11 "Faux Pas" That Are Actually Okay To Create With Your Accident Litigation

Types of Accident Compensation

This type of compensation usually covers medical costs, including prescription medications and devices, physical therapy, and even surgery. This type of compensation can also be used to pay for future earnings.

This type of compensation is commonly referred to as "general damages." It can be challenging to determine the value of these damages due to the fact that insurers use different methods for calculation.

Economic Damages

Economic damages are the tangible, measurable expenses that result from an accident claims. These include out-of pocket expenses as well as the loss resulting from a missed work, property damage costs and future anticipated financial losses due to the injury or disability. These costs are determined by juries and courts based on documents like hospital bills, pharmacy receipts and accident compensation vehicle repair estimates.

These costs are fairly simple to prove and are among the most immediate costs associated with a crash. They usually include medical expenses like the initial hospitalization and all follow-up care and treatment. These expenses may also include the cost of repairing damaged vehicles and other items of property like clothes and household goods. The cost of hiring a person to do chores around the home or take children to and from school or extracurricular activities can be included in these expenses as well.

Loss of wages is another important category of economic damages. This is not just the wages you missed due to your injuries, but also the lost productivity during your recovery as well as vacation or accident compensation sick days. In certain instances, you can even recover 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.

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

How do you show these damages?

While some of the costs in these categories are easy to prove with paperwork and receipts However, some expenses will require expert testimony. For example, in cases where an accident lawyers leads to a severe spinal cord injury that leaves the victim partially paralyzed or disabled, it could be necessary to consult an occupational specialist to assess the full impact of the injury. This can assist the jury or court determine the exact extent of your financial and personal impact.

The most complicated economic losses are those that relate to future medical expenses and loss of earnings. It is possible to record these expenses using a medical professional’s estimation of your maximum improvement in your medical condition or when your recovery is expected to be over. You will need to prove that you'll suffer future financial loss. This can be accomplished by making a submission of your pay stubs and expense receipts.

Insurance companies will try to avoid paying the full amount of damages that they are legally required to pay. A personal injury lawyer who has the right experience will ensure that you receive all of the compensatory damages you are entitled to. Contact Dennis and King today to schedule a free consultation. We can help you pursue all of your non-economic and economic damages following an New York car accident lawyers or any other personal injury or accident compensation claims.