Types of Accident Compensation

This kind of compensation typically covers medical expenses, including prescription drugs or devices, physical therapy, and surgery. It could also cover the loss of future earnings potential.

This kind of compensation could be described as "general damages." However, determining the value of these damages can be complicated because insurers use different calculation methods.

Economic Damages

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

These costs are fairly simple to prove and are among the most immediate expenses associated with an accident. They usually include medical expenses, such as the initial hospitalization and any follow-up treatment and care. They can also include the cost of repairing damaged vehicles and other property items, including household and clothing items. These expenses could also include the cost of hiring a person to take care of household chores or driving your children to school or extracurricular events.

Loss of earnings is another important aspect of economic damages. This is not just 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, compensation can be recovered in the event of a loss of future earnings capacity. This is the situation if you are unable to return to your former career or earn the same amount.

While these expenses are easy to quantify, some of the other damages you could claim are less so. These non-economic damages are more difficult to quantify, and include things like pain and discomfort or disfigurement, as well as the loss of enjoyment.

How Do You Prove These Damages?

Certain expenses can be established by submitting receipts and documents However, others might require expert testimony. For instance, in situations when an portland accident law firm results in an extensive spinal cord injury that leaves a victim partially paralyzed, then it could be necessary to consult with an occupational specialist to determine the full impact of the injury. This will help the court or jury to make a precise determination of the full scope of personal and financial consequences will be.

The most complex types of economic damages are those that relate to future medical expenses and lost earnings. It may be possible to document these expenses by utilizing a medical professional's estimate of when you will reach maximum medical improvement, or when your recovery is likely to be over. However, you'll need to prove your future financial loss by providing pay invoices, stubs and other proof of your current and previous income.

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