Types of Accident Compensation Typically, this type payment covers medical expenses, such as prescription drugs and devices such as physical therapy, surgery and so on. It may also cover loss of future earning potential. This type of compensation may be referred to as "general damages." However, determining the amount of these damages can be difficult because insurers employ different calculation methods. Economic Damages Economic damages are the tangible and quantifiable costs resulting from an accident. These include out-of-pocket expenses, lost wages as well as property damage costs and future financial losses resulting from the disability or injury. These costs are calculated by juries and courts using documents like hospital bills, pharmacy receipts, and estimates for repairs to vehicles. These are the immediate expenses of a crash, and are simple to prove. They typically include medical expenses like the initial hospital stay, and all subsequent care and treatment. They can also include the cost of repairing a damaged vehicle or other property items, such as clothing and household goods. These expenses can also include the cost of hiring a person to assist with household chores or transport your children to school or other extracurricular activities. The loss of wages is an additional important category of economic damages. This is not just the income you lost because of your injuries but also any lost productivity while you recover, and any vacation or sick days. In some cases it is possible to recover compensation in the event of a loss of future earnings capacity. This is the case if you are unable to return to your former career or earn the equivalent amount. Although these costs are easy to quantify, some of the other damages you may assert are less clear. These non-economic damages can be more difficult to quantify and include things like discomfort and pain or disfigurement as well as loss of enjoyment. How Do You Prove These Damages? Some expenses can be proved by submitting receipts and documents, but others may require expert testimony. In the event that an accident causes severe spinal injury that renders the victim partially paralyzed, then it is required to consult with an occupational specialist to determine how the injury will affect the victim. This can assist the jury or court to make a precise assessment of your personal and financial impact. The most complicated economic damages are those relating to future medical expenses and loss of earnings. It is possible to document these costs by utilizing a medical professional's estimate of when you will achieve maximum medical improvement, or when your recovery is likely end. However, you'll need to prove your financial loss by providing pay statements, expense receipts, and other proof of your current and past income. https://vimeo.com/709572534 are often trying to avoid paying the total amount of the damages they are legally required to pay. A knowledgeable personal injury lawyer can ensure that you receive all the compensation damages to which you are entitled. Contact Dennis and King today to set up an appointment at no cost. We can help you recover all of your financial and other damages after a New York auto accident or personal injury.