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Types of Accident law Firm Compensation
Typically, this type of compensation is used to pay for medical expenses such as prescription devices and drugs, physical therapy and surgery. This compensation may include future earnings potential.
This kind of compensation is often called "general damages." It isn't always easy to determine the amount of these damages since insurers use different methods of calculation.
Economic Damages
Economic damages are the tangible and measurable costs resulting from an accident. These include out-of-pocket expenses, lost wages as well as property damage costs and future financial losses resulting from the disability or injury. These costs are figured by juries and courts based on documents like hospital bills, pharmacy receipts and estimates of repairs to the vehicle.
They are fairly easy to prove and are the most immediate expenses that are incurred in a crash. They cover medical expenses like the initial hospitalization and any subsequent treatment and care. They can also include the cost to repair damaged vehicles or other items of property, such as clothes and household items. The cost of hiring someone to do chores around the house or transport children to and from school or other activities may be included in these costs also.
Loss of earnings is another important type of economic damage. These include not only your missed earnings from the time you were unable to work from work due to injuries, but include lost productivity while recovering and any vacation or sick days. In some cases it is possible to recover compensation for the loss of future earning 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 easily identifiable and measurable. However, other damages that you can claim may be more difficult to prove. These non-economic damages are more difficult to quantify, and include things like discomfort and pain, disfigurement, and the loss of enjoyment.
How can you show these damages?
While a few of the expenses within these categories are easy to prove with receipts and documents Other expenses might require expert testimony. For example, in cases that an accident causes a severe spinal cord injury which leaves a victim partially paralyzed, then it could be necessary to consult with an occupational specialist to assess the full impact of the injury. This can help the court or jury make an accurate determination of the full scope of personal and financial consequences will be.
The most complex economic losses are those that involve future medical expenses and lost earnings. It is possible to document these expenses by using a medical professional's assessment of when you'll reach maximum medical improvement, or the time when your recovery will likely end. You'll need to prove that you are likely to suffer a future financial loss. This can be done by making a submission of your pay stubs and expense receipts.
Insurance companies are trying to keep from paying as much damages as they are required to. A personal injury lawyer with experience can ensure that you get all the compensation you are entitled to. Contact Dennis and King today to schedule a free consultation. We can assist you in recovering all of your financial and other damages after a New York auto accident attorney or personal injury incident.
Typically, this type of compensation is used to pay for medical expenses such as prescription devices and drugs, physical therapy and surgery. This compensation may include future earnings potential.
This kind of compensation is often called "general damages." It isn't always easy to determine the amount of these damages since insurers use different methods of calculation.
Economic Damages
Economic damages are the tangible and measurable costs resulting from an accident. These include out-of-pocket expenses, lost wages as well as property damage costs and future financial losses resulting from the disability or injury. These costs are figured by juries and courts based on documents like hospital bills, pharmacy receipts and estimates of repairs to the vehicle.
They are fairly easy to prove and are the most immediate expenses that are incurred in a crash. They cover medical expenses like the initial hospitalization and any subsequent treatment and care. They can also include the cost to repair damaged vehicles or other items of property, such as clothes and household items. The cost of hiring someone to do chores around the house or transport children to and from school or other activities may be included in these costs also.
Loss of earnings is another important type of economic damage. These include not only your missed earnings from the time you were unable to work from work due to injuries, but include lost productivity while recovering and any vacation or sick days. In some cases it is possible to recover compensation for the loss of future earning 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 easily identifiable and measurable. However, other damages that you can claim may be more difficult to prove. These non-economic damages are more difficult to quantify, and include things like discomfort and pain, disfigurement, and the loss of enjoyment.
How can you show these damages?
While a few of the expenses within these categories are easy to prove with receipts and documents Other expenses might require expert testimony. For example, in cases that an accident causes a severe spinal cord injury which leaves a victim partially paralyzed, then it could be necessary to consult with an occupational specialist to assess the full impact of the injury. This can help the court or jury make an accurate determination of the full scope of personal and financial consequences will be.
The most complex economic losses are those that involve future medical expenses and lost earnings. It is possible to document these expenses by using a medical professional's assessment of when you'll reach maximum medical improvement, or the time when your recovery will likely end. You'll need to prove that you are likely to suffer a future financial loss. This can be done by making a submission of your pay stubs and expense receipts.
Insurance companies are trying to keep from paying as much damages as they are required to. A personal injury lawyer with experience can ensure that you get all the compensation you are entitled to. Contact Dennis and King today to schedule a free consultation. We can assist you in recovering all of your financial and other damages after a New York auto accident attorney or personal injury incident.
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