Guide To Accident Litigation: The Intermediate Guide To Accident Litigation

Types of Accident Compensation

This type of compensation usually covers medical costs, including prescription medications or devices, accident physical therapy, and even surgery. The compensation could also cover future earnings potential.

This type of compensation is often called "general damages." It can be difficult to determine the value of these damages because insurers use different methods of calculation.

Economic Damages

Economic damages are the tangible and quantifiable costs resulting from an accident lawyers. These include expenses out of pocket for lost wages due to missed work damages to property and future financial losses that are expected due to the disability or injury. Juries and courts usually calculate these costs based on documentation such as hospital bills, pharmacy receipts and estimates of vehicle repairs.

These costs are relatively easy to prove and are among the most immediate expenses incurred by an accident. They typically include medical expenses like the initial hospitalization and all subsequent treatment and care. They could also include the cost of a damaged vehicle or other property items, such as clothing and household goods. The cost of hiring someone to do chores around the house or transport children to and from school, or other activities may be included as well.

Loss of earnings is another important category of economic damages. They include not just missed earnings from the time you were unable to work from work due to your injuries, but they can include lost productivity while recovering and any use of vacation or sick days. In some cases it is possible to recover compensation for the loss of future earning capacity. This is the case when you are unable to return to your previous job or earn the same amount.

While these expenses are easy to quantify, some of the other damages that you can assert are less clear. These non-economic damages are sometimes more difficult to quantify and may include things like pain and suffering, disfigurement and loss of enjoyment.

How can you show these damages?

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

The most complicated economic losses are those that involve future medical expenses and loss of earnings. It is possible to record these expenses using a medical professional's estimation of your greatest medical improvement or when your recovery is likely to end. You must prove that you are likely to suffer a future financial loss. This can be accomplished by submitting your pay stubs or expense receipts.

Insurance companies will attempt to avoid paying the full amount of damages that they must legally pay. A personal injury lawyer who is experienced can ensure that you get all the compensatory damages you are entitled to. Dennis and King can set up a free consultation. We can help you seek all of non-economic and financial damage resulting from a New York car accident or other personal injury accident.