Guide To Accident Litigation: The Intermediate Guide Towards Accident …
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Types of Accident Compensation
Typically, this kind of compensation covers medical bills including prescription drugs and devices, physical therapy and surgery. It could also cover the loss of future earnings potential.
This type of compensation can be referred to 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. They 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 accident injury. Courts and juries typically calculate these costs based on documentation such as hospital bills, pharmacy receipts and vehicle repair estimates.
These expenses are relatively simple to prove and are the most immediate costs associated with an accident. They often include medical expenses including the initial hospitalization and all follow-up care and treatment. They could also include the cost of repairing a damaged vehicle or other property items such as clothing and household goods. The cost of hiring someone to take care of chores around the home or to transport children to and accident from school or other activities may be included in these costs and more.
The loss of wages is an additional important type of economic damage. This includes not just your missed wages from the time you had to stay home from work due to injuries, but be a factor in the loss of productivity during recovery and any sick days or vacation leave. In some cases it is possible to recover compensation for the loss of future earnings capacity. This is the situation in the event that you are not able to resume your previous work or earn the equivalent amount.
Although these costs are evident and easily quantifiable, many of the other damages you can assert are less clear. These non-economic damages are sometimes more difficult to quantify and could include things like pain and suffering, disfigurement or loss of enjoyment of life.
How Do You Prove These Damages?
While some of the costs in these categories are easy to prove with paperwork and receipts, other expenses may require expert testimony. For instance, in cases where an accident lawyers leads to an extensive spinal cord injury that renders a person partially paralyzed or disabled, it could be necessary to consult an occupational specialist to determine the full impact of the injury. This can aid the jury or the court make an accurate determination of what your total personal and financial consequences will be.
The most complex economic damages are those relating to future medical expenses and loss of earnings. You might be able to record these expenses using a medical professional’s estimate of your greatest medical improvement or when your recovery is expected to end. You'll need to show that you will suffer a future financial loss. This can be done by sending in your pay stubs, or expense receipts.
Insurance companies try to keep from paying as much damages as they are obligated to. A competent personal injury lawyer can make sure that you receive all compensation damages to which are entitled. Contact Dennis and King today to set up an appointment for a no-cost consultation. We can assist you in pursuing the full range of your non-economic and economic damage resulting from an New York car accident or other personal injury accident law firm.
Typically, this kind of compensation covers medical bills including prescription drugs and devices, physical therapy and surgery. It could also cover the loss of future earnings potential.
This type of compensation can be referred to 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. They 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 accident injury. Courts and juries typically calculate these costs based on documentation such as hospital bills, pharmacy receipts and vehicle repair estimates.
These expenses are relatively simple to prove and are the most immediate costs associated with an accident. They often include medical expenses including the initial hospitalization and all follow-up care and treatment. They could also include the cost of repairing a damaged vehicle or other property items such as clothing and household goods. The cost of hiring someone to take care of chores around the home or to transport children to and accident from school or other activities may be included in these costs and more.
The loss of wages is an additional important type of economic damage. This includes not just your missed wages from the time you had to stay home from work due to injuries, but be a factor in the loss of productivity during recovery and any sick days or vacation leave. In some cases it is possible to recover compensation for the loss of future earnings capacity. This is the situation in the event that you are not able to resume your previous work or earn the equivalent amount.
Although these costs are evident and easily quantifiable, many of the other damages you can assert are less clear. These non-economic damages are sometimes more difficult to quantify and could include things like pain and suffering, disfigurement or loss of enjoyment of life.
How Do You Prove These Damages?
While some of the costs in these categories are easy to prove with paperwork and receipts, other expenses may require expert testimony. For instance, in cases where an accident lawyers leads to an extensive spinal cord injury that renders a person partially paralyzed or disabled, it could be necessary to consult an occupational specialist to determine the full impact of the injury. This can aid the jury or the court make an accurate determination of what your total personal and financial consequences will be.
The most complex economic damages are those relating to future medical expenses and loss of earnings. You might be able to record these expenses using a medical professional’s estimate of your greatest medical improvement or when your recovery is expected to end. You'll need to show that you will suffer a future financial loss. This can be done by sending in your pay stubs, or expense receipts.
Insurance companies try to keep from paying as much damages as they are obligated to. A competent personal injury lawyer can make sure that you receive all compensation damages to which are entitled. Contact Dennis and King today to set up an appointment for a no-cost consultation. We can assist you in pursuing the full range of your non-economic and economic damage resulting from an New York car accident or other personal injury accident law firm.
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