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Types of Accident Compensation

This type of compensation typically covers medical costs, including prescription medications as well as devices, physical therapy, and surgery. This compensation may also be used to pay for future earnings.

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

Economic Damages

Economic damages are the tangible and measurable costs resulting from an accident Law Firm. These include out-of pocket expenses and losses resulting from the absence of work as well as property damage costs. the potential for future financial losses due to the disability or injury. The courts and juries usually determine these costs based on documentation such as hospital bills, pharmacy receipts and vehicle repair estimates.

These are the immediate expenses of a crash and are easy to prove. They cover medical expenses for example, the first hospitalization and any subsequent care and treatment. They can also include the cost of repairs to a damaged vehicle or other property items like clothing and household items. The cost of hiring someone to do chores around the home or transport children to and from school or other activities may be included and more.

Lost wages are another common and important category of economic damages. This is not just the lost wages due to your injuries, but also any loss of productivity during your recovery as well as vacation or sick days. In certain cases you could even receive compensation for the loss of your future earning capacity If your injury hinders you from returning to your former job or stops you from earning the same amount in the future.

These costs are quite clear and quantifiable. However, other damages that you could claim are less so. These damages that are not economic can be more difficult to quantify, and include things like discomfort and pain, disfigurement, and loss of enjoyment.

How can you prove these Damages?

Certain expenses can be established by means of receipts and papers Some expenses can be proven with receipts and paperwork, while others require expert testimony. In cases where an accident attorney causes severe spinal injury that leaves the victim partially paralyzed, it might be required to consult with an occupational specialist to determine the impact of the injury on the victim. This will help the jury or court to make a precise assessment of your personal and financial impact.

The most complicated economic damages are those related to future medical expenses and loss of earnings. You might be able to document these costs using a medical professional's estimation of your greatest medical improvement or when your recovery is likely to come to an end. But, you'll need to prove the future financial loss by submitting pay stubs, expense receipts and other proof of your current and past income.

Insurance companies attempt to keep from paying as much damages as they are required to. A knowledgeable personal injury lawyer can ensure that you receive all the compensatory damages to which you are entitled. Contact Dennis and King today to schedule an appointment for a no-cost consultation. We can help you recover all of your financial and other damages after a New York auto accident lawsuit or personal injury.