Types of
accident lawsuit Compensation
Typically, this form of compensation covers medical expenses like prescription drugs and devices including physical therapy and surgery. This compensation may also be used to cover future earnings.
This type of compensation is sometimes referred to "general damages." It can be challenging to determine the value of these damages because insurers have different methods of calculation.
Economic Damages
Economic damages are the tangible, measurable costs that result from an accident. These include out-of pocket expenses, lost wages and property damage costs and financial losses that will come from the disability or injury. Courts and juries typically calculate these costs using documentation like hospital bills, pharmacy receipts and vehicle repair estimates.
These costs are relatively easy to prove and are the most immediate expenses associated with a crash. They typically include medical expenses, such as the initial hospital stay, and any follow-up treatment and care. They can also comprise the cost of repairing a damaged car or other items of property, including household and clothing items. These expenses can also include the cost of hiring someone else to assist with household chores or transport your children to school or any other extracurricular activities.
The loss of wages is an additional important aspect of economic damages. This includes not only the income you lost because of your injuries but also the lost productivity during your recovery as well as sick days or vacation leaves. In some instances you can also claim compensation for the loss of your future earning potential when your injury stops you from returning to your previous career or prevents you from earning the same amount in the future.
While these costs are evident and easily quantifiable, many of the other damages that you can assert are less clear. These non-economic damages are often more difficult to quantify, and
Accident lawsuit could include things like pain and suffering, disfigurement, and loss of enjoyment of life.
What can you prove to prove these Damages?
While some of the costs in these categories are fairly straightforward and can be substantiated by submitting receipts and papers Other expenses might require expert testimony. If an accident causes severe spinal injury that causes the victim to be partially paralyzed, it might be required to consult with an occupational specialist to determine the impact of the injury on the victim. This will assist the jury or court determine with certainty what your total personal and financial implications will be.
The most complex economic losses are those related to future medical expenses and loss of earnings. It is possible to document these costs using a medical professional's estimation of your maximum medical improvement or when your recovery is likely to be over. You'll need to show that you'll suffer a future financial loss. This can be accomplished by providing your pay stubs or expense receipts.
Insurance companies try to not pay as much damages as they are required to. A seasoned personal injury lawyer can make sure that you get all compensation damages to which you are entitled. Contact Dennis and King today to schedule a free consultation. We can help you seek the full spectrum of your economic and non-economic damages following an New York car
accident law Firm or other personal injury incident.