Bildewillumsen8424

Types of Accident Compensation

Typically, this type of compensation covers medical bills including prescription devices and drugs, physical therapy and surgery. The compensation could also be used to pay for future earnings.

This type of compensation is sometimes referred to "general damages." It isn't always easy to determine the value of these damages 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 financial losses that are expected due to the injury or disability. Courts and juries usually calculate these costs using documentation like pharmacy receipts, hospital bills and estimates of vehicle repairs.

These costs are fairly simple to prove and are the most immediate expenses associated with the event of a crash. They include medical expenses, like the initial hospital stay and all subsequent care and treatment. They can also include the cost to repair damaged cars or other property items, such as clothes and household products. They could also include the cost of hiring someone else to help with housework or driving your children to school or other events.

Loss of wages is another important category of economic damages. These include not only your missed wages from the time you had to stay home from work because of your injuries, but they can also take into account lost productivity while recovering as well as any sick days or vacation leave. In certain instances you may even be able to claim compensation for the loss of your future earning capacity in the event that your injury prevents you from returning to your previous job or prevents you from earning the same amount in the future.

While these expenses are evident and easily quantifiable, many of the other damages you can claim are not as clear. These non-economic damages are sometimes more difficult to quantify and could include things like pain and suffering, disfigurement or loss of enjoyment of life.

What can you prove to prove these Damages?

Certain expenses can be substantiated by submitting receipts and documents, but others may require expert testimony. When an accident causes severe spinal injury that causes the victim to be partially paralyzed it may be required to consult with an occupational specialist to determine the impact of the injury on the victim. This can assist the court or jury determine the exact extent of your financial and personal impact.

The most complicated economic losses are those that involve future medical expenses and loss of earnings. It is possible to document these costs using a medical professional's estimation of your maximum medical improvement or when your recovery is likely to come to an end. However, you will need to prove the future financial loss by providing pay invoices, stubs and other proof of your current and past income.





Insurance companies are trying to avoid paying as much damages as they are legally required to. A personal injury lawyer who is experienced can ensure that you get all the compensation damages you are entitled to. Dennis and King will schedule a no-cost consultation. miami gardens accident law firm can help you pursue all of your economic and non-economic damage resulting from a New York car accident or another personal injury event.