The Ultimate Glossary Of Terms About Accident Litigation

Types of Accident Compensation

Typically, this type of compensation is used to pay for medical expenses such as prescription devices and drugs as well as physical therapy and surgery. This type of compensation can also be used to cover future earnings.

This kind of compensation is sometimes referred to "general damages." However, determining the amount of these damages can be difficult as insurers use different methods of calculation.

Economic Damages

Economic damages are the tangible and measurable expenses resulting from an accident attorney. These include expenses out of pocket as well as the loss resulting from a missed work as well as property damage costs. future financial losses that are expected due to the injury or disability. These costs are calculated by juries and courts using documents such as hospital bills, pharmacy receipts, and estimates for vehicle repairs.

These costs are fairly simple to prove and are among the most immediate costs associated with a crash. They usually include medical costs like the initial hospital stay, and all subsequent treatment and care. They can also include the cost of repairing or replacing a damaged vehicle or other property items such as clothing and household items. These expenses can also include the cost of hiring a person to assist with household chores or transport your children to school or any other extracurricular activities.

Lost wages are a different and important category of economic damages. These include not only your missing wages from the time you were unable to work from work because of injuries, but they can include the loss of productivity during recovery and any vacation or sick days. In certain instances you can also claim compensation for the loss of your future earning capacity if your injury prevents you from returning to your previous job or prevents you from earning the same amount in the future.

While these costs are relatively easy to quantify, some of the other damages you could claim are less clear. These non-economic damages are more difficult to quantify, accident attorney and include things like discomfort and Accident Attorney pain or disfigurement as well as loss of enjoyment in life.

How do you demonstrate these damages?

While some of the expenses within these categories are simple and can be proved with paperwork and receipts However, some expenses will require expert testimony. For example, in cases where an accident lawyer leads to an extremely severe spinal cord injury that renders a person partially paralyzed, then it could be necessary to consult with an occupational expert to determine the full impact of the injury. This can assist the court or jury make an accurate assessment of your financial and personal impact.

The most complicated economic losses are those related to future medical expenses and lost earnings. You may be able to record these expenses using a medical professional’s estimate of your best medical improvement or when your recovery is likely to end. You'll need to prove that you'll suffer future financial loss. This can be accomplished by sending in your pay stubs, or expense receipts.

Insurance companies try to avoid paying as much damages as they are obligated to. A knowledgeable personal injury lawyer can ensure that you receive the compensation to which you are entitled. Contact Dennis and King today to schedule a free consultation. We can help you pursue the full range of your economic and non-economic damage resulting from a New York car accident or any other personal injury or Accident attorney.