• 목록
• 답변
• 글쓰기
• 게시판 리스트 옵션
  • 수정
  • 삭제

Types of Accident Compensation

Typically, this kind of compensation is used to pay for medical expenses such as prescription devices and drugs, physical therapy and surgery. It could also cover the loss of future earnings.

This kind of compensation is sometimes referred to "general damages." However, determining the amount of these damages is difficult as insurers use different methods of calculation.

Economic Damages

Economic damages are the tangible and measurable costs resulting from an accident. These are expenses that are out of pocket including lost wages as well as property damage costs and future financial losses resulting from the injury or disability. These costs are figured by juries and courts based on documents like hospital bills, pharmacy receipts, as well as vehicle repair estimates.

These costs are relatively easy to prove and are the most immediate costs associated with an accident. They include medical expenses, like the initial hospitalization, as well as any subsequent care and treatment. They can also include the cost to repair damaged vehicles and other items of property, including household and clothing goods. These expenses can also include the cost of hiring a person to assist with household chores or transport your children to school or extracurricular activities.

Lost wages are another frequent and important type of economic damages. These include not just lost wages due to the fact that you were unable to work from work because of your injuries, but they could also include lost productivity while recovering as well as any use of vacation days or sick days. In certain cases you can also claim compensation for the loss of your earning potential in the future if your injury prevents you from returning to your previous job or stops you from earning the same amount in the future.

While these expenses are transparent and quantifiable, some of the other damages you could assert are less clear. These damages that are not economic can be more difficult to quantify, and could include things like pain and suffering, disfigurement, Accident attorneys and loss of enjoyment.

What can you do to show these damages?

While some of the costs in these categories are fairly straightforward and can be substantiated with receipts and documents Certain expenses may require expert testimony. For instance, in the event where an accident leads to an extensive spinal cord injury which leaves a victim partially paralyzed, then it could be necessary to speak with an occupational expert to determine the full impact of the injury. This will assist the jury or court determine the exact extent of your personal and financial impact.

The most complicated economic damages are those relating to future medical expenses and lost earnings. It is possible to document these expenses using a medical professional's estimate of when you'll achieve the point of maximum medical improvement or when your recovery will likely be over. You must prove that you will suffer a future financial loss. This can be done by submitting your pay stubs or expense receipts.

Insurance companies are trying to avoid paying as much damages as they are legally required to. A personal injury lawyer with experience will ensure you receive all the compensation damages you are entitled to. Contact Dennis and King today to schedule a free consultation. We can help you pursue the full spectrum of non-economic and financial damages after an New York car accident or other personal injury accident.