Notes

Accident Litigation: A Simple Definition
Types of Accident Compensation

This type of compensation typically includes medical expenses, which include prescription medications and devices, physical therapy, and surgeries. It may also cover the loss of future earning potential.

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

Economic Damages

Economic damages are the tangible and measurable cost of an accident. These include out-of-pocket expenses, lost wages, property damage costs, and future financial losses resulting from the disability or injury. These costs are figured by juries and courts using documents like hospital bills, pharmacy receipts, as well as vehicle repair estimates.

These costs are fairly simple to prove and are the most immediate costs associated with a crash. They often include medical expenses, such as the initial hospitalization and any follow-up treatment and care. These expenses can also include the cost to repair damaged cars or other items of property, such as clothes and household goods. The cost of hiring someone to do chores around the home or transport children to and from school, or extracurricular activities could be included and more.

Lost wages are another common and important category of economic damages. This is not just the wages you have missed due to your injuries but also the lost productivity during your recovery and any vacation or sick days. In certain cases it is possible to recover compensation in the event of a loss of future earnings capacity. This is the situation when you are unable to return to your previous job or earn the equivalent amount.

These costs are quite clear and measurable. However other damages you can claim may be less clear. These damages that are not economic can be more difficult to quantify, and include things like pain and discomfort disfigurement, the loss of enjoyment.

How can you prove the damage?


While some of the costs in these categories are straightforward and can be substantiated by receipts and paperwork, other expenses may require expert testimony. For peoria accident attorneys , in cases when an accident results in an extremely severe spinal cord injury which leaves a victim partially paralyzed, then it could be necessary to consult an occupational specialist to determine the full impact of the injury. This can aid the jury or the court to make a precise determination of what your total personal and financial consequences will be.

The most complicated forms of economic losses are those relating to future medical expenses and lost earnings. You may be able document these costs by using a medical professional’s estimation of your maximum medical improvement or when your recovery is expected to come to an end. But, you'll need to prove your future financial loss by submitting pay invoices, stubs and other proof of your current and past income.

Insurance companies try to avoid paying as much in damages as they are obligated to. A personal injury lawyer who is skilled will ensure you receive all the compensation you are entitled to. Dennis and King will schedule a no-cost consultation. We can assist you in recovering all of your economic and other damages after a New York auto accident or personal injury.

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