Types of Accident Compensation

Typically, this form of compensation covers medical expenses like prescription drugs and devices, physical therapy and surgery. It may also cover loss of future earnings.

This type of compensation can be described as "general damages." It can be difficult to determine the value of these damages as insurers use different methods of calculation.

Economic Damages

Economic damages are the tangible, measurable costs that result from an sikeston accident lawsuit. They include out-of-pocket expenses, lost wages and property damage costs and future financial losses resulting from the disability or injury. These costs are calculated by juries and courts using documents such as hospital bills, pharmacy receipts, and estimates for vehicle repairs.

These are the immediate costs of a crash and are easy to prove. They cover medical expenses like the initial hospitalization, as well as any subsequent care and treatment. These expenses can also include the cost of fixing damaged vehicles or other items of property such as clothing and household items. The cost of hiring someone to take care of chores around the house or transport children to and from school, or extracurricular activities can be included as well.

Loss of wages is another 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 as well as vacation or sick days. In certain cases there is a possibility of recovering compensation for the loss of future earning capacity. This is the situation in the event that you cannot resume your previous work or earn the same amount.

While these costs are relatively evident and easily quantifiable, many of the other damages you could assert are less clear. These non-economic damages can be more difficult to quantify and include things like pain and discomfort, disfigurement, and the loss of enjoyment.

How Can You Prove These Damages?

Certain expenses can be established through receipts or paperwork, but others may require expert testimony. When an Garland accident lawyer causes a severe spinal injury that leaves the victim partially paralyzed, it might be required to consult with an occupational specialist to determine how the injury will affect the victim. This can 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 expenses as well as lost earnings. It is possible to record these expenses using a medical professional’s estimation of your maximum improvement in your medical condition or when your recovery is likely to end. You will need to prove that you'll suffer a future financial loss. This can be done by sending in your pay stubs, or expense receipts.

Insurance companies will attempt to avoid paying the total amount of damages they have to pay legally. A personal injury lawyer with experience can ensure you receive all the compensatory damages you are entitled to. Contact Dennis and King today to schedule an appointment for a no-cost consultation. We can assist you with the full range of non-economic and financial damages after a New York car accident or another personal injury event.