• 글쓰기
• 목록

Types of Accident Compensation

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

This kind of compensation could be described as "general damages." It can be challenging to determine the value of these damages as insurers use different methods for calculation.

Economic Damages

Economic damages are the tangible and measurable cost of an accident. These include out-of-pocket expenses including lost wages damages to property, and future financial losses resulting from the disability or injury. The courts and juries usually determine these costs by using documents like hospital bills, pharmacy receipts and estimates for repairs to vehicles.

These costs are fairly simple to prove and are among the most immediate expenses incurred by an accident. They usually include medical expenses including the initial hospital stay, and any follow-up treatment and care. They may also include the cost of repairing or replacing a damaged vehicle or other property items, including household and clothing products. These expenses can also include the cost of hiring a person to help with housework or driving your children to school or any other extracurricular events.

Lost wages are another common and important type of economic damages. They include not just missing wages from the time you were required to stay home from work due to injuries, but be a factor in the loss of productivity in recovering, as well as any use of vacation or sick leave. In some instances you can also claim compensation for the loss of your future earning capacity when your injury stops you from returning to your former job or prevents you from earning the same amount in the future.

These costs are quite clear and measurable. However other damages you are able to claim could be less clear. 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?

While a few of the expenses in these categories are fairly straightforward and can be proven with receipts and documents Other expenses might require expert testimony. For instance, in the event where an accident leads to an extensive spinal cord injury that renders a person partially paralyzed, it may be necessary to consult an occupational specialist to assess the full impact of the injury. This will assist the jury or court determine the true extent of your personal and financial impact.

The most complex economic damages are those related to future medical expenses as well as lost earnings. You may be able to prove these expenses by using a medical professional's estimation of your best medical improvement or when your recovery is likely to end. However, you'll need to prove your financial loss by providing pay bills, expense receipts and other evidence of your present and previous income.

Insurance companies attempt to avoid paying as much in damages as they are required to. A personal injury lawyer who has the right experience will ensure you receive all the compensatory damages you are entitled to. Contact Dennis and King today to schedule an initial consultation for free. We can assist you in pursuing the full range of your non-economic and economic damage resulting from an New York car accident lawsuit or other personal injury accident.