Types of accident Law firm Compensation

Typically, this type payment covers medical expenses, such as prescription devices and drugs, physical therapy and surgery. It may also cover loss of future earnings.

This type of compensation is often called "general damages." It isn't always easy to determine the amount of these damages due to the fact that insurers use different methods for calculation.

Economic Damages

Economic damages are the tangible, measurable expenses that result from an accident lawsuits. They include out-of-pocket expenses like lost wages as well as property damage costs and future financial losses resulting from the injury or disability. Courts and juries usually calculate these costs using documentation like hospital bills, pharmacy receipts and estimates of vehicle repairs.

These are the immediate costs of a crash, and are easy to prove. They usually include medical costs like the initial hospital stay, and all subsequent treatment and care. They can also include the cost of repairing or replacing a damaged vehicle or other property items like clothing and household products. The cost of hiring a person to do chores around the home or transport children to and from school or other activities may be included as well.

Loss of earnings is another important type of economic damage. This includes not only the wages you missed due to your injuries, but also the lost productivity while you recover, and any vacation or sick days. In some cases, compensation can be recovered in the event of a loss of future earnings capacity. This is the situation if you are unable to resume your previous work or earn the same amount.

These costs are quite clear and measurable. However, other damages that you can claim are less clear. These non-economic damages are often more difficult to quantify and could include things like pain and suffering, disfigurement and loss of enjoyment of life.

How Can You Prove These Damages?

Certain expenses can be substantiated through receipts or paperwork Some expenses can be proven with receipts and paperwork, while others require expert testimony. If an accident causes a severe spinal injury that renders the victim partially paralyzed, it might be required to consult with an occupational expert to determine how the injury will affect the victim. This can help the court or jury determine with certainty the full scope of financial and personal impacts will be.

The most complicated economic losses are those that involve future medical expenses as well as lost earnings. You may be able to document these costs using a medical professional’s estimate of your best medical improvement or when your recovery is likely to come to an end. You must prove that you will suffer a future financial loss. This can be accomplished by providing your pay stubs or expense receipts.

Insurance companies try to avoid paying the total amount of the damages they have to pay legally. A personal injury lawyer with experience will ensure you receive all the compensation damages you are entitled to. Contact Dennis and King today to set up an appointment for a no-cost consultation. We can help you pursue all of economic and non-economic damage resulting from a New York car accident or other personal injury incident.