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Accident Litigation: A Simple Definition
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Types of Accident Compensation
Typically, this kind of compensation covers medical expenses like prescription devices and drugs including physical therapy and surgery. This compensation may also be used to cover future earnings.
This type of compensation is often called "general damages." It isn't always easy to determine the value of these damages as insurers use different methods for calculation.
Economic Damages
Economic damages are the tangible and measurable costs associated with an accident lawyers. These include expenses out of pocket for lost wages due to missed work, property damage costs and future financial losses attributed to the disability or injury. These costs are calculated by juries and courts based on documents like hospital bills, pharmacy receipts, and vehicle repair estimates.
These costs are relatively easy to prove and are among the most immediate expenses associated with the event of a crash. They usually include medical expenses for the initial hospital stay, and any follow-up treatment and care. They can also include the cost of repairing damaged vehicles or other items of property like clothes and household products. These expenses can also include the cost of hiring a person to help with housework or driving your children to school or other extracurricular events.
Lost wages are another frequent and important type of economic damages. This includes not only the wages you missed because of your injuries but also any loss of productivity during your recovery as well as vacation or sick days. In some cases, compensation can be recovered for the loss of future earnings capacity. This is the situation when you are unable to return to your previous job or earn the equivalent amount.
The costs are pretty clear and measurable. However other damages you can claim are more difficult to prove. These non-economic damages can be more difficult to quantify, and could include things like pain and suffering, disfigurement and loss of enjoyment.
How can you prove these damages?
While some of the expenses in these categories are simple and can be proved with paperwork and receipts Certain expenses may require expert testimony. When an accident results in a severe spinal injury that leaves the victim partially paralyzed it may be necessary to consult an occupational specialist to determine the impact of the injury on the victim. This will help the court or jury to make a precise determination of the full scope of personal and financial consequences will be.
The most complicated types of economic losses are those relating to future medical expenses and lost earnings. It may be possible to document these costs with the help of a medical professional's estimation of when you will achieve the point of maximum medical improvement or when your recovery is likely to be over. However, you'll have to prove your future financial loss by providing pay invoices, stubs and other evidence of your current and previous income.
Insurance companies try to avoid paying as much damages as they are obligated to. A competent personal injury lawyer will ensure that you receive all the compensation to which you are entitled. Contact Dennis and King today to set up an appointment for a no-cost consultation. We can assist you in pursuing the full range of non-economic and financial damages after a New York car accident or another personal injury event.
Typically, this kind of compensation covers medical expenses like prescription devices and drugs including physical therapy and surgery. This compensation may also be used to cover future earnings.
This type of compensation is often called "general damages." It isn't always easy to determine the value of these damages as insurers use different methods for calculation.
Economic Damages
Economic damages are the tangible and measurable costs associated with an accident lawyers. These include expenses out of pocket for lost wages due to missed work, property damage costs and future financial losses attributed to the disability or injury. These costs are calculated by juries and courts based on documents like hospital bills, pharmacy receipts, and vehicle repair estimates.
These costs are relatively easy to prove and are among the most immediate expenses associated with the event of a crash. They usually include medical expenses for the initial hospital stay, and any follow-up treatment and care. They can also include the cost of repairing damaged vehicles or other items of property like clothes and household products. These expenses can also include the cost of hiring a person to help with housework or driving your children to school or other extracurricular events.
Lost wages are another frequent and important type of economic damages. This includes not only the wages you missed because of your injuries but also any loss of productivity during your recovery as well as vacation or sick days. In some cases, compensation can be recovered for the loss of future earnings capacity. This is the situation when you are unable to return to your previous job or earn the equivalent amount.
The costs are pretty clear and measurable. However other damages you can claim are more difficult to prove. These non-economic damages can be more difficult to quantify, and could include things like pain and suffering, disfigurement and loss of enjoyment.
How can you prove these damages?
While some of the expenses in these categories are simple and can be proved with paperwork and receipts Certain expenses may require expert testimony. When an accident results in a severe spinal injury that leaves the victim partially paralyzed it may be necessary to consult an occupational specialist to determine the impact of the injury on the victim. This will help the court or jury to make a precise determination of the full scope of personal and financial consequences will be.
The most complicated types of economic losses are those relating to future medical expenses and lost earnings. It may be possible to document these costs with the help of a medical professional's estimation of when you will achieve the point of maximum medical improvement or when your recovery is likely to be over. However, you'll have to prove your future financial loss by providing pay invoices, stubs and other evidence of your current and previous income.
Insurance companies try to avoid paying as much damages as they are obligated to. A competent personal injury lawyer will ensure that you receive all the compensation to which you are entitled. Contact Dennis and King today to set up an appointment for a no-cost consultation. We can assist you in pursuing the full range of non-economic and financial damages after a New York car accident or another personal injury event.
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