Types of Accident Compensation Typically, this type compensation is used to pay for medical expenses such as prescription devices and drugs as well as physical therapy and surgery. The compensation could also cover future earnings potential. This type of compensation may be described as "general damages." However, determining the amount of these damages can be difficult as insurers use different calculation methods. Economic Damages Economic damages are the tangible and quantifiable costs associated with an accident. These are expenses that are out of pocket including lost wages, property damage costs, and financial losses that will come from the injury or disability. These costs are determined by juries and courts based on documents such as hospital bills, pharmacy receipts and vehicle repair estimates. These are the immediate expenses of a crash, and are simple to prove. They include medical expenses, for example, the first hospital stay and all subsequent treatment and care. These expenses can also include the cost to repair damaged vehicles and other items of property, such as clothing and household goods. The cost of hiring someone to take care of chores around the home or drive children to and from school or extracurricular activities can be included, as well. Loss of wages is another common and significant category of economic damages. These include not only your missed earnings from the time you were forced to stay home from work due to your injuries, but they can be a factor in lost productivity while recovering and any sick days or vacation leave. In some instances you could even receive compensation for the loss of your potential earnings when your injury stops you from returning to your former career or prevents you from earning the same amount in the future. https://vimeo.com/709539815 are fairly clear and quantifiable. However, other damages that you are able to claim could be more difficult to prove. These damages that are not economic can be more difficult to quantify and include things like discomfort and pain, disfigurement, and loss of enjoyment in life. What can you prove to prove these Damages? While some of the expenses within these categories are straightforward and can be proven by submitting receipts and papers Other expenses might require expert testimony. If an accident results in a severe spinal injury that causes the victim to be partially paralyzed, then it is required to consult with an occupational expert to determine the impact of the injury on the victim. This can help the jury or court to make a precise assessment of your personal and financial impact. The most complicated economic damages are those that relate to future medical expenses as well as lost earnings. It may be possible to document these expenses with the help of a medical professional's estimation of when you will achieve maximum medical improvement, or when your recovery will likely come to an end. However, you'll have to prove your financial loss by submitting pay invoices, stubs and other evidence of your present and previous income. Insurance companies will try to avoid paying the full amount of damages that they are legally obliged to pay. A skilled personal injury lawyer can make sure that you receive all compensatory damages to which you are entitled. Dennis and King can set up a free consultation. We can assist you in recovering all of your economic and other damages following the occurrence of a New York auto accident or personal injury accident.