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Types of Accident Compensation
This kind of compensation typically covers medical costs, including prescription drugs and devices, physical therapy and even surgery. It could include future earnings potential.
This type of compensation is usually referred to as "general damages." It can be difficult to determine the amount of these damages because insurers use different methods of calculation.
Economic Damages
Economic damages are the tangible and measurable costs associated with an accident. These include out-of-pocket expenses, lost wages, property damage costs, and future financial losses resulting from the injury or disability. Juries and courts usually calculate these costs using documentation like pharmacy receipts, hospital bills and estimates for repairs to vehicles.
These are the immediate costs of a crash, and are simple to prove. They cover medical expenses, such as the first hospitalization, as well as any subsequent treatment and care. These costs can also comprise the cost of repairing a damaged car or other items of property including household and clothing items. The cost of hiring someone to take care of chores around the house or to transport children to and from school or extracurricular activities could be included in these costs as well.
Lost wages are a different and important type of economic damages. These include not just missed wages from the time you were required to stay home from work due to your injuries, but also include the loss of productivity during recovery and any vacation or sick days. In certain cases there is a possibility of recovering compensation for the loss of future earnings capacity. This is the case when you are unable to return to your previous career or earn the same amount.
These costs are fairly clear and quantifiable. However minnesota accident lawyer can claim may be less so. These damages that are not economic can be more difficult to quantify, and include things like discomfort and pain or disfigurement, as well as the loss of enjoyment.
How do you demonstrate these damages?
While some of the expenses in these categories are straightforward and can be proven with receipts and documents Certain expenses may require expert testimony. When an accident causes a severe spinal injury that leaves the victim partially paralyzed it may be necessary to consult an occupational specialist to determine how the injury will affect the victim. This will assist the jury or court make an accurate determination of what your total personal and financial consequences will be.
The most complex economic damages are those that involve future medical expenses and lost earnings. It is possible to document these costs by using a medical professional's assessment of when you'll reach maximum medical improvement, or when your recovery is likely end. You'll need to prove that you'll suffer future financial loss. This can be done by submitting your pay stubs or expense receipts.
Insurance companies try to avoid paying the total amount of damages they must legally pay. A seasoned personal injury lawyer can ensure that you receive the compensation damages to which you are entitled. Dennis and King can set up a free consultation. We can help you recover all of your economic and other damages following an New York auto accident or personal injury accident.
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