Guide To Accident Litigation: The Intermediate Guide On Accident Litigation

Types of Accident Compensation

Typically, this kind of compensation covers medical bills including prescription devices and drugs including physical therapy and surgery. This type of compensation can include future earnings potential.

This kind of compensation is commonly referred to as "general damages." However, determining the value of these damages is difficult since insurers employ different calculation methods.

Economic Damages

Economic damages are the tangible and measurable expenses resulting from an accident. These include out-of-pocket expenses as well as the loss resulting from a missed work cost for property damage, and future anticipated financial losses due to the disability or injury. These costs are estimated by juries and courts using documents such as hospital bills, pharmacy receipts, as well as vehicle repair estimates.

These costs are fairly simple to prove and are among the most immediate expenses incurred by an accident. They usually include medical expenses for the initial hospitalization and all subsequent care and treatment. They may also include the cost of a damaged vehicle or other property items, including household and clothing products. The cost of hiring someone to do chores around the house or drive children to and from school or extracurricular activities could be included in these costs also.

Loss of wages is another important category of economic damages. This includes not only the income you lost due to your injuries but also any lost productivity during your recovery as well as vacation or sick days. In certain cases, compensation can be recovered for the loss of future earnings capacity. This is the case when you are unable to return to your former career or earn the equivalent amount.

While these expenses are transparent and quantifiable, some of the other damages that you can claim are less clear. These non-economic damages can be more difficult to quantify and can include things like pain and suffering, disfigurement and loss of enjoyment of life.

How do you show these damages?

Certain expenses can be proven through receipts or Accident paperwork, but others may require expert testimony. For example, in cases where an accident leads to serious spinal cord injuries that renders a person partially paralyzed, then it could be necessary to consult an occupational expert to determine the full impact of the injury. This will assist the court or jury determine the true extent of your personal and financial impact.

The most complicated kinds of economic damages are those that relate to future medical expenses and lost earnings. You may be able document these costs using a medical professional’s estimate of your greatest medical improvement or when your recovery is expected to come to an end. But, you'll need to prove your financial loss by providing pay invoices, stubs and other evidence of your present and previous income.

Insurance companies attempt to not pay as much damages as they are legally required to. A seasoned personal injury lawyer will ensure that you receive all compensatory damages to which you are entitled. Contact Dennis and King today to schedule an appointment at no cost. We can assist you in pursuing all of economic and non-economic damages following a New York car accident or other personal injury accident attorney (Mspeech.Kr).