20 Trailblazers Lead The Way In Accident Litigation

Types of Accident Compensation

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

This type of compensation can be referred to as "general damages." However, determining the value of these damages is complicated because insurers use different methods of calculation.

Economic Damages

Economic damages are the tangible and measurable expenses resulting from an accident attorneys (you can check here). These include out-of pocket expenses like lost wages, property damage costs, and future financial losses resulting from the injury or disability. These costs are calculated by juries and courts based on documents such as hospital bills, pharmacy receipts, and estimates of repairs to the vehicle.

These are the immediate costs of a crash, and are easy to prove. They usually include medical costs, such as the initial hospitalization and all subsequent treatment and care. These expenses may also comprise the cost of repairing damaged vehicles or other items of property, such as clothes and household goods. These expenses can also include the cost of hiring a person to help with housework or driving your children to school or Accident Attorneys extracurricular events.

The loss of wages is a different important aspect of economic damages. This is not just the wages you missed because of your injuries but also any productivity loss during your recovery as well as sick days or vacation leaves. In certain instances you could even receive compensation for the loss of your earning potential in the future when your injury stops you from returning to your previous job or prevents you from earning the same amount in the future.

Although these costs are evident and easily quantifiable, many of the other damages that you can claim are not as clear. These non-economic damages can be more difficult to quantify and could include things like pain and suffering, disfigurement or loss of enjoyment of life.

What can you do to show these damages?

Certain expenses can be substantiated by means of receipts and papers Some expenses can be proven with receipts and paperwork, while others require expert testimony. For instance, in the event when an accident lawsuit results in an extremely severe spinal cord injury which leaves a victim partially paralyzed or disabled, it could be necessary to consult an occupational specialist to assess the full impact of the injury. This can assist the jury or court to determine the full extent of financial and personal impacts will be.

The most complicated economic losses are those related to future medical expenses and loss of earnings. It is possible to document these expenses by utilizing a medical professional's estimate of when you'll reach the point of maximum medical improvement or when your recovery is likely to come to an end. You'll need to show that you'll suffer future financial loss. This can be done by sending in your pay stubs, or Accident Attorneys expense receipts.

Insurance companies will try to avoid paying the total amount of damages they are legally obliged to pay. A competent personal injury lawyer can ensure that you get all compensation damages to which you are entitled. Contact Dennis and King today to schedule an appointment at no cost. We can help you pursue the full range of your economic and non-economic damage resulting from an New York car accident or other personal injury accident.