Types of Accident Compensation

This type of compensation typically includes medical expenses, which include prescription drugs and devices, physical therapy, and surgery. The compensation could also be used to pay for future earnings.

This type of compensation is often called "general damages." However, determining the amount of these damages can be difficult because insurers employ different calculation methods.

Economic Damages

Economic damages are the tangible, quantifiable costs that result from an accident. These include out-of pocket expenses like lost wages, property damage costs, and future financial losses resulting from the injury or disability. These costs are calculated by juries and courts based on documents such as hospital bills, pharmacy receipts, and estimates for vehicle repairs.

These costs are fairly simple to prove and are the most immediate expenses associated with an accident. They usually include medical expenses like the initial hospital stay, and all subsequent treatment and care. They could also include the cost of repairs to a damaged vehicle or other property items, such as clothing and household goods. The cost of hiring someone to perform chores around the home or transport children to and from school or other activities may be included in these costs, as well.

The loss of wages is a different important aspect of economic damages. These include not only your missing wages from the time you had to stay home from work because of your injuries, but they may also take into account lost productivity while recovering as well as any vacation or sick leave. In certain cases there is a possibility of recovering 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 same amount.

Although these costs are transparent and quantifiable, some of the other damages you can claim are less so. Non-economic damages are more difficult to quantify and include things like discomfort and pain or disfigurement as well as the loss of enjoyment.

How can you prove these Damages?

While some of the costs within these categories are straightforward and can be substantiated by submitting receipts and papers Certain expenses may require expert testimony. For example, in cases when an princeton diamond bar accident law firm attorney (vimeo.com) results in a severe spinal cord injury that leaves the victim partially paralyzed, it might be necessary to consult with an occupational expert to determine the full impact of the injury. This will assist the jury or court determine the true extent of your personal and financial impact.

The most complicated economic losses are those that relate to future medical expenses and loss of earnings. You might be able to document these costs using a medical professional’s estimation of your greatest medical improvement or when your recovery is likely to end. You'll need to prove that you'll suffer future financial loss. This can be done by making a submission of your pay stubs and expense receipts.

Insurance companies are trying to avoid paying as much damages as they are obligated to. A personal injury lawyer who is skilled can ensure that you get all of the compensatory damages you are entitled to. Contact Dennis and King today 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 or personal injury portland accident lawsuit.