Types of Accident Compensation

Typically, this form of compensation covers medical expenses like prescription devices and drugs as well as physical therapy and surgery. This compensation may also be used to cover future earnings.

This type of compensation can be referred to as "general damages." However, determining the amount of these damages can be complicated because insurers use different methods of calculation.

Economic Damages

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

These expenses are relatively simple to prove and are the most immediate expenses associated with an Boonville accident lawyer. They usually include medical costs for the initial hospitalization and all follow-up care and treatment. They may also include the cost of a damaged vehicle or other property items such as clothing and household items. The cost of hiring someone to perform chores around the home or transport children to and from school or extracurricular activities can be included in these costs also.

Loss of wages is another common and important type of economic damages. They include not just lost wages due to the fact that you were forced to stay home from work because of your injuries, but they may also include lost productivity while recovering and any use of vacation days or sick days. In some instances it is possible to recover compensation in the event of a loss of future earning capacity. This is the case in the event that you cannot return to your previous job or earn the same amount.

These costs are easily identifiable and quantifiable. However other damages you could claim are less obvious. These damages that are not economic can be more difficult to quantify and include things like discomfort and pain disfigurement, loss of enjoyment in life.

How can you demonstrate these damages?

While some of the expenses in these categories are easy to prove with paperwork and receipts, other expenses may require expert testimony. For instance, in the event where an beaver dam accident attorney causes an extremely severe spinal cord injury that renders a person partially paralyzed or disabled, it could be necessary to consult with an occupational expert to determine the full impact of the injury. This can assist the jury or court to make a precise determination of what your full range of financial and personal impacts will be.

The most complicated types of economic losses are those that involve future medical expenses and lost earnings. You might be able to document these costs using a medical professional's estimation of your maximum medical improvement or when your recovery is expected to come to an end. You'll need to show that you'll suffer future financial loss. This can be accomplished by providing your pay stubs or expense receipts.

Insurance companies will try to avoid paying the total amount of damages they are legally obliged to pay. A personal injury lawyer who has the right 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 the full range of economic and non-economic damage resulting from an New York car accident or other personal injury incident.