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Types of Accident Compensation

This type of compensation usually includes medical expenses, which include prescription drugs and devices, physical therapy, and surgeries. This type of compensation can also cover future earnings potential.

This type of compensation can be described as "general damages." It can be difficult to determine the amount of these damages because insurers employ different methods of calculation.

Economic Damages

Economic damages are the tangible, quantifiable costs that result from an accident. They include out-of-pocket expenses and losses resulting from the absence of work as well as property damage costs. future financial losses attributed to disability or injury. These costs are calculated by juries and courts using documents like hospital bills, pharmacy receipts, and estimates for vehicle repairs.

These are the direct costs of a crash, and are easy to prove. They usually include medical costs for the initial hospitalization and any follow-up treatment and care. They can also include the cost of repairing damaged cars or other items of property, including household and clothing products. These expenses can also include the cost of hiring a third party to help with housework or driving your children to school or any other extracurricular events.

san mateo accident lawsuit of wages is another important type of economic loss. This includes not only the wages you have missed because of your injuries but also any productivity loss during your recovery and any vacation or sick days. In some instances, compensation can be recovered for the loss of future earning capacity. This is the situation in the event that you cannot return to your former career or earn the equivalent amount.

The costs are pretty clear and measurable. However, other damages that you are able to claim could be less clear. These non-economic damages can be more difficult to quantify and may include things like pain and suffering, disfigurement, and loss of enjoyment.

How can you prove these Damages?

While a few of the expenses in these categories are simple and can be proved by receipts and paperwork Other expenses might require expert testimony. For instance, in the event when an accident results in serious spinal cord injuries that leaves the victim partially paralyzed, it may be necessary to speak with an occupational expert to determine the full impact of the injury. This will assist the jury or court make an accurate assessment of your financial and personal impact.

The most complicated forms of economic losses are those that concern future medical expenses and lost earnings. It is possible to document these costs with the help of a medical professional's estimation of when you'll achieve the point of maximum medical improvement or the time when your recovery will likely come to an end. You will need to prove that you are likely to suffer a future financial loss. This can be done by making a submission of your pay stubs and expense receipts.





Insurance companies will try to avoid paying the entire amount of damages they are legally required to pay. A competent personal injury lawyer will ensure that you receive all the compensation to which you are entitled. Contact Dennis and King today to schedule an appointment at no cost. We can assist you in pursuing all of non-economic and financial damages after an New York car accident or any other personal injury or accident.