Types of
canby accident law firm Compensation
Typically, this type of compensation covers medical expenses like prescription devices and drugs, physical therapy and surgery. It may also cover loss of future earnings.
This type of compensation can be referred to as "general damages." However, determining the value of these damages can be difficult as insurers use 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 as well as property damage costs. future anticipated financial losses due to disability or injury. These costs are estimated by juries and courts using documents like hospital bills, pharmacy receipts, as well as vehicle repair estimates.
These are the immediate expenses of a crash and are easy to prove. They often include medical expenses like the initial hospital stay, and all subsequent care and treatment. They can also include the cost to repair a damaged car or other items of property, like clothes and household products. The cost of hiring someone to do chores around the house or take children to and from school or other activities may be included in these costs as well.
Lost wages are a different and significant category of economic damages. This is not just the wages you have missed because of your injuries but also any productivity loss while you recover, and any vacation or sick days. In some instances you could even receive compensation for the loss of your potential earnings when your injury stops you from returning to your former job or hinders you from earning the same amount in the future.
These costs are easily identifiable and quantifiable. However other damages you can claim are less obvious. These non-economic damages can be more difficult to quantify and may include things like pain and suffering, disfigurement, and loss of enjoyment.
What can you do to demonstrate these damages?
Certain expenses can be established with receipts and paperwork, but others may require expert testimony. When an accident causes severe spinal injury that causes the victim to be partially paralyzed, then it is required to consult with an occupational specialist to determine how the injury will affect the victim. This can help the court or jury make an accurate determination of what your total personal and financial implications will be.
The most complex economic losses are those that involve future medical costs and lost earnings. It is possible to prove these expenses by using a medical professional's estimate of your maximum improvement in your medical condition or when your recovery is likely to be over. But, you'll need to prove your future financial loss by providing pay stubs, expense receipts as well as other proof of your current and previous income.
Insurance companies will try to avoid paying the entire amount of damages they have to pay legally. A personal injury lawyer with experience will ensure that you receive all of the compensatory damages you are entitled to. Contact Dennis and King today to schedule an initial consultation for free. We can assist you in recovering all of your financial and other damages after a New York auto
Stuart Accident Lawsuit or personal injury.
