Types of Accident Compensation

This kind of compensation typically covers medical costs, including prescription medications as well as devices, physical therapy, Vimeo and surgery. It could also cover the loss of future earning potential.

This type of compensation is usually referred to as "general damages." It isn't always easy to determine the amount of these damages since insurers use different methods for calculation.

Economic Damages

Economic damages are the tangible, measurable costs that result from an weslaco accident law firm. These include out-of pocket expenses such as lost wages damages to property, and future financial losses resulting from the injury or disability. These costs are calculated by juries and courts based on documents such as hospital bills, pharmacy receipts, and vehicle repair estimates.

These are the immediate costs of a crash and are simple to prove. They often include medical expenses, such as the initial hospitalization and all subsequent treatment and care. They can also include the cost of a damaged vehicle or other property items including household and clothing products. The cost of hiring someone to perform chores around the home or to transport children to and from school, or other activities may be included in these costs as well.

The loss of wages is an additional important aspect of economic damages. This includes not only the income you lost due to your injuries but also any productivity loss during your recovery and any sick days or vacation leaves. In certain cases you can recover compensation for the loss of future earning capacity. This is the case when you are unable to return to your former career or earn the same amount.

While these costs are relatively clear and measurable, some of the other damages you could assert are less clear. These non-economic damages are often more difficult to quantify and could include things like pain and suffering, disfigurement, and loss of enjoyment.

What can you do to prove these damages?

While a few of the expenses within these categories are simple and can be proved by submitting receipts and papers, other expenses may require expert testimony. When an accident causes a severe spinal injury that leaves the victim partially paralyzed it may be required to consult with an occupational expert to determine the impact of the injury on the victim. This will assist the court or jury determine the true extent of your personal and financial impact.

The most complicated economic losses are those that relate to future medical costs and lost earnings. It may be possible to document these expenses using a medical professional's estimate of when you will achieve maximum medical improvement, or the time when your recovery will likely end. You must prove that you are likely to suffer a future financial loss. This can be done by making a submission of your pay stubs and expense receipts.

Insurance companies will try to avoid paying the total amount of the damages they are legally obliged to pay. A personal injury lawyer with experience can ensure that you get all the compensation damages you are entitled to. Contact Dennis and King today to set up an initial consultation for free. We can assist you with all of non-economic and financial damage resulting from an New York car accident or any other personal injury or accident.