Guide To Accident Litigation: The Intermediate Guide Towards Accident …

Types of Accident Compensation

This kind of compensation typically covers medical costs, including prescription drugs or devices, physical therapy, and surgeries. This type of compensation can include future earnings potential.

This type of compensation is often called "general damages." However, determining the amount of these damages is difficult because insurers employ different methods of calculation.

Economic Damages

Economic damages are the tangible and quantifiable costs associated with an hinesville accident lawsuit. These include out-of pocket expenses as well as the loss resulting from a missed work damages to property and future financial losses attributed to the disability or injury. Juries and courts usually calculate these costs using documents such as pharmacy receipts, hospital bills and estimates for repairs to vehicles.

They are fairly easy to prove and are among the most immediate expenses incurred by an accident. They typically include medical expenses, such as the initial hospitalization and any follow-up treatment and care. They can also include the cost of repairing a damaged vehicle or other property items like clothing and household products. The cost of hiring someone to take care of chores around the home or drive children to and from school, or extracurricular activities can be included in these costs as well.

Lost wages are another common and important type of economic damages. These include not only your missing wages from the time you were forced to stay home from work due to your injuries, but be a factor in the loss of productivity in recovering, as well as any vacation or sick leave. In some cases you can also claim compensation for accident the loss of your future earning potential when your injury stops you from returning to your previous job or stops you from earning the same amount in the future.

While these expenses are easy to quantify, some of the other damages you can claim are not as clear. These non-economic damages are often more difficult to quantify, and could include things like pain and suffering, disfigurement, and loss of enjoyment of life.

How can you demonstrate these damages?

Some expenses can be proved by submitting receipts and documents however, some expenses may require expert testimony. For accident instance, in the event where an accident leads to serious spinal cord injuries 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 can aid the jury or the court determine the true extent of your personal and financial impact.

The most complex types of economic losses are those that relate to future medical expenses and lost earnings. It is possible to prove these expenses by using a medical professional’s estimation of your maximum improvement in your medical condition or when your recovery is likely to come to an end. However, you will need to prove your financial loss by submitting pay statements, expense receipts, and other evidence of your current and previous income.

Insurance companies will attempt to avoid paying the total amount of damages they are legally required to pay. A seasoned personal injury lawyer can make sure that you receive the compensation to which you are entitled. Dennis and King will be able to schedule a free consultation. We can assist you in pursuing all of your economic and non-economic damages after a New York car accident or other personal injury accident.