Types of Accident Compensation

Typically, this form of compensation is used to pay for medical expenses such as prescription devices and drugs including physical therapy and surgery. It can also cover the loss of future earnings.

This type of compensation is commonly referred to as "general damages." It can be challenging to determine the value of these damages since insurers use different methods for calculation.

Economic Damages

Economic damages are the tangible and quantifiable costs resulting from an accident. They include out-of-pocket expenses including lost wages as well as 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 vehicle repairs.

These are the immediate expenses of a crash and are easy to prove. They cover medical expenses, like the initial hospital stay, and any subsequent care and treatment. They can also include the cost of a damaged vehicle or other property items including household and clothing items. These costs can also include the cost of hiring a third party to do housework or drive your children to school or extracurricular activities.

The loss of wages is a different important type of economic loss. These include not just missed earnings from the time you were forced to stay home from work because of your injuries, but they may also include lost productivity while recovering as well as any vacation or sick leave. In certain instances, you can even recover compensation for the loss of your future earning capacity in the event that your injury prevents you from returning to your previous job or hinders you from earning the same amount in the future.

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

What can you do to prove the damage?

While some of the expenses in these categories are simple and can be proved by receipts and paperwork, other expenses may require expert testimony. For instance, in cases where an lebanon accident attorney causes serious spinal cord injuries which leaves a victim partially paralyzed or disabled, it could be necessary to consult an occupational expert to determine the full impact of the injury. This can aid the jury or the court determine the exact extent of your financial and personal impact.

The most complicated economic damages are those that relate to future medical costs and lost earnings. It is possible to prove these expenses by using a medical professional’s estimate of your maximum improvement in your medical condition or when your recovery is likely to be over. But, you'll need to prove the future financial loss by providing pay bills, Vimeo.com expense receipts as well as other proof of your present and previous income.

Insurance companies are trying to not pay as much damages as they are legally required to. A skilled personal injury lawyer can make sure that you receive all the compensation damages to which are entitled. Contact Dennis and King today to schedule an appointment for a no-cost consultation. We can help you recover all of your economic and other damages after an New York auto accident or personal injury accident.