Notes

Beware Of This Common Mistake On Your Accident Litigation
Types of Accident Compensation

Typically, this form of compensation is used to pay for medical expenses such as prescription devices and drugs including physical therapy and surgery. It could also cover the loss of future earning potential.

This type of payment can be referred to as "general damages." It can be difficult to determine the value of these damages because insurers use different methods for calculation.


Economic Damages

Economic damages are the tangible and measurable costs resulting from an accident. These include out-of pocket expenses and losses resulting from the absence of work, property damage costs and the potential for future financial losses due to the injury or disability. Courts and juries usually calculate these costs using documents such as hospital bills, pharmacy receipts and estimates for vehicle repairs.

These are the immediate costs of a crash, and are easy to prove. They often include medical expenses like the initial hospitalization and any follow-up treatment and care. They may also include the cost of repairing a damaged vehicle or other property items such as household and clothing items. These expenses can also include the cost of hiring someone else to take care of household chores or driving your children to school or other activities.

Lost wages are a different and significant category of economic damages. This includes not only the wages you missed because of your injuries but also any productivity loss during your recovery as well as sick days or vacation leaves. In certain cases you may even be able to claim compensation for the loss of your future earning potential If your injury hinders you from returning to your previous career or prevents you from earning the same amount in the future.

These costs are easily identifiable 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 can include things like pain and suffering, disfigurement and loss of enjoyment of life.

What can you do to prove the damage?

Certain expenses can be substantiated with receipts and paperwork, but others may require expert testimony. In the event that an accident causes severe spinal injury that leaves the victim partially paralyzed it may be required to consult with an occupational specialist to determine how the injury will affect the victim. This can help the jury or court determine the exact extent of your financial and personal impact.

arlington accident law firm complicated economic damages are those relating to future medical expenses and loss of 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 to end. However, you'll need to prove your future financial loss by providing pay statements, expense receipts, as well as other proof of your present and previous income.

Insurance companies will attempt to avoid paying the total amount of damages they have to pay legally. A personal injury lawyer who is skilled can ensure that you get all the compensation you are entitled to. Dennis and King can set up a free consultation. We can help you pursue the full spectrum of economic and non-economic damage resulting from an New York car accident or other personal injury accident.

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