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10 Meetups Around Accident Litigation You Should Attend
Types of Accident Compensation

This type of compensation typically covers medical costs, including prescription drugs as well as devices, physical therapy, and surgery. It could also cover the loss of future earning potential.

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

Economic Damages


Economic damages are the tangible and measurable expenses resulting from an accident. These include out-of pocket expenses for lost wages due to missed work cost for property damage, and the potential for future financial losses due to the disability or injury. Courts and juries usually calculate these costs by using documents like hospital bills, pharmacy receipts 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 hospital stay, and any subsequent care and treatment. They can also include the cost of fixing damaged vehicles or other property items, such as clothing and household goods. The cost of hiring a person to do chores around the house or drive children to and from school or extracurricular activities can be included, as well.

Loss of wages is another common and important type of economic damages. This includes not only the wages you have missed due to your injuries, but also any productivity loss during your recovery, as well as any sick days or vacation leaves. In some instances it is possible to recover compensation for the loss of future earning capacity. This is the situation when you are unable to return to your previous job or earn the same amount.

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

What can you do to prove the damage?

While some of the expenses within these categories are straightforward and can be proven by receipts and paperwork, other expenses may require expert testimony. For instance, in cases where an accident causes an extremely severe spinal cord injury which leaves a victim partially paralyzed, it may be necessary to consult an occupational specialist to assess the full impact of the injury. turlock accident lawsuit can aid the jury or the court make an accurate assessment of your personal and financial impact.

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

Insurance companies are trying to avoid paying as much in damages as they are obligated to. A skilled personal injury lawyer can ensure that you get all compensation damages to which you are entitled. Contact Dennis and King today to set up a free consultation. We can help you seek all of economic and non-economic damages following an New York car accident or other personal injury incident.

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