Types of accident attorney Compensation

Typically, this type compensation covers medical bills including prescription drugs and devices such as physical therapy, surgery and so on. This type of compensation can also cover future earnings potential.

This type of compensation may be described as "general damages." However, determining the value of these damages can be difficult because insurers employ different calculation methods.

Economic Damages

Economic damages are the tangible and measurable costs resulting from an accident. These are expenses that are out of pocket like lost wages, property damage costs, and future financial losses resulting from the injury or disability. These costs are calculated by juries and courts based on documents like hospital bills, pharmacy receipts, and estimates for repairs to vehicles.

These costs are relatively easy to prove and are among the most immediate expenses incurred by an accident. They usually include medical expenses like the initial hospitalization and any follow-up treatment and care. These expenses may also include the cost to repair damaged cars or other items of property such as clothes and household items. The cost of hiring someone to do chores around the home or to transport children to and from school, or extracurricular activities can be included as well.

Loss of wages is another common and important type of economic damages. This includes not only the lost wages because of your injuries but also any productivity loss while you recover, and any sick days or vacation leaves. In certain instances, you can even recover compensation for the loss of your future earning potential if your injury prevents you from returning to your previous job or prevents you from earning the same amount in the future.

While these costs are relatively transparent and quantifiable, some of the other damages that you can claim are less so. These non-economic damages can be more difficult to quantify and include things like discomfort and pain disfigurement, loss of enjoyment.

How do you demonstrate these damages?

Certain expenses can be substantiated by submitting receipts and documents, but others may require expert testimony. For instance, in cases where an accident leads to an extremely severe spinal cord injury which leaves a victim partially paralyzed or disabled, it could be necessary to consult an occupational specialist to determine the full impact of the injury. This can help the court or jury to determine what your total financial and personal impacts will be.

The most complex types of economic damages are those relating to future medical expenses and lost earnings. It is possible to document these costs by using a medical professional's assessment of when you'll reach the point of maximum medical improvement or when your recovery will likely come to an end. However, you'll need to prove your future financial loss by providing pay invoices, stubs and accident other evidence of your current and past income.

Insurance companies are trying to not pay as much damages as they are legally required to. A competent personal injury lawyer can ensure that you get all compensation damages to which are entitled. Contact Dennis and King today to schedule an appointment for a no-cost consultation. We can help you seek the full range of your economic and non-economic damages after an New York car accident or other personal injury accident attorney.