Guide To Accident Litigation: The Intermediate Guide In Accident Litigation

Types of Accident Compensation

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

This type of compensation is often called "general damages." It can be challenging to determine the amount of these damages because insurers employ different methods of calculation.

Economic Damages

Economic damages are the tangible and quantifiable expenses resulting from an accident. These are expenses that are out of pocket, lost wages as well as property damage costs and future financial losses resulting from the disability or injury. The courts and juries usually determine these costs based on documentation such as hospital bills, pharmacy receipts and estimates of vehicle repairs.

These costs are fairly simple to prove and are among the most immediate expenses associated with an accident. They usually include medical costs like the initial hospital stay, and all follow-up care and treatment. These expenses may also include the cost of repairing damaged vehicles and other items of property such as clothes and household products. They could also include the cost of hiring a person to do housework or drive your children to school or any other extracurricular events.

Loss of earnings is another important type of economic damage. This includes not only the wages you have missed because of your injuries but also any productivity loss during your recovery, as well as any vacation or sick days. In certain cases you could even receive compensation for the loss of your future earning capacity when your injury stops you from returning to your former job or stops you from earning the same amount in the future.

Although these costs are evident and easily quantifiable, many of the other damages you could claim are not as clear. These non-economic damages are more difficult to quantify and include things like discomfort and pain or disfigurement as well as loss of enjoyment.

How do you prove these damages?

While a few of the expenses in these categories are simple and can be proved by submitting receipts and papers Certain expenses may require expert testimony. For instance, accident in the event where an accident leads to an extremely severe spinal cord injury that renders a person partially paralyzed, then it could be necessary to consult with an occupational expert to determine the full impact of the injury. This will aid the jury or the court determine the true extent of your financial and personal impact.

The most complicated types of economic damages are those that relate to future medical expenses and lost earnings. It is possible to document these costs by using a medical professional's assessment of when you will achieve the point of maximum medical improvement or when your recovery will likely end. You must 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 are often trying to avoid paying the full amount of damages that they must legally pay. A skilled personal injury lawyer can ensure that you get all compensatory damages to which you are entitled. Contact Dennis and King today to schedule an appointment for a no-cost consultation. We can assist you with the full spectrum of your non-economic and economic damages after an New York car accident or other personal injury accident lawyer.