Guide To Accident Litigation: The Intermediate Guide On Accident Litigation

Types of Accident Compensation

Typically, this kind of compensation is used to pay for medical expenses such as prescription devices and drugs, physical therapy and surgery. This type of compensation can include future earnings potential.

This type of compensation is often called "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 quantifiable expenses resulting from an accident. These include out-of pocket expenses such as lost wages as well as property damage costs and financial losses that will come from the disability or injury. These costs are figured by juries and courts using documents such as hospital bills, pharmacy receipts and estimates of repairs to the vehicle.

These costs are fairly simple to prove and are the most immediate costs associated with an accident lawsuits. They usually include medical expenses for the initial hospitalization and all subsequent 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 a third party to do housework or drive your children to school or extracurricular activities.

Lost wages are another frequent and important category of economic damages. This includes not only the wages you have missed due to your injuries but also any productivity loss during your recovery as well as sick days or vacation leaves. In certain cases, you can even recover compensation for the loss of your earning potential in the future when your injury stops you from returning to your former job or stops you from earning the same amount in the future.

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

How can you prove these Damages?

Some expenses can be proved through receipts or paperwork however, some expenses may require expert testimony. For instance, in situations where an accident leads to a severe spinal cord injury that leaves the victim partially paralyzed, it might be necessary to consult with an occupational specialist to assess the full impact of the injury. This will assist the jury or court to make a precise determination of what your total financial and personal impacts will be.

The most complicated forms of economic losses are those that concern future medical expenses and lost earnings. You may be able record these expenses using a medical professional’s estimation of your best medical improvement or when your recovery is likely to end. You will need to prove that you'll 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 obligated to. A personal injury lawyer with experience will ensure that you receive all the compensatory damages you are entitled to. Contact Dennis and accident King today to set up an initial consultation for free. We can help you pursue the full spectrum of non-economic and financial damages after a New York car accident or other personal injury accident.