Notes

15 Terms That Everyone In The Accident Litigation Industry Should Know
Types of Accident Compensation


This type of compensation typically covers medical costs, including prescription medications as well as devices, physical therapy, and even surgery. The compensation could include future earnings potential.

This type of compensation can be described as "general damages." It can be difficult to determine the amount of these damages as insurers use different methods for calculation.

Economic Damages

Economic damages are the tangible, measurable costs that result from an accident. These include out-of pocket expenses such as lost wages and property damage costs and future financial losses resulting from the disability or injury. Courts and juries typically calculate these costs using documentation like hospital bills, pharmacy receipts and vehicle repair estimates.

These costs are fairly simple to prove and are the most immediate expenses incurred by the event of a crash. They usually include medical expenses for the initial hospital stay, and any follow-up treatment and care. These expenses can also include the cost of repairing damaged vehicles or other items of property, such as clothing and household goods. The cost of hiring someone to perform chores around the house or drive children to and from school, or extracurricular activities could be included in these costs and more.

Lost wages are another frequent and significant category of economic damages. This includes not only the wages you have missed due to your injuries but also any lost productivity during your recovery, as well as any vacation or sick days. In some instances you may even be able to claim compensation for the loss of your earning potential in the future in the event that your injury prevents you from returning to your former career or prevents you from earning the same amount in the future.

Although these costs are clear and measurable, some of the other damages you may assert are less clear. These non-economic damages are often more difficult to quantify and could include things like pain and suffering, disfigurement, and loss of enjoyment.

What can you prove to prove these Damages?

Certain expenses can be substantiated with receipts and paperwork Some expenses can be proven with receipts and paperwork, while others require expert testimony. In cases where an accident causes severe spinal injury that causes the victim to be partially paralyzed, then it is required to consult with an occupational expert to determine the impact of the injury on the victim. This can aid the jury or the court determine with certainty what your full range of personal and financial consequences will be.

The most complex economic damages are those related to future medical expenses as well as lost earnings. It may be possible to document these costs by utilizing a medical professional's estimate of when you'll reach maximum medical improvement, or when your recovery will likely come to an end. However, you'll have to prove your financial loss by providing pay invoices, stubs as well as other proof of your current and past income.

Insurance companies will try to avoid paying the total amount of damages they are legally obliged to pay. st joseph accident attorney seasoned personal injury lawyer can make sure that you receive the compensation damages to which are entitled. Dennis and King can set up a free consultation. We can help you seek the full spectrum of economic and non-economic damage resulting from a New York car accident or another personal injury event.

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