Types of Accident Compensation

This kind of compensation typically includes medical expenses, which include prescription medications and devices, physical therapy and even surgery. This type of compensation can also be used to cover future earnings.

This type of payment can be described as "general damages." However, determining the value of these damages is difficult because insurers employ different methods of calculation.

Economic Damages

Economic damages are the tangible and measurable costs associated with an accident. These include out-of pocket expenses such as lost wages, property damage costs, and financial losses that will come from the disability or injury. Courts and juries typically calculate these costs using documents such as hospital bills, pharmacy receipts and vehicle repair estimates.

These costs are relatively easy to prove and are the most immediate expenses that are incurred in an st albans accident law firm. They include medical expenses, like the initial hospitalization and any subsequent care and treatment. They can also include the cost of repairing a damaged vehicle or other property items, including household and clothing products. The cost of hiring someone to perform chores around the house or take children to and from school, or other activities may be included in these costs, as well.

Loss of wages is another important type of economic damage. This includes not only the wages you have missed because of your injuries but also any lost productivity during your recovery, as well as any vacation or sick days. In certain cases you may even be able to claim compensation for the loss of your potential earnings in the event that 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 relatively transparent and quantifiable, some of the other damages you can claim are less clear. These non-economic damages can be 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 easy to prove with paperwork and receipts Certain expenses may require expert testimony. For instance, in the event where an accident leads to an extensive spinal cord injury that leaves the victim partially paralyzed, it may be necessary to consult an occupational expert to determine the full impact of the injury. This can help the court or jury make an accurate determination of what your full range of financial and Vimeo personal impacts will be.

The most complex economic losses are those related to future medical costs and lost earnings. It is possible to document these expenses by using a medical professional's assessment of when you'll reach maximum medical improvement, or when your recovery is likely to end. However, you'll need to prove your financial loss by providing pay bills, expense receipts and other evidence of your present and previous income.

Insurance companies try to avoid paying the full amount of damages that they are legally obliged to pay. A personal injury lawyer who is experienced will ensure you receive all the compensation damages you are entitled to. Dennis and King can set up a free consultation. We can help you pursue the full spectrum of your economic and non-economic damages after an New York car tillamook accident lawsuit or any other personal injury or accident.