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Types of accident attorneys Compensation

Typically, this type compensation covers medical expenses like prescription devices and drugs including physical therapy and surgery. It may also cover loss of future earning potential.

This type of compensation is usually referred to as "general damages." It can be challenging to determine the amount of these damages as insurers use different methods of calculation.

Economic Damages

Economic damages are the tangible and quantifiable costs associated with an accident. These include out-of pocket expenses and losses resulting from the absence of work damages to property and the potential for future financial losses due to disability or injury. These costs are estimated by juries and courts based on documents like hospital bills, pharmacy receipts and estimates of repairs to the vehicle.

They are fairly easy to prove and are among the most immediate expenses that are incurred in an accident. They include medical expenses, for example, the first hospital stay and all subsequent treatment and care. They can also include the cost to repair a damaged car or other items of property, such as clothes and household items. The cost of hiring a person to do chores around the house or to transport children to and from school or other activities may be included in these expenses and more.

Lost wages are another common and significant category of economic damages. This includes not just your lost wages due to the fact that you were forced to stay home from work because of your injuries, but they may include the loss of productivity during recovery and any vacation days or sick days. In some instances it is possible to recover compensation for the loss of future earnings capacity. This is the situation in the event that you cannot return to your former career or earn the equivalent amount.

These costs are easily identifiable and measurable. However, other damages that you can claim may be less clear. These non-economic damages are sometimes more difficult to quantify, and could include things like pain and suffering, disfigurement and loss of enjoyment.

How can you show these damages?

Certain expenses can be proven by submitting receipts and documents However, others might require expert testimony. In the event that an accident causes a severe spinal injury that causes the victim to be partially paralyzed, it might be necessary to consult an occupational expert to determine the impact of the injury on the victim. This can aid the jury or the court make an accurate assessment of your personal and financial impact.

The most complex economic damages are those relating to future medical expenses and loss of earnings. You may be able to document these costs by using a medical professional’s estimation of your maximum medical improvement or when your recovery is likely to come to an end. You will need to prove that you are likely to suffer a future financial loss. This can be accomplished by providing your pay stubs or expense receipts.

Insurance companies try to keep from paying as much damages as they are legally required to. A knowledgeable personal injury lawyer will ensure that you get all compensation to which you are entitled. Contact Dennis and King today to schedule a free consultation. We can help you pursue all of your economic and non-economic damage resulting from an New York car accident or any other personal injury or Accident law firms.