Types of Accident Compensation This type of compensation usually covers medical expenses, including prescription drugs or devices, physical therapy and even surgery. It could also cover the loss of future earnings. This kind of compensation is commonly referred to as "general damages." It can be difficult to determine the value of these damages because insurers use different methods of calculation. Economic Damages Economic damages are the tangible and quantifiable costs associated with an accident. They include out-of-pocket expenses as well as the loss resulting from a missed work as well as property damage costs. future financial losses attributed to the disability or injury. These costs are determined by juries and courts using documents like hospital bills, pharmacy receipts, as well as 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 usually include medical costs, such as the initial hospital stay, and all subsequent treatment and care. They could also include the cost of a damaged vehicle or other property items like clothing and household products. These expenses can also include the cost of hiring a third party to help with housework or driving your children to school or extracurricular events. Lost wages are a different and significant category of economic damages. They include not just lost wages due to the fact that you were unable to work from work due to injuries, but also include the loss of productivity during recovery and any use of sick days or vacation leave. In some cases it is possible to recover compensation for the loss of future earning capacity. This is the situation if you are unable to return to your former career or earn the same amount. While these expenses are easy to quantify, some of the other damages that you can claim are less so. These damages that are not economic can be more difficult to quantify, and could include things like pain and suffering, disfigurement and loss of enjoyment of life. How can you prove these Damages? While some of the expenses in these categories are straightforward and can be proven by submitting receipts and papers, other expenses may require expert testimony. For instance, in cases where an accident causes serious spinal cord injuries that leaves the victim partially paralyzed, it might be necessary to consult an occupational specialist to assess the full impact of the injury. This can aid the jury or the court determine the exact extent of your financial and personal impact. The most complicated kinds of economic losses are those that concern future medical expenses and lost earnings. It is possible to document these costs by using a medical professional's assessment of when you will achieve maximum medical improvement, or when your recovery is likely to be over. https://vimeo.com/709632161 will need to prove that you will suffer a future financial loss. This can be accomplished by sending in your pay stubs, or expense receipts. Insurance companies try to keep from paying as much damages as they are legally required to. A skilled personal injury lawyer will ensure that you receive all compensatory damages to which you are entitled. Dennis and King can schedule a no-cost consultation. We can assist you in recovering all of your economic and other damages following a New York auto accident or personal injury incident.