20 Fun Informational Facts About Accident Litigation

Types of Accident Law Firm Compensation

This kind of compensation typically covers medical expenses, including prescription medications and devices, physical therapy and surgeries. It could also cover the loss of future earnings potential.

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

Economic Damages

Economic damages are the tangible and measurable expenses resulting from an accident. These include out-of-pocket expenses such as lost wages damages to property, and future financial losses resulting from the disability or injury. Courts and juries typically calculate these costs by using documents like pharmacy receipts, hospital bills and vehicle repair estimates.

These costs are relatively easy to prove and are the most immediate expenses incurred by a crash. They include medical costs, like the initial hospital stay, and accident law firm any subsequent treatment and care. They may also include the cost of repairing a damaged vehicle or other property items, such as clothing and household items. The cost of hiring someone to do chores around the house or drive children to and from school or other activities may be included as well.

Lost wages are another frequent and significant category of economic damages. These include not only your missed earnings from the time you were forced to stay home from work because of your injuries, but they may also include lost productivity while recovering and any use of vacation or sick leave. In certain instances you could even receive compensation for the loss of your earning potential in the future if your injury prevents you from returning to your previous job or hinders you from earning the same amount in the future.

These costs are easily identifiable and quantifiable. However other damages you can claim may be less obvious. These damages that are not economic can be more difficult to quantify, and include things like discomfort and pain disfigurement, loss of enjoyment.

How Do You Prove These Damages?

Certain expenses can be proven through receipts or paperwork however, some expenses may require expert testimony. If an accident causes a severe spinal injury that renders the victim partially paralyzed, then it is required to consult with an occupational expert to determine how the injury will affect the victim. This will assist the jury or court determine with certainty the full scope of personal and financial implications will be.

The most complicated forms of economic damages are those that involve future medical expenses and lost earnings. You may be able record these expenses using a medical professional's estimation of your maximum medical improvement or when your recovery is likely to end. However, you'll have to prove the future financial loss by providing pay stubs, expense receipts as well as other proof of your current and past income.

Insurance companies attempt to avoid paying as much damages as they are required to. A personal injury lawyer with experience can ensure you receive all the compensation damages you are entitled to. Contact Dennis and King today to schedule an initial consultation for free. We can assist you in pursuing the full range of non-economic and accident law firm financial injuries resulting from an New York car accident or any other personal injury or accident.