Types of Accident Compensation

Typically, this type payment covers medical expenses, such as prescription devices and drugs as well as physical therapy and surgery. This compensation may also cover future earnings potential.

This type of compensation may be referred to as "general damages." It isn't always easy to determine the value of these damages due to the fact that insurers employ different methods of calculation.

Economic Damages

Economic damages are the tangible, measurable costs that result from an accident. They include out-of-pocket expenses such as lost wages damages to property, and financial losses that will come from the injury or disability. Courts and juries usually calculate these costs using documents such as hospital bills, pharmacy receipts and estimates for vehicle repairs.

These costs are relatively easy to prove and are among the most immediate expenses incurred by an accident. They cover medical expenses, for example, the first hospitalization and any subsequent care and treatment. These expenses can also include the cost to repair damaged vehicles or other items of property such as clothing and household goods. The cost of hiring someone to do chores around the home or transport children to and from school or other activities may be included in these costs and more.

Lost wages are a different and important category of economic damages. This is not just the income you lost because of your injuries but also any lost productivity during your recovery and any vacation or sick days. In certain cases it is possible to recover compensation in the event of a loss of future earnings capacity. This is the situation when you are unable to return to your previous career or earn the same amount.

The costs are pretty clear and measurable. However other damages you can claim may be less so. Non-economic damages are more difficult to quantify, and include things like pain and Vimeo discomfort or disfigurement as well as the loss of enjoyment.

What can you prove to prove these Damages?

While a few of the expenses in these categories are simple and can be proved with paperwork and receipts, other expenses may require expert testimony. If an accident causes a severe spinal injury that leaves the victim partially paralyzed it may be necessary to consult an occupational specialist to determine how the injury will affect the victim. This will help the court or jury to make a precise determination of what your total personal and financial implications will be.

The most complicated economic damages are those that relate to future medical costs and lost earnings. You may be able to document these costs using a medical professional's estimate of your best medical improvement or when your recovery is expected to end. You must prove that you'll suffer future financial loss. This can be accomplished by making a submission of your pay stubs and expense receipts.

Insurance companies attempt to keep from paying as much damages as they are legally required to. A personal injury lawyer who is experienced can ensure you receive all the compensation damages you are entitled to. Contact Dennis and King today to schedule an appointment for a no-cost consultation. We can help you seek the full range of non-economic and financial injuries resulting from a New York car herkimer accident law firm or another personal injury event.