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Types of Accident Compensation

This type of compensation usually covers medical expenses, such as prescription medications as well as devices, physical therapy and surgeries. It could also be used to cover future earnings.

This type of compensation may be referred to as “general damages.” It isn’t always easy to determine the amount of these damages due to the fact that insurers use different methods for calculation.

Economic Damages


Economic damages are the tangible, quantifiable costs that result from an accident. They include out-of-pocket expenses, losses from missed work as well as property damage costs. the potential for future financial losses due to the injury or disability. These costs are calculated by juries and courts based on documents like hospital bills, pharmacy receipts, and estimates for repairs to vehicles.

These are the immediate costs of a crash, and are simple to prove. They cover medical expenses, like the initial hospitalization and any subsequent care and treatment. These expenses can also include the cost of fixing damaged vehicles and other items of property including household and clothing goods. The cost of hiring a person to do chores around the home or to transport children to and from school, or other activities may be included in these expenses as well.

Loss of wages is another important aspect of economic damages. This includes not only the wages you missed due to your injuries, but also any lost productivity during your recovery as well as vacation or sick days. In some cases there is a possibility of recovering compensation in the event of a loss of future earning capacity. This is the situation when you are unable to return to your previous job or earn the same amount.

The costs are pretty clear and measurable. However other damages you can claim are less 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.

What can you prove to prove these Damages?

Certain expenses can be established by means of receipts and papers Some expenses can be proven with receipts and paperwork, while others require expert testimony. When an accident causes severe spinal injury that leaves the victim partially paralyzed, it could be required to consult with an occupational specialist to determine the impact of the injury on the victim. This can assist the jury or court determine with certainty what your total personal and financial impacts will be.

The most complicated kinds of economic losses are those that involve future medical expenses and lost earnings. hollywood accident attorney might be able to prove these expenses by using a medical professional’s estimation of your maximum medical improvement or when your recovery is likely to come to an end. But, you’ll need to prove the future financial loss by submitting pay stubs, expense receipts and other evidence of your past and present income.

Insurance companies try to avoid paying the total amount of the damages they are legally obliged to pay. A personal injury lawyer with experience will ensure that you receive all of the compensatory damages you are entitled to. Dennis and King can set up a free consultation. We can assist you in pursuing the full range of economic and non-economic damage resulting from a New York car accident or another personal injury event.