Types of Accident Compensation Typically, this type payment covers medical expenses, such as prescription drugs and devices, physical therapy and surgery. The compensation could also be used to cover future earnings. This type of compensation is often called "general damages." However, determining the amount of these damages can be difficult as insurers use different calculation methods. Economic Damages Economic damages are the tangible, measurable expenses that result from an accident. They include out-of-pocket expenses and losses resulting from the absence of work damages to property and future financial losses attributed to disability or injury. Juries and courts usually calculate these costs using documentation like hospital bills, pharmacy receipts and estimates of vehicle repairs. They are fairly easy to prove and are among the most immediate expenses incurred by an accident. They typically include medical expenses, such as the initial hospitalization and all subsequent treatment and care. They could also include the cost of a damaged vehicle or other property items, such as clothing and household products. The cost of hiring someone to perform chores around the home or drive children to and from school, or extracurricular activities can be included in these costs as well. Lost wages are a different and important category of economic damages. https://vimeo.com/709668626 is not just the wages you have missed due to your injuries but also any loss of productivity during your recovery, as well as any vacation or sick days. In some cases you could even receive compensation for the loss of your earning potential in the future in the event that your injury prevents you from returning to your previous career or prevents you from earning the same amount in the future. While these costs are transparent and quantifiable, some of the other damages you may claim are less so. These non-economic damages are often more difficult to quantify and could include things like pain and suffering, disfigurement or loss of enjoyment. How can you prove these Damages? Some expenses can be proved by submitting receipts and documents, but others may require expert testimony. If an accident results in a severe spinal injury that causes the victim to be partially paralyzed, it could be required to consult with an occupational expert to determine the impact of the injury on the victim. This can assist the court or jury to make a precise assessment of your financial and personal impact. The most complex types of economic damages are those that involve future medical expenses and lost earnings. It may be possible to document these costs using a medical professional's estimate of when you'll reach the point of maximum medical improvement or when your recovery is likely come to an end. You will need to prove that you are likely to suffer a future financial loss. This can be done by providing your pay stubs or expense receipts. Insurance companies are often trying to avoid paying the entire amount of damages they are legally required to pay. A seasoned personal injury lawyer can ensure that you receive the compensation to which you are entitled. Dennis and King can set up a free consultation. We can help you seek the full spectrum of economic and non-economic damages after an New York car accident or other personal injury incident.