Types of Accident Compensation

Typically, this kind 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 include future earnings potential.

This type of compensation is sometimes referred to "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 and quantifiable cost of an Trinidad Accident Lawsuit. These are expenses that are out of pocket, lost wages and property damage costs and future financial losses resulting from the injury or disability. Courts and juries typically calculate these costs based on documentation such as hospital bills, pharmacy receipts and estimates for repairs to vehicles.

These costs are relatively easy to prove and are the most immediate expenses incurred by an la mirada accident law firm. They typically include medical expenses like the initial hospitalization and all follow-up care and treatment. These expenses can also include the cost of repairing damaged vehicles or other items of property such as clothes and household goods. These expenses could also include the cost of hiring someone else to assist with household chores or transport your children to school or extracurricular activities.

Loss of wages is another important aspect of economic damages. This includes not only the wages you have missed due to your injuries but also any lost productivity during your recovery as well as vacation or sick days. In certain cases, compensation can be recovered for the loss of future earnings capacity. This is the case in the event that you are not able to return to your previous career or earn the equivalent amount.

These costs are quite clear and quantifiable. However other damages you can claim may be less clear. These non-economic damages can be more difficult to quantify, and include things like discomfort and pain disfigurement, the loss of enjoyment.

How Can You Prove These Damages?

While some of the expenses in these categories are straightforward and can be substantiated by submitting receipts and papers However, some expenses will require expert testimony. If an accident causes a severe spinal injury that causes the victim to be partially paralyzed, then it is required to consult with an occupational specialist to determine how the injury will affect the victim. This can aid the jury or the court make an accurate determination of the full extent of personal and financial consequences will be.

The most complicated kinds of economic damages are those that concern future medical expenses and lost earnings. It is possible to record these expenses using a medical professional's estimation of your maximum medical improvement or when your recovery is expected to come to an end. You'll need to prove that you'll suffer future financial loss. This can be accomplished by submitting your pay stubs or expense receipts.

Insurance companies try to not pay as much damages as they are legally required to. A personal injury lawyer who is skilled will ensure that you receive all the compensation damages you are entitled to. Contact Dennis and King today to set up a free consultation. We can help you recover all of your economic as well as other damages following a New York auto accident or personal injury incident.