Notes

Accident Litigation: A Simple Definition
Types of Accident Compensation

Typically, this type compensation covers medical expenses like prescription drugs and devices, physical therapy and surgery. It could also be used to cover future earnings.

This type of payment can be referred to as "general damages." However, determining the amount of these damages is difficult because insurers employ different methods of calculation.


Economic Damages

Economic damages are the tangible, quantifiable costs that result from an accident. These include out-of pocket expenses including lost wages damages to property, and future financial losses resulting from the injury or disability. These costs are figured by juries and courts based on documents such as hospital bills, pharmacy receipts, and estimates for vehicle repairs.

They are fairly easy to prove and are the most immediate expenses incurred by the event of a crash. They include medical costs, for example, the first hospital stay, and any subsequent care and treatment. They can also include the cost of repairing a damaged vehicle or other property items such as clothing and household goods. They could also include the cost of hiring a person to do housework or drive your children to school or other events.

Loss of wages is another common and important category of economic damages. These include not just missed earnings from the time you were unable to work from work due to injuries, but they can be a factor in lost productivity while recovering as well as any use of sick days or vacation leave. In certain cases it is possible to recover compensation in the event of a loss of future earnings capacity. This is the case when you are unable to resume your previous work or earn the same amount.

While these costs are relatively easy to quantify, some of the other damages you could assert are less clear. fayetteville accident attorneys -economic damages are more difficult to quantify, and include things like pain and discomfort or disfigurement as well as the loss of enjoyment.

How Do You Prove These Damages?

While some of the expenses in these categories are simple and can be proved with receipts and documents However, some expenses will require expert testimony. For instance, in situations when an accident results in an extremely severe spinal cord injury that leaves the victim partially paralyzed, it might be necessary to speak with an occupational specialist to determine the full impact of the injury. This can help the jury or court to make a precise assessment of your financial and personal impact.

The most complex economic damages are those that involve future medical expenses and loss of earnings. It may be possible to document these costs by using a medical professional's assessment of when you'll achieve maximum medical improvement, or when your recovery is likely end. But, you'll need to prove the future financial loss by submitting pay invoices, stubs and other evidence of your past and present income.

Insurance companies will try to avoid paying the full amount of damages that they have to pay legally. A personal injury lawyer who is skilled will ensure you receive all the compensation damages you are entitled to. Contact Dennis and King today to set up an appointment at no cost. We can assist you in recovering all of your financial and other damages after a New York auto accident or personal injury incident.

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