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Types of Accident Compensation

This type of compensation usually includes medical expenses, which include prescription medications and devices, physical therapy and surgery. This type of compensation can include future earnings potential.

This type of payment can be described as "general damages." However, determining the value of these damages is difficult because insurers employ different methods of calculation.

Economic Damages

Economic damages are the tangible, quantifiable costs that result from an accident lawyers. These include out-of pocket expenses including lost wages, property damage costs, accident compensation and financial losses that will come from the injury or disability. Juries and courts usually calculate these costs based on documentation such as pharmacy receipts, hospital bills and estimates of vehicle repairs.

They are fairly easy to prove and are among the most immediate expenses associated with the event of a crash. They cover medical expenses such as the first hospital stay and all subsequent treatment and care. They can also comprise the cost of repairing damaged vehicles or other property items, including household and clothing products. The cost of hiring a person to do chores around the house or transport children to and from school, or extracurricular activities can be included, as well.

The loss of wages is a different important type of economic loss. This includes not only the wages you have missed because of your injuries but also any productivity loss while you recover, and any vacation or sick days. In some cases you could even receive compensation for the loss of your future earning capacity when your injury stops you from returning to your former career or prevents you from earning the same amount in the future.

These costs are quite clear 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 or disfigurement, as well as loss of enjoyment.

How Do You Prove These Damages?

While some of the costs in these categories are simple and can be proved by receipts and paperwork Certain expenses may require expert testimony. In the event that an accident compensation causes a severe spinal injury that causes the victim to be partially paralyzed it may be necessary to consult an occupational expert to determine how the injury will affect the victim. This will help the jury or court determine the exact extent of your financial and personal impact.

The most complicated kinds of economic damages are those relating to future medical expenses and lost earnings. It may be possible to document these expenses by using a medical professional's assessment of when you will reach maximum medical improvement, or when your recovery is likely end. But, you'll need to prove your financial loss by providing pay bills, expense receipts and other proof of your past and present income.

Insurance companies will try to avoid paying the total amount of the damages they have to pay legally. A personal injury lawyer with experience can ensure that you get all the compensation you are entitled to. Contact Dennis and King today to set up an appointment at no cost. We can assist you in pursuing all of your non-economic and economic injuries resulting from a New York car accident lawsuits or another personal injury event.