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The Ultimate Glossary Of Terms About Accident Litigation
rio rancho accident attorneys of Accident Compensation

Typically, this type of payment covers medical expenses, such as prescription devices and drugs including physical therapy and surgery. The compensation could also be used to cover future earnings.

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


Economic Damages

Economic damages are the tangible and measurable cost of an accident. These include out-of pocket expenses, lost wages and property damage costs and future financial losses resulting from the disability or injury. Juries and courts usually calculate these costs based on documentation such as hospital bills, pharmacy receipts and estimates for vehicle repairs.

These are the direct costs of a crash, and are simple to prove. They include medical expenses, such as the first hospital stay and all subsequent treatment and care. These expenses can also include the cost of fixing a damaged car or other items of property such as clothes and household items. These expenses could also include the cost of hiring a person to do housework or drive your children to school or any other extracurricular events.

The loss of wages is a different important aspect of economic damages. This includes not only the lost wages due to your injuries, but also the lost productivity during your recovery, as well as any sick days or vacation leaves. In some cases you can recover compensation for the loss of future earnings capacity. This is the case in the event that you are not able to return to your previous career or earn the same amount.

These costs are fairly clear and measurable. However other damages you can claim are less clear. These non-economic damages can be more difficult to quantify, and include things like pain and discomfort or disfigurement, as well as loss of enjoyment in life.

How Can You Prove These Damages?

While some of the expenses in these categories are straightforward and can be proven by receipts and paperwork However, some expenses will require expert testimony. In cases where an accident causes severe spinal injury that leaves 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 jury or court make an accurate assessment of your personal and financial impact.

The most complicated forms of economic damages are those that concern future medical expenses and lost earnings. It is possible to document these costs by using a medical professional's assessment of when you will reach the point of maximum medical improvement or when your recovery will likely end. You'll need to prove that you are likely to suffer a future financial loss. This can be done by making a submission of your pay stubs and expense receipts.

Insurance companies will try to avoid paying the total amount of the damages they are legally required to pay. A personal injury lawyer with experience can ensure you receive all the compensation you are entitled to. Contact Dennis and King today to set up an appointment for a no-cost consultation. We can assist you in pursuing the full range of your non-economic and economic damages after a New York car accident or other personal injury accident.

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