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Types of Accident Compensation

This type of compensation typically covers medical expenses, including prescription drugs and devices, physical therapy, and surgeries. This compensation may also be used to cover future earnings.

This kind of compensation could be referred to as "general damages." However, determining the amount of these damages is difficult as insurers use different methods of calculation.

Economic Damages

Economic damages are the tangible and measurable cost of an accident. They include out-of-pocket expenses for lost wages due to missed work, property damage costs and the potential for future financial losses due to the disability or injury. These costs are determined by juries and courts based on documents like hospital bills, pharmacy receipts and estimates of repairs to the vehicle.

These costs are fairly simple to prove and are the most immediate expenses incurred by a crash. They often include medical expenses like the initial hospitalization and all subsequent treatment and care. They could also include the cost of a damaged vehicle or other property items like clothing and household products. The cost of hiring someone to take care of chores around the house or transport children to and from school, or extracurricular activities can be included in these expenses and more.

Loss of earnings is another important aspect of economic damages. These include not just missing wages from the time you were forced to stay home from work because of your injuries, but they could include lost productivity while recovering as well as any use of sick days or vacation leave. In some cases you can also claim compensation for the loss of your earning potential in the future If your injury hinders you from returning to your previous job or stops you from earning the same amount in the future.





These costs are fairly clear and quantifiable. However other damages you can claim may be less so. These non-economic damages are more difficult to quantify, and include things like pain and discomfort or disfigurement, as well as loss of enjoyment in life.

What can you do to show these damages?

While some of the costs in these categories are fairly simple and can be proved with paperwork and receipts, other expenses may require expert testimony. When an accident results in a severe spinal injury that leaves the victim partially paralyzed, then it is required to consult with an occupational expert to determine how the injury will affect the victim. deerfield beach accident attorney can help the court or jury to make a precise determination of the full scope of personal and financial implications will be.

The most complex economic losses are those that involve future medical expenses as well as lost earnings. You may be able document these costs by using a medical professional’s estimation of your greatest medical improvement or when your recovery is likely to be over. You'll need to show that you'll suffer future financial loss. This can be done by sending in your pay stubs, or expense receipts.

Insurance companies are trying to avoid paying as much in damages as they are required to. A personal injury lawyer who has the right experience can ensure you receive all the compensation damages you are entitled to. Contact Dennis and King today to set up a free consultation. We can assist you in recovering all of your financial and other damages following an New York auto accident or personal injury.