Ludvigsenhill3910

Types of Accident Compensation

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

This kind of compensation is sometimes referred to "general damages." However, determining the value of these damages is complicated because insurers use different calculation methods.

Economic Damages

Economic damages are the tangible, measurable costs that result from an accident. These are expenses that are out of pocket such as lost wages damages to property, and financial losses that will come from the injury or disability. The courts and juries usually determine these costs using documents such as pharmacy receipts, hospital bills and estimates for vehicle repairs.

These are the direct costs of a crash, and are easy to prove. They usually include medical costs like the initial hospital stay, and all follow-up care and treatment. They may also include the cost of repairs to a damaged vehicle or other property items, such as household and clothing products. These expenses could also include the cost of hiring a third party to do housework or drive your children to school or other events.

Loss of earnings is another important category of economic damages. These include not only your missed wages from the time you were required to stay home from work because of your injuries, but they may also take into account the loss of productivity during recovery and any use of vacation days or sick days. In some cases you could even receive compensation for the loss of your future earning capacity in the event that your injury prevents you from returning to your previous career or prevents you from earning the same amount in the future.





These costs are easily identifiable and quantifiable. However other damages you could claim are less clear. These damages that are not economic can be more difficult to quantify and include things like discomfort and pain or disfigurement as well as the loss of enjoyment.

How can you show these damages?

While a few of the expenses in these categories are straightforward and can be proven with paperwork and receipts, other expenses may require expert testimony. In the event that an accident results in a severe spinal injury that renders the victim partially paralyzed, then it is required to consult with an occupational specialist to determine the impact of the injury on the victim. santa clara accident attorney will assist the jury or court to make a precise assessment of your personal and financial impact.

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

Insurance companies will attempt to avoid paying the total amount of the damages they have to pay legally. A personal injury lawyer who is experienced will ensure that you receive all the compensatory damages you are entitled to. Contact Dennis and King today to set up an initial consultation for free. We can assist you in recovering all of your financial and other damages following a New York auto accident or personal injury incident.