Types of Accident Compensation This type of compensation usually covers medical expenses, including prescription drugs, devices, physical therapy, and surgery. The compensation could also be used to cover future earnings. This kind of compensation could be described as "general damages." It can be challenging to determine the amount of these damages as insurers use different methods of calculation. Economic Damages Economic damages are the tangible, quantifiable costs that result from an accident. They include out-of-pocket expenses as well as the loss resulting from a missed work damages to property and future financial losses that are expected due to disability or injury. Courts and juries typically calculate these costs using documentation like hospital bills, pharmacy receipts and estimates for repairs to vehicles. These costs are relatively easy to prove and are among the most immediate expenses incurred by a crash. They typically include medical expenses including the initial hospital stay, and any follow-up treatment and care. They can also include the cost to repair damaged vehicles and other items of property, like clothes and household goods. These costs can also include the cost of hiring a person to help with housework or driving your children to school or any other extracurricular events. Loss of earnings is another important aspect of economic damages. This includes not just your missed earnings from the time you were forced to stay home from work due to your injuries, but be a factor in lost productivity while recovering and any sick days or vacation leave. In certain cases it is possible to recover compensation in the event of a loss of future earnings capacity. This is the case in the event that you are not able to return to your former career or earn the same amount. While these costs are relatively easy to quantify, some of the other damages that you can claim are not as clear. These damages that are not economic can be more difficult to quantify and include things like discomfort and pain or disfigurement, as well as loss of enjoyment in life. How do you prove the damage? While some of the expenses within these categories are easy to prove with paperwork and receipts Certain expenses may require expert testimony. In the event that an accident causes severe spinal injury that leaves the victim partially paralyzed, it might be required to consult with an occupational expert to determine how the injury will affect the victim. https://vimeo.com/709518177 can assist the court or jury to make a precise assessment of your personal and financial impact. The most complex economic damages are those related to future medical expenses and loss of earnings. You may be able record these expenses using a medical professional’s estimation of your best medical improvement or when your recovery is likely to end. You must prove that you'll suffer future financial loss. This can be accomplished by submitting your pay stubs or expense receipts. Insurance companies attempt to avoid paying as much in damages as they are required to. A seasoned personal injury lawyer will ensure that you get all compensation damages to which you are entitled. Contact Dennis and King today to schedule a free consultation. We can help you recover all of your financial and other damages after a New York auto accident or personal injury accident.