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Types of Accident Compensation
This type of compensation typically covers medical costs, including prescription drugs and devices, physical therapy, and surgery. It could also cover the loss of future earnings potential.
This kind of compensation is usually referred to as "general damages." It isn't always easy to determine the value of these damages because insurers use different methods of calculation.
Economic Damages
Economic damages are the tangible, quantifiable costs that result from an accident. These include out-of-pocket expenses for lost wages due to missed work damages to property and the potential for future financial losses due to the disability or injury. The courts and juries usually determine these costs based on documentation such as pharmacy receipts, hospital bills and estimates of vehicle repairs.
They are fairly easy to prove and are among the most immediate expenses incurred by the event of a crash. georgia accident attorney include medical expenses including the initial hospitalization and any follow-up treatment and care. These expenses can also include the cost of repairing damaged vehicles and other items of property such as clothes and household products. These expenses can also include the cost of hiring someone else to do housework or drive your children to school or other events.
Loss of wages is another important type of economic damage. This is not just the income you lost due to your injuries, but also any productivity loss during your recovery and any vacation or sick days. In some instances there is a possibility of recovering compensation in the event of a loss of future earnings capacity. This is the case in the event that you cannot return to your former career or earn the equivalent amount.
These costs are fairly clear and measurable. However other damages you could claim are more difficult to prove. These non-economic damages are often more difficult to quantify and can include things like pain and suffering, disfigurement, and loss of enjoyment of life.
What can you prove to prove these Damages?
While a few of the expenses in these categories are fairly simple and can be proved with receipts and documents However, some expenses will require expert testimony. For instance, in cases where an accident leads to a severe spinal cord injury that leaves a victim partially paralyzed, it might be necessary to consult an occupational expert to determine the full impact of the injury. This can help the court or jury determine with certainty what your total personal and financial consequences will be.
The most complicated economic losses are those that involve future medical expenses and lost earnings. It may be possible to document these costs by using a medical professional's assessment of when you will reach maximum medical improvement, or when your recovery is likely end. You'll need to show that you'll suffer a future financial loss. This can be done by making a submission of your pay stubs and expense receipts.
Insurance companies attempt to avoid paying as much in damages as they are obligated to. A seasoned personal injury lawyer can ensure that you receive the compensation damages to which are entitled. Contact Dennis and King today to set up a free consultation. We can help you seek the full spectrum of your economic and non-economic injuries resulting from an New York car accident or other personal injury incident.
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