• 목록
• 답변
• 글쓰기
• 게시판 리스트 옵션
  • 수정
  • 삭제

Types of Accident Compensation

This kind of compensation typically covers medical expenses, such as prescription drugs, devices, physical therapy, and surgeries. It can also cover the loss of future earning potential.

This type of payment can be described as "general damages." However, determining the amount of these damages is complicated because insurers use different methods of calculation.

Economic Damages

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

These costs are relatively easy to prove and are the most immediate expenses associated with a crash. They usually include medical costs, such as the initial hospital stay, and any follow-up treatment and care. These expenses can also include the cost to repair a damaged car or other items of property, including household and clothing goods. The cost of hiring someone to perform chores around the home or drive children to and from school or other activities may be included, as well.

Loss of wages is another important type of economic loss. They include not just missing wages from the time you were forced to stay home from work due to your injuries, but they may include lost productivity while recovering as well as any use of vacation or sick days. In some cases, compensation can be recovered for the loss of future earnings capacity. This is the situation in the event that you are not able to return to your previous career or earn the equivalent amount.

While these costs are clear and measurable, some of the other damages you can claim are less so. 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 straightforward and can be proven with paperwork and receipts Other expenses might require expert testimony. For example, in cases where an accident lawyer causes serious spinal cord injuries that leaves a victim partially paralyzed or disabled, it could be necessary to consult with an occupational specialist to assess the full impact of the injury. This will assist the jury or court determine with certainty what your total personal and financial consequences will be.

The most complicated economic losses are those that involve future medical expenses and loss of earnings. It is possible to document these costs by using a medical professional's assessment of when you'll reach maximum medical improvement, or when your recovery is likely to end. However, you'll need to prove your future financial loss by submitting pay bills, expense receipts and other evidence of your present and previous income.

Insurance companies try to not pay as much damages as they are required to. A knowledgeable personal injury lawyer will ensure that you receive all the compensation to which you are entitled. Contact Dennis and King today to set up an initial consultation for free. We can assist you with the full spectrum of your non-economic and economic damages following a New York car accident or other personal injury incident.