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Types of accident lawsuit Compensation

Typically, this form of compensation covers medical bills including prescription drugs and devices as well as physical therapy and surgery. It may also cover the loss of future earning potential.

This type of compensation is usually referred to as "general damages." It isn't always easy to determine the value of these damages since insurers use different methods of calculation.

Economic Damages

Economic damages are the tangible, quantifiable costs that result from an accident. These are expenses that are out of pocket such as lost wages and property damage costs and future financial losses resulting from the injury or disability. The courts and juries usually determine these costs by using documents like hospital bills, pharmacy receipts and estimates of vehicle repairs.

These are the direct costs of a crash and are simple to prove. They often include medical expenses for the initial hospital stay, and any follow-up treatment and care. These costs can also include the cost of fixing a damaged car or other items of property, like clothes and household goods. These expenses could also include the cost of hiring someone else to take care of household chores or driving your children to school or extracurricular activities.

Loss of wages is another common and important category of economic damages. This includes not only the income you lost due to your injuries, but also any loss of productivity during your recovery as well as vacation or sick days. In certain cases you can recover compensation for the loss of future earning capacity. This is the case when you are unable to resume your previous work or earn the equivalent amount.

These costs are easily identifiable and quantifiable. However other damages you are able to claim could be less obvious. These non-economic damages are sometimes more difficult to quantify, and could include things like pain and suffering, disfigurement, and loss of enjoyment of life.

How can you prove these Damages?

Some expenses can be proved through receipts or paperwork However, others might require expert testimony. For instance, in the event where an Accident Attorneys leads to a severe spinal cord injury which leaves a victim partially paralyzed, it may be necessary to consult an occupational expert to determine the full impact of the injury. This can aid the jury or the court to determine the full extent of personal and financial implications will be.

The most complex economic losses are those that relate to future medical expenses and loss of earnings. It may be possible to document these costs with the help of a medical professional's estimation of when you will reach the point of maximum medical improvement or when your recovery is likely to end. However, you'll need to prove your financial loss by submitting pay statements, expense receipts, and other proof of your current and past income.

Insurance companies are trying to not pay as much damages as they are legally required to. A personal injury lawyer with experience will ensure you receive all the compensatory damages you are entitled to. Dennis and King can schedule a no-cost consultation. We can help you seek the full spectrum of non-economic and financial damages following an New York car accident or other personal injury incident.