Types of Accident Compensation

Typically, this type compensation is used to pay for medical expenses such as prescription devices and drugs such as physical therapy, surgery and so on. It may also cover the loss of future earnings.

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

Economic Damages

Economic damages are the tangible and quantifiable costs resulting from an accident. These include out-of pocket expenses for lost wages due to missed work, property damage costs and future financial losses attributed to the injury or disability. These costs are figured by juries and courts based on documents like hospital bills, pharmacy receipts and estimates of repairs to the vehicle.

These are the immediate costs of a crash, and are simple to prove. They usually include medical expenses like the initial hospitalization and all subsequent care and treatment. They can also include the cost of fixing damaged cars or other items of property including household and clothing products. The cost of hiring someone to take care of chores around the house or drive children to and from school, or extracurricular activities can be included in these costs, as well.

Loss of wages is another important aspect of economic damages. This is not just the wages you have missed because of your injuries but also any loss of productivity during your recovery and any sick days or Beaumont accident lawsuit vacation leaves. In certain cases there is a possibility of recovering compensation in the event of a loss of future earning capacity. This is the case if you are unable to resume your previous work or earn the same amount.

The costs are pretty clear and measurable. However other damages you can claim may 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 the loss of enjoyment.

How do you prove the damage?

While some of the expenses within these categories are straightforward and can be proven by submitting receipts and papers Other expenses might require expert testimony. For instance, in cases where an Akron Accident law firm leads to serious spinal cord injuries that leaves a victim partially paralyzed, then it could be necessary to speak with an occupational specialist to assess the full impact of the injury. This can assist the court or jury make an accurate assessment of your personal and financial impact.

The most complicated economic losses are those that involve future medical expenses and lost earnings. You may be able document these costs by using a medical professional’s estimation of your maximum improvement in your medical condition or when your recovery is expected to end. However, you'll need to prove your future financial loss by providing pay bills, expense receipts and other evidence of your current and past income.

Insurance companies try to avoid paying the full amount of damages that they must legally pay. A personal injury lawyer who is skilled can ensure that you get all the compensation you are entitled to. Contact Dennis and King today to set up an appointment at no cost. We can help you recover all of your financial and other damages after the occurrence of a New York auto bellefonte accident lawyer or personal injury incident.