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Types of Accident Compensation

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

This type of compensation may be referred to as "general damages." It can be difficult to determine the amount of these damages because insurers use different methods of calculation.

Economic Damages

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

These costs are fairly simple to prove and are among the most immediate costs associated with an accident attorney. They cover medical expenses like the initial hospital stay and accident Law firms all subsequent care and treatment. They can also comprise the cost of repairing damaged cars or other property items, like clothes and household items. The cost of hiring someone to perform chores around the house or take children to and Legal from school, or extracurricular activities can be included in these costs as well.

Loss of wages is another common and important category of economic damages. These include not just missed wages from the time you were forced to stay home from work due to injuries, but they can also include the loss of productivity in recovering, as well as any use of vacation or sick leave. In certain instances you could even receive compensation for the loss of your potential earnings if your injury prevents you from returning to your former job or prevents you from earning the same amount in the future.

While these expenses are clear and measurable, some of the other damages that you can claim are not as clear. These non-economic damages are more difficult to quantify and include things like discomfort and pain or disfigurement, as well as the loss of enjoyment.

How can you prove the damage?

Some expenses can be proved by means of receipts and papers However, others might require expert testimony. For instance, in situations that an accident causes an extremely severe spinal cord injury that leaves the victim partially paralyzed, then it could be necessary to consult an occupational specialist to assess the full impact of the injury. This will aid the jury or the court to make a precise determination of what your full range of personal and financial impacts will be.

The most complex types of economic damages are those that relate to future medical expenses and lost earnings. You may be able prove these expenses by using a medical professional’s estimate of your greatest medical improvement or when your recovery is expected to come to an end. However, you'll need to prove your financial loss by providing pay statements, expense receipts, and other evidence of your past and present income.

Insurance companies try to avoid paying as much damages as they are legally required to. A seasoned personal injury lawyer will ensure that you receive the compensation to which you are entitled. Contact Dennis and King today to set up an initial consultation for free. We can assist you in pursuing the full spectrum of your economic and non-economic damages after a New York car accident or another personal injury event.