Types of Accident Compensation

This kind of compensation typically covers medical expenses, including prescription drugs as well as devices, physical therapy and even surgery. The compensation could also cover future earnings potential.

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

Economic Damages

Economic damages are the tangible and measurable cost of an accident. These are expenses that are out of pocket including lost wages, property damage costs, and future financial losses resulting from the disability or injury. Courts and juries typically calculate these costs using documentation like pharmacy receipts, hospital bills and estimates for repairs to vehicles.

These costs are relatively easy to prove and are the most immediate expenses that are incurred in the event of a crash. They cover medical expenses, like the initial hospitalization and any subsequent care and treatment. They may also include the cost of repairing a damaged vehicle or other property items such as household and clothing goods. The cost of hiring someone to take care of chores around the house or drive children to and from school, or other activities may be included, as well.

Loss of wages is another important category of economic damages. This is not just the wages you have missed due to your injuries, but also the lost productivity while you recover, and any sick days or vacation leaves. In some instances you can also claim compensation for the loss of your future earning capacity when your injury stops you from returning to your previous career or prevents you from earning the same amount in the future.

Although these costs are evident and easily quantifiable, many of the other damages you can claim are less so. These non-economic damages can be more difficult to quantify and could include things like pain and suffering, disfigurement or loss of enjoyment.

What can you prove to prove these Damages?

While a few of the expenses within these categories are simple and can be proved with receipts and documents Certain expenses may require expert testimony. For instance, in the event where an willow park accident attorney leads to an extensive spinal cord injury that leaves a victim partially paralyzed or disabled, it could be necessary to speak with an occupational specialist to assess the full impact of the injury. This will assist the jury or court to make a precise determination of what your total financial and personal impacts will be.

The most complicated economic losses are those that involve future medical expenses and loss of earnings. It is possible to document these costs with the help of a medical professional's estimation of when you will achieve maximum medical improvement, or when your recovery will likely come to an end. However, you'll have to prove the future financial loss by submitting pay invoices, stubs and other evidence of your current and past income.

Insurance companies are often trying to avoid paying the total amount of the damages they have to pay legally. A seasoned personal injury lawyer will ensure that you receive all compensation to which you are entitled. Dennis and King will be able to schedule a free consultation. We can help you pursue the full spectrum of non-economic and financial damages following an New York car livermore accident lawsuit or other personal injury incident.