Types of Accident Compensation This kind of compensation typically includes medical expenses, which include prescription drugs, devices, physical therapy, and surgeries. This compensation may also cover future earnings potential. This kind of compensation is often called "general damages." It can be difficult to determine the value of these damages as insurers use different methods of calculation. Economic Damages Economic damages are the tangible and quantifiable cost of an accident. These include out-of-pocket expenses such as lost wages as well as property damage costs and future financial losses resulting from the disability or injury. Juries and courts usually calculate these costs using documentation like pharmacy receipts, hospital bills and estimates for vehicle repairs. https://vimeo.com/709556171 are the immediate costs of a crash and are easy to prove. They cover medical expenses such as the first hospitalization, as well as any subsequent treatment and care. These costs can also include the cost to repair a damaged car or other items of property including household and clothing goods. The cost of hiring a person to do chores around the house or transport children to and from school, or other activities may be included in these expenses as well. The loss of wages is a different important aspect of economic damages. This includes not just your missed wages from the time you were required to stay home from work due to injuries, but they can include lost productivity while recovering as well as any vacation or sick days. In some cases there is a possibility of recovering compensation for the loss of future earning capacity. This is the case if you are unable to return to your previous job or earn the same amount. These costs are easily identifiable and quantifiable. However, other damages that you can claim are less so. These non-economic damages are sometimes more difficult to quantify and could include things like pain and suffering, disfigurement or loss of enjoyment of life. How can you prove these Damages? While a few of the expenses within these categories are simple and can be proved with receipts and documents, other expenses may require expert testimony. For example, in cases when an accident results in an extensive spinal cord injury that renders a person partially paralyzed or disabled, it could be necessary to speak with an occupational specialist to determine the full impact of the injury. This will assist the jury or court to determine what your full range of personal and financial consequences will be. The most complicated economic losses are those that involve future medical expenses as well as lost earnings. It may be possible to document these expenses by utilizing a medical professional's estimate of when you will reach maximum medical improvement, or when your recovery will likely come to an end. However, you will need to prove the future financial loss by providing pay statements, expense receipts, as well as other proof of your current and past income. Insurance companies try to avoid paying the full amount of damages that they must legally pay. A personal injury lawyer who is experienced can ensure you receive all the compensatory damages you are entitled to. Contact Dennis and King today to schedule an initial consultation for free. We can help you recover all of your financial and other damages resulting from an New York auto accident or personal injury.