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Types of Accident Compensation

This type of compensation usually covers medical costs, including prescription medications and devices, physical therapy and surgeries. It can also cover the loss of future earnings potential.

This type of compensation is sometimes referred to “general damages.” It can be challenging 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 lebanon accident attorney. These include out-of-pocket expenses, losses from missed work cost for property damage, and future financial losses attributed to the injury or disability. These costs are estimated by juries and courts using documents such as hospital bills, pharmacy receipts, and estimates for repairs to vehicles.

These are the direct costs of a crash and are easy to prove. They include medical expenses, such as the first hospitalization, as well as any subsequent care and treatment. They may also include the cost of repairing or replacing a damaged vehicle or other property items, including household and clothing products. The cost of hiring someone to do chores around the house or drive children to and from school, or extracurricular activities can be included, as well.

Lost wages are a different and important type of economic damages. This includes not only the income you lost due to your injuries but also any lost productivity during your recovery and any sick days or vacation leaves. In certain cases you could even receive compensation for the loss of your potential earnings if your injury prevents you from returning to your former career or prevents you from earning the same amount in the future.

While these expenses are transparent and quantifiable, some of the other damages that you can claim are not as clear. These non-economic damages can be more difficult to quantify, and include things like pain and discomfort or disfigurement as well as loss of enjoyment in life.

What can you prove to prove these Damages?

While a few of the expenses in these categories are easy to prove with paperwork and receipts However, some expenses will require expert testimony. If an st peter accident attorney causes a severe spinal injury that renders the victim partially paralyzed, it could be necessary to consult an occupational expert to determine the impact of the injury on the victim. This can aid the jury or the court to make a precise assessment 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 may be possible to document these expenses with the help of a medical professional’s estimation of when you will reach maximum medical improvement, or when your recovery is likely to end. You’ll need to show that you’ll suffer a future financial loss. This can be accomplished by submitting your pay stubs or expense receipts.

Insurance companies will try to avoid paying the total amount of damages they have to pay legally. A seasoned personal injury lawyer can ensure that you get all compensatory damages to which you are entitled. Contact Dennis and King today to schedule an appointment at no cost. We can assist you in recovering all of your financial and other damages after an New York auto waseca accident lawyer or personal injury.