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Types of Accident Compensation

Typically, this kind of compensation covers medical expenses like prescription devices and drugs, physical therapy and surgery. This compensation may also cover future earnings potential.

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

Economic Damages

Economic damages are the tangible and measurable costs resulting from an accident. These include out-of pocket expenses including lost wages damages to property, and future financial losses resulting from the injury or disability. These costs are determined by juries and courts using documents such as hospital bills, pharmacy receipts and estimates of repairs to the vehicle.

These are the immediate expenses of a crash, and are simple to prove. They include medical expenses, such as the first hospital stay, and any subsequent care and treatment. These expenses may also include the cost to repair damaged cars or other items of property, such as clothes and household items. These expenses can also include the cost of hiring a person to assist with household chores or transport your children to school or any other extracurricular activities.

The loss of wages is an additional important type of economic loss. They include not just missing wages from the time you were forced to stay home from work due to your injuries, but they can also include the loss of productivity during recovery and any use of vacation or sick leave. In certain cases, you can even recover compensation for the loss of your potential earnings in the event that your injury prevents you from returning to your former job or prevents you from earning the same amount in the future.

These costs are quite clear and quantifiable. However, other damages that you can claim may be more difficult to prove. These damages that are not economic can be more difficult to quantify and could include things like pain and suffering, disfigurement or loss of enjoyment.

How do you show these damages?

While some of the costs within these categories are straightforward and can be substantiated with paperwork and receipts Other expenses might require expert testimony. For instance, in the event when an accident attorneys; try what he says, results in serious spinal cord injuries which leaves a victim partially paralyzed, it may be necessary to speak with an occupational specialist to determine the full impact of the injury. This can aid the jury or the court determine the true extent of your financial and personal impact.

The most complicated forms of economic damages are those that involve future medical expenses and lost earnings. It may be possible to document these costs by using a medical professional's assessment of when you will reach maximum medical improvement, or when your recovery is likely be over. However, you'll have to prove your financial loss by providing pay invoices, stubs and other proof of your present and previous income.

Insurance companies try to keep from paying as much damages as they are required to. A personal injury lawyer who is skilled will ensure that you receive all the compensatory damages you are entitled to. Dennis and King can schedule a no-cost consultation. We can assist you in pursuing the full spectrum of your economic and non-economic damages following an New York car accident or other personal injury incident.