Guide To Accident Litigation: The Intermediate Guide To Accident Litigation

DWQA QuestionsCategory: QuestionsGuide To Accident Litigation: The Intermediate Guide To Accident Litigation
Hanna Peck asked 3 weeks ago

Types of Accident Compensation

This type of compensation typically covers medical expenses, such as prescription medications as well as devices, physical therapy and surgery. The compensation could include future earnings potential.

This type of compensation is often called “general damages.” It isn’t always easy to determine the value of these damages due to the fact that insurers use different methods of calculation.

Economic Damages

Economic damages are the tangible and quantifiable cost of an accident. These include out-of pocket expenses, lost wages as well as property damage costs and future financial losses resulting from the disability or injury. These costs are figured by juries and courts based on documents like hospital bills, pharmacy receipts, and estimates for accident repairs to vehicles.

These expenses are relatively simple to prove and are the most immediate expenses associated with an accident. They often include medical expenses for the initial hospitalization and all subsequent treatment and care. They may also include the cost of repairing or replacing a damaged vehicle or other property items, such as clothing and household products. These expenses could also include the cost of hiring someone else to help with housework or driving your children to school or extracurricular events.

Lost wages are another common and important category of economic damages. These include not just missed wages from the time you were forced to stay home from work due to your injuries, but they could also take into account lost productivity while recovering as well as 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 previous job or earn the equivalent amount.

While these costs are easy to quantify, some of the other damages that you can claim are less so. Non-economic damages are more difficult to quantify and include things like discomfort and pain or disfigurement as well as loss of enjoyment.

How can you prove the damage?

Some expenses can be proved by means of receipts and accident papers However, others might require expert testimony. For example, in cases where an accident leads to an extensive spinal cord injury that leaves a victim partially paralyzed, it might be necessary to speak with an occupational specialist to assess the full impact of the injury. This can help the jury or court to make a precise assessment of your personal and financial impact.

The most complicated kinds of economic damages are those relating to future medical expenses and lost earnings. It may be possible to document these costs by using a medical professional’s assessment of when you’ll achieve the point of maximum medical improvement or when your recovery is likely to end. You’ll need to prove that you’ll suffer a future financial loss. This can be accomplished by submitting your pay stubs or expense receipts.

Insurance companies try to avoid paying as much in damages as they are obligated to. A personal injury lawyer who is experienced can ensure you receive all the compensation you are entitled to. Contact Dennis and King today to schedule an appointment for a no-cost consultation. We can help you pursue all of your economic and non-economic damages after an New York car accident or other personal injury accident law firm.