Notes

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Types of Accident Compensation

This type of compensation typically covers medical costs, including prescription medications or devices, physical therapy and even surgery. It may also cover loss of future earnings potential.

This type of compensation may be described as "general damages." It isn't always easy to determine the amount of these damages due to the fact that 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 as well as the loss resulting from a missed work, property damage costs and future financial losses attributed to the injury or disability. The courts and juries usually determine these costs using documentation like hospital bills, pharmacy receipts and estimates of vehicle repairs.

These expenses are relatively simple to prove and are the most immediate expenses associated with a crash. They cover medical expenses for example, the first hospitalization and any subsequent treatment and care. They could also include the cost of repairs to a damaged vehicle or other property items such as household and clothing goods. These costs can also include the cost of hiring a person to do housework or drive your children to school or any other extracurricular activities.

Lost wages are another frequent and important type of economic damages. This is not just the income you lost due to your injuries, but also any loss of productivity during your recovery, as well as any sick days or vacation leaves. In some instances, compensation can be recovered in the event of a loss of future earnings capacity. This is the case when you are unable to return to your former career or earn the same amount.


While these costs are evident and easily quantifiable, many of the other damages you may claim are less so. 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 of life.

How can you prove these Damages?

While some of the costs in these categories are fairly simple and can be proved by submitting receipts and papers Other expenses might require expert testimony. For peoria accident law firm , in situations when an accident results in an extensive spinal cord injury that leaves the victim partially paralyzed or disabled, it could be necessary to consult with an occupational specialist to assess the full impact of the injury. This will help the jury or court determine the true extent of your personal and financial impact.

The most complicated economic losses are those relating to future medical costs and lost earnings. It is possible to document these expenses using a medical professional's estimate of when you will achieve the point of maximum medical improvement or when your recovery is likely end. However, you will need to prove the future financial loss by providing pay bills, expense receipts as well as other proof of your current and previous income.

Insurance companies are trying to keep from paying as much damages as they are legally required to. A competent personal injury lawyer can ensure that you get all compensation damages to which you are entitled. Dennis and King will be able to schedule a free consultation. We can assist you in recovering all of your economic and other damages following an New York auto accident or personal injury.

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