Notes

Check Out: How Accident Litigation Is Taking Over And What Can We Do About It
Types of Accident Compensation

Typically, this type compensation covers medical bills including prescription devices and drugs such as physical therapy, surgery and so on. The compensation could also cover future earnings potential.

This kind of compensation is usually referred to as "general damages." It can be challenging to determine the amount of these damages as 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 such as lost wages as well as property damage costs and future financial losses resulting from the injury or disability. Courts and juries usually calculate these costs by using documents like hospital bills, pharmacy receipts and vehicle repair estimates.


These costs are fairly simple to prove and are the most immediate costs associated with the event of a crash. They usually include medical costs like the initial hospital stay, and all follow-up care and treatment. These expenses may also comprise the cost of repairing damaged vehicles or other items of property, including household and clothing products. These expenses could also include the cost of hiring a third party to assist with household chores or transport your children to school or extracurricular activities.

The loss of wages is an additional important type of economic damage. This includes not only the income you lost due to your injuries but also the lost productivity while you recover, and any sick days or vacation leaves. In certain cases, compensation can be recovered in the event of a loss of future earnings capacity. This is the situation in the event that you cannot resume your previous work or earn the equivalent amount.

Although these costs are transparent and quantifiable, some of the other damages you can claim are less so. These damages that are not economic can be more difficult to quantify, and include things like pain and discomfort or disfigurement, as well as loss of enjoyment in life.

What can you do to prove these damages?

Certain expenses can be substantiated by submitting receipts and documents, but others may require expert testimony. In cases where an accident causes a severe spinal injury that leaves the victim partially paralyzed, then it is required to consult with an occupational expert to determine the impact of the injury on the victim. This will assist the jury or court determine the true extent of your financial and personal impact.

The most complex types of economic losses are those that concern future medical expenses and lost earnings. It may be possible to document these expenses by utilizing a medical professional's estimate of when you'll reach the point of maximum medical improvement or the time when your recovery will likely be over. But, you'll need to prove the future financial loss by providing pay stubs, expense receipts and other evidence of your current and previous income.

Insurance companies will attempt to avoid paying the full amount of damages that they are legally required to pay. ohio accident lawsuit who has the right experience will ensure you receive all the compensatory damages you are entitled to. Dennis and King will schedule a no-cost consultation. We can help you recover all of your economic as well as other damages following the occurrence of a New York auto accident or personal injury.

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