Types of Accident Compensation

This kind of compensation typically includes medical expenses, which include prescription drugs, devices, physical therapy and even surgery. It may also cover loss of future earnings.

This type of payment can be referred to as "general damages." It isn't always easy to determine the amount of these damages because insurers use different methods for Accident Compensation calculation.

Economic Damages

Economic damages are the tangible and measurable cost of an accident compensation claim. These include expenses out of pocket as well as the loss resulting from a missed work, property damage costs and future financial losses attributed to the disability or injury. Courts and juries usually calculate these costs using documentation like pharmacy receipts, hospital bills and estimates for vehicle repairs.

These costs are fairly simple to prove and are among the most immediate expenses associated with the event of a crash. They usually include medical expenses for the initial hospital stay, and all follow-up care and treatment. These expenses may also include the cost to repair damaged vehicles or other property items, including household and clothing products. These costs can also include the cost of hiring someone else to do housework or drive your children to school or other extracurricular activities.

Lost wages are another frequent and significant category of economic damages. This is not just the lost wages because of your injuries but also any lost productivity during your recovery and any vacation or sick days. In some cases you may even be able to claim compensation for the loss of your future earning potential in the event that your injury prevents you from returning to your previous career or prevents you from earning the same amount in the future.

While these costs are easy to quantify, some of the other damages you can claim are less so. These non-economic damages can be more difficult to quantify, and include things like pain and discomfort or disfigurement as well as loss of enjoyment.

How Can You Prove These Damages?

Certain expenses can be established by submitting receipts and documents Some expenses can be proven with receipts and paperwork, accident compensation while others require expert testimony. If an accident law firm results in a severe spinal injury that leaves the victim partially paralyzed it may be necessary to consult an occupational expert to determine how the injury will affect the victim. This will assist the court or jury make an accurate assessment of your personal and financial impact.

The most complicated types of economic damages are those that involve future medical expenses and lost earnings. It may be possible to document these costs using a medical professional's estimate of when you will reach the point of maximum medical improvement or when your recovery is likely to come to an end. You will need to prove that you'll suffer a future financial loss. This can be accomplished by sending in your pay stubs, or expense receipts.

Insurance companies try to avoid paying the entire amount of damages they have to pay legally. A seasoned personal injury lawyer can ensure that you get all compensatory damages to which you are entitled. Contact Dennis and King today to schedule an appointment at no cost. We can help you seek the full range of your economic and non-economic injuries resulting from a New York car accident attorneys or any other personal injury or accident claims.