Types of Accident Compensation

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

This type of compensation may be described as "general damages." However, determining the value of these damages is complicated because insurers use different calculation methods.

Economic Damages

Economic damages are the tangible, measurable expenses that result from an accident. These include out-of pocket expenses as well as the loss resulting from a missed work damages to property and future anticipated financial losses due to the disability or injury. Courts and juries usually calculate these costs using documents such as hospital bills, pharmacy receipts and estimates for vehicle repairs.

These expenses are relatively simple to prove and are the most immediate expenses that are incurred in the event of a crash. They include medical costs, like the initial hospital stay, and any subsequent treatment and care. They can also include the cost of repairing damaged vehicles or other items of property including household and clothing items. The cost of hiring someone to perform chores around the home or drive children to and from school or extracurricular activities can be included in these expenses, as well.

The loss of wages is a different important category of economic damages. This is not just the lost wages due to your injuries but also the lost productivity during your recovery and any vacation or springmall.net sick days. In certain cases you could even receive compensation for the loss of your potential earnings when your injury stops you from returning to your previous job or hinders you from earning the same amount in the future.

These costs are fairly clear and measurable. However, other damages that you can claim may be more difficult to prove. These non-economic damages are sometimes more difficult to quantify and may include things like pain and suffering, disfigurement or loss of enjoyment.

How do you show these damages?

Some expenses can be proved through receipts or paperwork However, others might require expert testimony. In cases where an accident results in a severe spinal injury that renders the victim partially paralyzed it may be required to consult with an occupational specialist to determine the impact of the injury on the victim. This will aid the jury or the court determine the true extent of your financial and personal impact.

The most complicated kinds of economic damages are those that involve future medical expenses and lost earnings. It may be possible to document these costs with the help of a medical professional's estimation of when you will reach maximum medical improvement, or when your recovery is likely to be over. You must prove that you'll suffer a future financial loss. This can be done by submitting your pay stubs or expense receipts.

Insurance companies are trying to avoid paying as much in damages as they are legally required to. A seasoned personal injury lawyer can make sure that you receive the compensation to which you are entitled. Dennis and King can set up a free consultation. We can assist you in pursuing the full spectrum of economic and non-economic damages after a New York car accident or any other personal injury or marshfield accident lawsuit.