Types of Accident Compensation This kind of compensation typically covers medical expenses, such as prescription drugs and devices, physical therapy, and surgeries. It can also cover the loss of future earning potential. This type of compensation may be referred to as "general damages." However, determining the amount of these damages is complicated because insurers use different methods of calculation. Economic Damages Economic damages are the tangible, measurable costs that result from an accident. These include expenses out of pocket for lost wages due to missed work damages to property and future financial losses attributed to disability or injury. The courts and juries usually determine these costs by using documents like pharmacy receipts, hospital bills and vehicle repair estimates. These expenses are relatively simple to prove and are the most immediate expenses that are incurred in the event of a crash. They cover medical expenses for example, the first hospitalization, as well as any subsequent treatment and care. They could also include the cost of repairs to a damaged vehicle or other property items, like clothing and household products. These expenses could also include the cost of hiring a person to assist with household chores or transport your children to school or extracurricular activities. Lost wages are another frequent and important type of economic damages. This includes not just your missed wages from the time you were required to stay home from work because of your injuries, but they may include the loss of productivity during recovery and any vacation or sick leave. In certain cases you could even receive compensation for the loss of your future earning capacity in the event that your injury prevents you from returning to your former job or hinders you from earning the same amount in the future. The costs are pretty clear and measurable. However, other damages that you can claim may be less so. These non-economic damages are sometimes 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? Certain expenses can be established with receipts and paperwork However, others might require expert testimony. For https://vimeo.com/709511031 , in cases where an accident leads to a severe spinal cord injury that leaves a victim partially paralyzed or disabled, it could be necessary to speak with an occupational specialist to assess the full impact of the injury. This will aid the jury or the court make an accurate determination of the full extent of personal and financial consequences will be. The most complex types of economic damages are those that concern future medical expenses and lost earnings. It may be possible to document these costs by utilizing a medical professional's estimate of when you'll reach maximum medical improvement, or when your recovery is likely end. But, you'll need to prove your financial loss by submitting pay statements, expense receipts, as well as other proof of your current and past income. Insurance companies are trying to not pay as much damages as they are legally required to. A skilled personal injury lawyer can ensure that you get all compensation damages to which are entitled. Contact Dennis and King today to set up a free consultation. We can help you recover all of your financial and other damages following the occurrence of a New York auto accident or personal injury.