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Types of Accident Compensation

Typically, this type of compensation covers medical bills including prescription devices and drugs as well as physical therapy and surgery. The compensation could include future earnings potential.

This type of payment can be described as "general damages." However, determining the value of these damages is difficult because insurers employ different methods of calculation.

Economic Damages





Economic damages are the tangible and quantifiable expenses resulting from an accident. They include out-of-pocket expenses, losses from missed work damages to property and future financial losses attributed to disability or injury. These costs are figured by juries and courts based on documents like hospital bills, pharmacy receipts and estimates for vehicle repairs.

These are the immediate expenses of a crash, and are simple to prove. They cover medical expenses, for example, the first hospital stay, and any subsequent care and treatment. They can also include the cost of a damaged vehicle or other property items, like clothing and household items. 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 other activities.

Loss of wages is another common and important category of economic damages. This includes not only the wages you have missed due to your injuries, but also any productivity loss during your recovery as well as vacation or sick days. In some cases you can recover compensation for the loss of future earning capacity. This is the case in the event that you cannot return to your former career or earn the equivalent amount.

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

How Do You Prove These Damages?

Certain expenses can be substantiated by submitting receipts and documents, but others may require expert testimony. If an accident causes severe spinal injury that renders the victim partially paralyzed, it could be required to consult with an occupational specialist to determine how the injury will affect the victim. This can help the jury or court make an accurate assessment of your financial and personal impact.

The most complex economic losses are those relating to future medical costs and lost earnings. You may be able to document these costs using a medical professional's estimation of your best medical improvement or when your recovery is expected to come to an end. However, pennsylvania accident lawyer 'll have to prove the future financial loss by providing pay invoices, stubs and other evidence of your current and past income.

Insurance companies will try to avoid paying the full amount of damages that they have to pay legally. A personal injury lawyer who is experienced will ensure that you receive all the compensation damages you are entitled to. Contact Dennis and King today to set up an appointment at no cost. We can assist you in pursuing the full range of your economic and non-economic damage resulting from an New York car accident or any other personal injury or accident.