Types of Accident Compensation

This kind of compensation typically covers medical costs, including prescription medications or devices, physical therapy and even surgery. It may also cover the loss of future earnings potential.

This type of compensation is usually referred to as "general damages." It isn't always easy to determine the value of these damages as insurers employ different methods of calculation.

Economic Damages

Economic damages are the tangible and quantifiable cost of an accident law firm. These are expenses that are out of pocket such as lost wages and property damage costs and financial losses that will come from the disability or injury. These costs are estimated by juries and courts based on documents such as hospital bills, pharmacy receipts, as well as vehicle repair estimates.

These are the direct costs of a crash and Accident Law Firm are easy to prove. They include medical expenses, like the initial hospital stay, and any subsequent treatment and care. These costs can also include the cost to repair damaged vehicles or other items of property, such as clothes and household products. The cost of hiring a person to do chores around the house or Accident Law Firm transport children to and from school or other activities may be included in these expenses, as well.

Lost wages are a different and important category of economic damages. This includes not only the lost wages due to your injuries, but also any productivity loss during your recovery and any vacation or sick days. In some instances you can recover compensation for the loss of future earnings capacity. This is the case in the event that you are not able to resume your previous work or earn the equivalent amount.

While these costs are evident and easily quantifiable, many of the other damages you may claim are less so. These non-economic damages are more difficult to quantify and include things like discomfort and pain disfigurement, loss of enjoyment.

How Can You Prove These Damages?

Some expenses can be proved through receipts or paperwork, but others may require expert testimony. For instance, in situations where an accident law firm causes an extensive spinal cord injury that leaves the victim partially paralyzed, it might be necessary to speak with an occupational specialist to assess the full impact of the injury. This will help the jury or court determine the true extent of your financial and personal impact.

The most complicated types of economic damages are those relating to future medical expenses and lost earnings. It may be possible to document these expenses with the help of a medical professional's estimation of when you will achieve the point of maximum medical improvement or when your recovery will likely end. You must prove that you are likely to suffer a future financial loss. This can be accomplished by making a submission of your pay stubs and expense receipts.

Insurance companies attempt to not pay as much damages as they are legally required to. A knowledgeable personal injury lawyer can make sure that you receive the compensation damages to which you are entitled. Dennis and King will schedule a no-cost consultation. We can help you pursue all of economic and non-economic injuries resulting from an New York car accident or other personal injury incident.