Notes

15 Terms Everyone Within The Accident Litigation Industry Should Know
Types of Accident Compensation

This type of compensation usually covers medical costs, including prescription medications, devices, physical therapy, and surgery. The compensation could also cover future earnings potential.

This kind of compensation is commonly referred to as "general damages." However, determining the amount of these damages can be complicated because insurers use different calculation methods.

Economic Damages

Economic damages are the tangible and quantifiable costs associated with an accident. These include expenses out of pocket, losses from missed work as well as property damage costs. future anticipated financial losses due to the injury or disability. These costs are calculated by juries and courts based on documents such as hospital bills, pharmacy receipts, as well as estimates for repairs to vehicles.

These costs are fairly simple to prove and are among the most immediate expenses associated with a crash. They often include medical expenses for the initial hospital stay, and all subsequent care and treatment. They can also include the cost of fixing a damaged car or other items of property including household and clothing items. The cost of hiring a person to do chores around the home or transport children to and from school, or extracurricular activities could be included in these expenses as well.

Lost wages are another common and important type of economic damages. These include not just missed wages from the time you were unable to work from work due to your injuries, but include lost productivity while recovering and any vacation or sick leave. In certain instances you may even be able to claim compensation for the loss of your earning potential in the future in the event that your injury prevents you from returning to your former career or prevents you from earning the same amount in the future.

These costs are easily identifiable and quantifiable. However, other damages that you can claim may be less clear. These damages that are not economic can be more difficult to quantify and can include things like pain and suffering, disfigurement and loss of enjoyment.

How Do You Prove These Damages?

Certain expenses can be established by means of receipts and papers However, others might require expert testimony. When an accident causes severe spinal injury that renders the victim partially paralyzed, then it is required to consult with an occupational specialist to determine the impact of the injury on the victim. This will help the jury or court determine the true extent of your financial and personal impact.


The most complex economic damages are those relating to future medical expenses and lost earnings. It is possible to record these expenses using a medical professional's estimate of your maximum improvement in your medical condition or when your recovery is expected to be over. You will need to prove that you'll suffer future financial loss. This can be done by sending in your pay stubs, or expense receipts.

Insurance companies attempt to avoid paying as much in damages as they are obligated to. A personal injury lawyer with experience can ensure you receive all the compensation damages you are entitled to. Dennis and King will schedule a no-cost consultation. new rochelle accident lawsuit can assist you in recovering all of your economic and other damages resulting from an New York auto accident or personal injury.

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