Guide To Accident Litigation: The Intermediate Guide In Accident Litig…
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Types of Accident Compensation
This type of compensation typically covers medical expenses, such as prescription medications and devices, physical therapy, and even surgery. It can also cover the loss of future earning potential.
This kind of compensation is usually referred to as "general damages." It isn't always easy to determine the amount of these damages because insurers have different methods of calculation.
Economic Damages
Economic damages are the tangible and measurable expenses resulting from an accident. These include out-of-pocket expenses including lost wages damages to property, and financial losses that will come from the injury or Accident attorney disability. These costs are figured by juries and courts based on documents like hospital bills, pharmacy receipts, as well as estimates of repairs to the vehicle.
These expenses are relatively simple to prove and are the most immediate expenses that are incurred in an accident. They cover medical expenses, like the initial hospital stay, and any subsequent care and treatment. They may also include the cost of repairing or replacing a damaged vehicle or other property items, such as household and clothing products. These expenses can also include the cost of hiring a person to help with housework or driving your children to school or extracurricular activities.
Loss of earnings is another important type of economic loss. These include not just missing wages from the time you were unable to work from work because of your injuries, but they may also include the loss of productivity during recovery and any vacation days or sick days. In some instances you can also claim compensation for the loss of your future earning potential when your injury stops you from returning to your previous career or prevents you from earning the same amount in the future.
Although these costs are easy to quantify, some of the other damages you may claim are not as clear. These non-economic damages can be more difficult to quantify, and could include things like pain and suffering, disfigurement and loss of enjoyment of life.
How do you prove these damages?
While some of the costs within these categories are simple and can be proved with receipts and documents, other expenses may require expert testimony. For instance, in situations where an accident leads to serious spinal cord injuries which leaves a victim partially paralyzed, it might be necessary to consult with an occupational expert 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 impacts will be.
The most complicated economic losses are those that involve future medical expenses as well as lost earnings. You may be able record these expenses using a medical professional’s estimate of your greatest medical improvement or when your recovery is likely to come to an end. You'll need to prove that you are likely to suffer a future financial loss. This can be accomplished by making a submission of your pay stubs and expense receipts.
Insurance companies are trying to avoid paying as much damages as they are required to. A personal injury lawyer who has the right experience can ensure that you get all the compensatory damages you are entitled to. Contact Dennis and King today to schedule a free consultation. We can help you pursue the full spectrum of non-economic and financial damage resulting from an New York car accident or other personal injury accident.
This type of compensation typically covers medical expenses, such as prescription medications and devices, physical therapy, and even surgery. It can also cover the loss of future earning potential.
This kind of compensation is usually referred to as "general damages." It isn't always easy to determine the amount of these damages because insurers have different methods of calculation.
Economic Damages
Economic damages are the tangible and measurable expenses resulting from an accident. These include out-of-pocket expenses including lost wages damages to property, and financial losses that will come from the injury or Accident attorney disability. These costs are figured by juries and courts based on documents like hospital bills, pharmacy receipts, as well as estimates of repairs to the vehicle.
These expenses are relatively simple to prove and are the most immediate expenses that are incurred in an accident. They cover medical expenses, like the initial hospital stay, and any subsequent care and treatment. They may also include the cost of repairing or replacing a damaged vehicle or other property items, such as household and clothing products. These expenses can also include the cost of hiring a person to help with housework or driving your children to school or extracurricular activities.
Loss of earnings is another important type of economic loss. These include not just missing wages from the time you were unable to work from work because of your injuries, but they may also include the loss of productivity during recovery and any vacation days or sick days. In some instances you can also claim compensation for the loss of your future earning potential when your injury stops you from returning to your previous career or prevents you from earning the same amount in the future.
Although these costs are easy to quantify, some of the other damages you may claim are not as clear. These non-economic damages can be more difficult to quantify, and could include things like pain and suffering, disfigurement and loss of enjoyment of life.
How do you prove these damages?
While some of the costs within these categories are simple and can be proved with receipts and documents, other expenses may require expert testimony. For instance, in situations where an accident leads to serious spinal cord injuries which leaves a victim partially paralyzed, it might be necessary to consult with an occupational expert 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 impacts will be.
The most complicated economic losses are those that involve future medical expenses as well as lost earnings. You may be able record these expenses using a medical professional’s estimate of your greatest medical improvement or when your recovery is likely to come to an end. You'll need to prove that you are likely to suffer a future financial loss. This can be accomplished by making a submission of your pay stubs and expense receipts.
Insurance companies are trying to avoid paying as much damages as they are required to. A personal injury lawyer who has the right experience can ensure that you get all the compensatory damages you are entitled to. Contact Dennis and King today to schedule a free consultation. We can help you pursue the full spectrum of non-economic and financial damage resulting from an New York car accident or other personal injury accident.
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