also be used to pay for future earnings.

This kind of compensation is sometimes referred to "general damages." However, determining the amount of these damages is difficult as insurers use different calculation methods.

Economic Damages

Economic damages are the tangible, measurable costs that result from an accident. They include out-of-pocket expenses and losses resulting from the absence of work cost for property damage, and accident Law firms future financial losses that are expected due to the disability or injury. Courts and juries typically calculate these costs using documentation like hospital bills, pharmacy receipts and estimates of vehicle repairs.

They are fairly easy to prove and are the most immediate expenses incurred by an accident. They include medical costs, for example, the first hospital stay, and any subsequent care and treatment. They may also include the cost of repairs to a damaged vehicle or other property items, including household and clothing items. These expenses could also include the cost of hiring someone else to take care of household chores or driving your children to school or extracurricular events.

The loss of wages is a different important type of economic loss. These include not only your missing wages from the time you were unable to work from work because of your injuries, but they could be a factor in lost productivity while recovering and any use of vacation or sick leave. In some instances it is possible to recover compensation for the loss of future earnings capacity. This is the case in the event that you are not able to return to your previous job or earn the equivalent amount.

The costs are pretty clear and measurable. However, other damages that you can claim are more difficult to prove. Non-economic damages are more difficult to quantify and include things like pain and discomfort, disfigurement, and loss of enjoyment.

How can you prove these Damages?

While a few of the expenses in these categories are fairly simple and can be proved with paperwork and receipts, other expenses may require expert testimony. For example, in cases where an accident lawyers leads to serious spinal cord injuries that leaves a victim partially paralyzed, then it could be necessary to speak with an occupational expert to determine the full impact of the injury. This will help the court or jury make an accurate determination of the full scope of personal and financial consequences will be.

The most complex types of economic losses are those that concern future medical expenses and lost earnings. You might be able to record these expenses using a medical professional's estimation of your best medical improvement or when your recovery is expected to come to an end. However, you'll need to prove your financial loss by submitting pay bills, Accident Law firms expense receipts as well as other proof of your present and previous income.

Insurance companies will try to avoid paying the total amount of damages they are legally required to pay. A seasoned personal injury lawyer can make sure that you receive the compensatory damages to which you are entitled. Dennis and King will be able to schedule a free consultation. We can assist you in recovering all of your economic and other damages resulting from a New York auto Accident law firms or personal injury accident.