https://vimeo.com/709542933 of Accident Compensation This type of compensation usually covers medical expenses, including prescription medications or devices, physical therapy, and even surgery. It can also cover the loss of future earning potential. This type of compensation may be described as "general damages." It can be difficult to determine the value of these damages as insurers have different methods of calculation. Economic Damages Economic damages are the tangible, measurable expenses that result from an accident. These include out-of-pocket expenses like lost wages, property damage costs, and financial losses that will come from the injury or disability. Courts and juries typically calculate these costs based on documentation such as pharmacy receipts, hospital bills and estimates for repairs to vehicles. These expenses are relatively simple to prove and are among the most immediate expenses that are incurred in the event of a crash. They often include medical expenses for the initial hospital stay, and all subsequent care and treatment. They may also include the cost of a damaged vehicle or other property items such as household and clothing goods. The cost of hiring someone to do chores around the house or transport children to and from school, or extracurricular activities can be included also. The loss of wages is an additional important type of economic loss. This includes not only the lost wages because of your injuries but also any loss of productivity during your recovery and any sick days or vacation leaves. In certain cases you could even receive compensation for the loss of your future earning potential in the event that your injury prevents you from returning to your previous job or stops you from earning the same amount in the future. The costs are pretty clear and measurable. However other damages you are able to claim could be less obvious. These damages that are not economic can be more difficult to quantify and may include things like pain and suffering, disfigurement, and loss of enjoyment of life. What can you prove to prove these Damages? Certain expenses can be substantiated through receipts or paperwork However, others might require expert testimony. For instance, in situations where an accident causes an extensive spinal cord injury which leaves a victim partially paralyzed, it might be necessary to consult an occupational expert to determine the full impact of the injury. This can help the court or jury determine with certainty what your full range of personal and financial impacts will be. The most complicated forms of economic damages are those relating to future medical expenses and lost earnings. You may be able prove these expenses by using a medical professional’s estimation of your maximum improvement in your medical condition or when your recovery is expected to be over. You'll need to show that you'll suffer a future financial loss. This can be done by providing your pay stubs or expense receipts. Insurance companies are often trying to avoid paying the full amount of damages that they must legally pay. A knowledgeable personal injury lawyer will ensure that you receive all the compensation damages to which are entitled. Dennis and King will schedule a no-cost consultation. We can help you pursue the full range of your non-economic and economic damage resulting from an New York car accident or another personal injury event.