공지사항

Types of Accident Compensation

Typically, this type compensation covers medical bills including prescription drugs and devices, physical therapy and surgery. This compensation may also cover future earnings potential.

This kind of compensation is commonly 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 measurable costs associated with an accident. These are expenses that are out of pocket, lost wages, property damage costs, and financial losses that will come from the disability or injury. Courts and juries usually calculate these costs by using documents like hospital bills, pharmacy receipts and estimates for vehicle repairs.

These are the direct costs of a crash and are easy to prove. They cover medical expenses such as the first hospitalization, as well as any subsequent care and treatment. These expenses can also comprise the cost of repairing damaged vehicles or other property items, including household and clothing goods. The cost of hiring someone to take care of chores around the home or drive children to and from school, or other activities may be included in these costs and more.

Loss of wages is another common and important category of economic damages. This includes not only the wages you missed because of your injuries but also the lost productivity during your recovery and any vacation or sick days. In some instances, compensation can be recovered in the event of a loss of future earning capacity. This is the situation when you are unable to resume your previous work or earn the equivalent amount.

The costs are pretty clear and measurable. However other damages you can claim are less so. These non-economic damages are sometimes more difficult to quantify, and could include things like pain and suffering, disfigurement, and loss of enjoyment.

How Can You Prove These Damages?

Certain expenses can be established by means of receipts and papers Some expenses can be proven with receipts and Accident Compensation paperwork, while others require expert testimony. If an accident compensation causes a severe spinal injury that leaves the victim partially paralyzed, then it is necessary to consult an occupational expert to determine the impact of the injury on the victim. This will assist the jury or court to determine what your full range of personal and financial impacts will be.

The most complex economic damages are those related to future medical expenses and loss of earnings. You might be able to document these costs using a medical professional’s estimate of your greatest medical improvement or when your recovery is likely to end. You will need to prove that you will suffer a future financial loss. This can be done by sending in your pay stubs, or expense receipts.

Insurance companies are trying to avoid paying as much damages as they are required to. A seasoned personal injury lawyer will ensure that you get all compensatory damages to which you are entitled. Dennis and King will schedule a no-cost consultation. We can assist you with the full range of your economic and non-economic damages after a New York car accident lawyer or other personal injury accident claim.