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The Ultimate Glossary Of Terms For Accident Litigation
Types of Accident Compensation

This type of compensation usually covers medical costs, including prescription drugs and devices, physical therapy, and surgeries. This compensation may also be used to pay for future earnings.

This type of compensation is usually referred to as "general damages." However, determining the value of these damages can be difficult as insurers use different calculation methods.

Economic Damages

Economic damages are the tangible and measurable costs resulting from an accident. They include out-of-pocket expenses and losses resulting from the absence of work cost for property damage, and future financial losses that are expected due to the injury or disability. Courts and juries usually calculate these costs by using documents like pharmacy receipts, hospital bills and estimates of vehicle repairs.

They are fairly easy to prove and are among the most immediate expenses associated with the event of a crash. They include medical costs, like the initial hospital stay, and any subsequent care and treatment. They may also include the cost of repairing a damaged vehicle or other property items like clothing and household products. The cost of hiring a person to do chores around the house or take children to and from school or other activities may be included in these expenses, as well.

Loss of wages is another important aspect of economic damages. This includes not just your lost wages due to the fact that you were forced to stay home from work due to your injuries, but they may also include the loss of productivity in recovering, as well as any use of sick days or vacation leave. In certain cases you may even be able to claim compensation for the loss of your earning potential in the future if your injury prevents you from returning to your former job or prevents you from earning the same amount in the future.

These costs are quite clear and measurable. However memphis accident law firm could claim are less so. These non-economic damages can be more difficult to quantify, and include things like pain and discomfort disfigurement, loss of enjoyment.

How Can You Prove These Damages?


Certain expenses can be substantiated with receipts and paperwork, but others may require expert testimony. In cases where an accident causes a severe spinal injury that renders the victim partially paralyzed, it might be required to consult with an occupational expert 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 complex economic losses are those that involve future medical costs and lost earnings. You might be able to prove these expenses by using a medical professional’s estimation of your maximum medical improvement or when your recovery is likely to be over. But, you'll need to prove your future financial loss by submitting pay bills, expense receipts and other evidence of your present and previous income.

Insurance companies will try to avoid paying the total amount of damages they are legally obliged to pay. A seasoned personal injury lawyer will ensure that you receive all the compensation damages to which are entitled. Dennis and King will be able to schedule a free consultation. We can assist you in recovering all of your economic as well as other damages following an New York auto accident or personal injury.

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