The Three Greatest Moments In Accident Litigation History

Types of Accident Compensation

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

This type of compensation is often called "general damages." It can be challenging to determine the value of these damages because insurers employ different methods of calculation.

Economic Damages

Economic damages are the tangible and quantifiable cost of an accident. These include out-of pocket expenses like lost wages damages to property, and financial losses that will come from the disability or injury. These costs are determined by juries and courts based on documents such as hospital bills, pharmacy receipts and estimates for repairs to vehicles.

These are the immediate costs of a crash, and are simple to prove. They include medical expenses, like the initial hospital stay, and any subsequent treatment and care. They can also include the cost of fixing damaged vehicles or other property items, including household and clothing items. The cost of hiring a person to do chores around the house or transport children to and from school or extracurricular activities could be included in these expenses and more.

Loss of wages is another important type of economic loss. These include not just lost wages due to the fact that you had to stay home from work due to injuries, but also include the loss of productivity during recovery and any use of vacation or sick days. In some cases you could even receive compensation for the loss of your earning potential in the future when your injury stops you from returning to your previous job or stops you from earning the same amount in the future.

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

What can you do to prove the damage?

Some expenses can be proved through receipts or paperwork however, some expenses may require expert testimony. For instance, in cases when an Worland Accident Lawyer results in a severe spinal cord injury that leaves the victim partially paralyzed, it may be necessary to consult with an occupational expert to determine the full impact of the injury. This can assist the jury or court determine the true extent of your financial and personal impact.

The most complicated economic losses are those that relate to future medical expenses as well as lost earnings. It is possible to document these costs by using a medical professional’s estimate of your best medical improvement or when your recovery is likely to come to an end. But, you'll need to prove the future financial loss by submitting pay statements, expense receipts, and other evidence of your past and present income.

Insurance companies will attempt to avoid paying the total amount of the damages they are legally required to pay. A competent personal injury lawyer can make sure that you receive the compensatory damages to which you are entitled. Contact Dennis and King today to set up an initial consultation for free. We can assist you in pursuing the full range of economic and non-economic injuries resulting from a New York car corinth accident lawyer or other personal injury incident.