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Types of Accident Compensation

Typically, this type of compensation covers medical expenses like prescription drugs and devices, physical therapy and surgery. The compensation could also be used to cover future earnings.

This type of compensation is commonly referred to as "general damages." However, determining the value of these damages is difficult because insurers employ different calculation methods.

Economic Damages

Economic damages are the tangible and measurable cost of an accident. These include out-of pocket expenses, lost wages as well as property damage costs and financial losses that will come from the disability or injury. The courts and juries usually determine these costs using documentation like hospital bills, pharmacy receipts and estimates of vehicle repairs.

These costs are fairly simple to prove and are among the most immediate costs associated with a crash. They usually include medical expenses, such as the initial hospital stay, and all subsequent care and treatment. These expenses may also include the cost to repair a damaged car or other items of property, like clothes and household goods. The cost of hiring someone to perform chores around the home or transport children to and from school, or extracurricular activities could be included in these expenses and more.

The loss of wages is a different important type of economic loss. This includes not only the lost wages because of your injuries but also the lost productivity during your recovery as well as sick days or vacation leaves. In some instances it is possible to recover compensation for the loss of future earnings capacity. This is the case when you are unable to return to your previous job or Vimeo earn the equivalent amount.

These costs are fairly clear and measurable. However, other damages that you are able to claim could be less clear. These damages that are not economic can be more difficult to quantify and may include things like pain and suffering, disfigurement, and Vimeo loss of enjoyment of life.

How Do You Prove These Damages?

Some expenses can be proved through receipts or paperwork, but others may require expert testimony. When an accident causes severe spinal injury that causes the victim to be partially paralyzed, it could be required to consult with an occupational expert to determine how the injury will affect the victim. This can help the jury or court to make a precise assessment of your personal and financial impact.

The most complex types of economic damages are those that concern future medical expenses and lost earnings. You may be able to record these expenses using a medical professional’s estimation of your greatest medical improvement or Vimeo when your recovery is likely to come to an end. You will need to prove that you'll suffer future financial loss. This can be done by submitting your pay stubs or expense receipts.

Insurance companies are often trying to avoid paying the total amount of the damages they must legally pay. A personal injury lawyer who is skilled will ensure that you receive all of the compensatory damages you are entitled to. Dennis and King will be able to schedule a free consultation. We can assist you in pursuing the full spectrum of economic and non-economic injuries resulting from a New York car birmingham accident lawsuit or other personal injury incident.