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Types of Accident Compensation
Typically, this kind of payment covers medical expenses, such as prescription devices and drugs including physical therapy and surgery. It could also cover future earnings potential.
This kind of compensation is usually referred to as "general damages." It can be difficult to determine the amount of these damages since insurers use different methods for calculation.
Economic Damages
Economic damages are the tangible, measurable expenses that result from an accident. These include out-of-pocket expenses, losses from missed work as well as property damage costs. future anticipated financial losses due to the injury or disability. Courts and juries typically calculate these costs by using documents like pharmacy receipts, hospital bills and estimates for vehicle repairs.
These are the direct costs of a crash and are simple to prove. They include medical costs, like the initial hospitalization, as well as any subsequent treatment and care. They could also include the cost of a damaged vehicle or other property items such as household and clothing products. The cost of hiring someone to do chores around the house or drive children to and from school, or extracurricular activities can be included as well.
Loss of wages is another important category of economic damages. This includes not only the wages you have missed because of your injuries but also any loss of productivity during your recovery, as well as any vacation or sick days. In redding accident law firm there is a possibility of recovering compensation for the loss of future earnings capacity. This is the situation when you are unable to resume your previous work or earn the equivalent amount.
These costs are fairly clear and quantifiable. However, other damages that you could claim are less clear. These non-economic damages are often more difficult to quantify, and could include things like pain and suffering, disfigurement or loss of enjoyment.
What can you prove to prove these Damages?
While some of the costs in these categories are simple and can be proved with receipts and documents, other expenses may require expert testimony. In cases where an accident results in a severe spinal injury that renders the victim partially paralyzed it may be required to consult with an occupational specialist to determine the impact of the injury on the victim. This will assist the court or jury make an accurate assessment of your personal and financial impact.
The most complicated economic damages are those related to future medical costs and lost earnings. It is possible to document these costs using a medical professional’s estimation of your greatest medical improvement or when your recovery is expected to come to an end. However, you will need to prove the future financial loss by submitting pay bills, expense receipts as well as other proof of your present and previous income.
Insurance companies try to avoid paying the entire amount of damages they are legally obliged to pay. A seasoned personal injury lawyer can make sure 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 help you pursue all of your economic and non-economic damages following a New York car accident or another personal injury event.
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