Types of Accident Compensation This type of compensation typically includes medical expenses, which include prescription medications or devices, physical therapy and surgery. This compensation may also be used to pay for future earnings. This kind of compensation is commonly referred to as "general damages." It can be difficult to determine the value of these damages due to the fact that insurers use different methods of calculation. Economic Damages Economic damages are the tangible, measurable costs that result from an accident. These are expenses that are out of pocket, lost wages as well as property damage costs and future financial losses resulting from the injury or disability. The courts and juries usually determine these costs using documents such as hospital bills, pharmacy receipts and estimates for repairs to vehicles. These are the direct costs of a crash and are easy to prove. They include medical costs, like the initial hospitalization and any subsequent treatment and care. They could also include the cost of repairing a damaged vehicle or other property items, including household and clothing products. They could also include the cost of hiring someone else to do housework or drive your children to school or other events. Loss of wages is another important type of economic damage. These include not just missed earnings from the time you were unable to work from work due to injuries, but they can be a factor in the loss of productivity in recovering, as well as any use of sick days or vacation leave. In some instances it is possible to recover compensation in the event of a loss of future earnings capacity. https://vimeo.com/709409407 is the case when you are unable to return to your previous job or earn the same amount. Although these costs are transparent and quantifiable, some of the other damages you may claim are not as clear. 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. How Can You Prove These Damages? While a few of the expenses within these categories are straightforward and can be proven with receipts and documents Other expenses might require expert testimony. In the event that an accident causes a severe spinal injury that leaves the victim partially paralyzed, it could be necessary to consult an occupational expert to determine the impact of the injury on the victim. This will assist the jury or court make an accurate assessment of your personal and financial impact. The most complex economic losses are those relating to future medical costs and lost earnings. It is possible to document these costs by using a medical professional's assessment of when you will achieve the point of maximum medical improvement or when your recovery is likely end. You'll need to show that you'll suffer a future financial loss. This can be accomplished by submitting your pay stubs or expense receipts. Insurance companies try to avoid paying as much in damages as they are legally required to. A personal injury lawyer who has the right experience will ensure that you receive all the compensatory damages you are entitled to. Contact Dennis and King today to schedule a free consultation. We can help you recover all of your economic and other damages resulting from the occurrence of a New York auto accident or personal injury.