Types of Accident Compensation
This kind of compensation typically includes medical expenses, which include prescription medications or devices, physical therapy, and even surgery. It may also cover the loss of future earning potential.
This type of compensation is usually referred to as "general damages." However, determining the amount of these damages can be difficult because insurers employ different calculation methods.
Economic Damages
Economic damages are the tangible, measurable expenses that result from an accident. These include out-of-pocket expenses, losses from missed work cost for property damage, and future financial losses attributed to disability or injury. Courts and
vimeo juries usually calculate these costs using documents such as hospital bills, pharmacy receipts and estimates for vehicle repairs.
These are the direct costs of a crash and are simple to prove. They usually include medical expenses including the initial hospitalization and any follow-up treatment and care. They could also include the cost of repairs to a damaged vehicle or other property items such as clothing and household goods. These expenses can also include the cost of hiring a third party to take care of household chores or driving your children to school or extracurricular activities.
Lost wages are a different and significant category of economic damages. This includes not only the wages you have missed due to your injuries but also the lost productivity while you recover, and any vacation or sick days. In some cases, compensation can be recovered for the loss of future earnings capacity. This is the case if you are unable to return to your previous career or earn the same amount.
While these expenses are easy to quantify, some of the other damages that you can claim are less so. These non-economic damages are sometimes more difficult to quantify and can include things like pain and suffering, disfigurement and loss of enjoyment of life.
How can you demonstrate these damages?
Certain expenses can be established by submitting receipts and documents, but others may require expert testimony. For instance, in situations that an accident causes a severe spinal cord injury that leaves the victim partially paralyzed, it might be necessary to consult with an occupational expert to determine the full impact of the injury. This can help the court or jury determine with certainty what your total financial and personal impacts will be.
The most complicated economic damages are those related to future medical costs and lost earnings. You may be able prove these expenses by using a medical professional's estimation of your greatest medical improvement or when your recovery is expected to come to an end. You must prove that you are likely to suffer a future financial loss. This can be accomplished by providing your pay stubs or expense receipts.
Insurance companies attempt to keep from paying as much damages as they are obligated to. A skilled personal injury lawyer can make sure that you get all compensation to which you are entitled. Dennis and King can schedule a no-cost consultation. We can assist you in recovering all of your economic and other damages following an New York auto
edgerton accident attorney or personal injury.
