Types of Accident Compensation Typically, this kind of compensation covers medical bills including prescription drugs and devices such as physical therapy, surgery and so on This type of compensation can also cover future earnings potential This type of compensation is usually referred to as "general damages" It isn't always easy to determine the value of these damages due to the fact that insurers use different methods of calculation Economic Damages Economic damages are the tangible, measurable costs that result from an accident These include out-of pocket expenses like lost wages and property damage costs and future financial losses resulting from the disability or injury The courts and juries usually determine these costs based on documentation such as pharmacy receipts, hospital bills and estimates for vehicle repairs These are the direct costs of a crash, and are simple to prove They cover medical expenses such as the first hospital stay, and any subsequent care and treatment They may also include the cost of repairing or replacing a damaged vehicle or other property items, such as clothing and household products The cost of hiring someone to perform chores around the home or drive children to and from school or extracurricular activities could be included in these expenses as well Loss of wages is another important aspect of economic damages This is not just the wages you have missed because of your injuries but also any loss of productivity during your recovery, as well as any vacation or sick days In https//vimeocom/709648725 is possible to recover compensation in the event of a loss of future earning capacity This is the situation if you are unable to resume your previous work or earn the same amount These costs are fairly clear and measurable However, other damages that you are able to claim could be more difficult to prove These non-economic damages can be more difficult to quantify, and could include things like pain and suffering, disfigurement and loss of enjoyment of life How do you demonstrate these damages While some of the costs in these categories are easy to prove with paperwork and receipts Other expenses might require expert testimony If an accident causes severe spinal injury that causes the victim to be partially paralyzed, it could be required to consult with an occupational expert to determine the impact of the injury on the victim This will assist the jury or court to make a precise determination of the full scope of personal and financial impacts will be The most complex economic damages are those relating to future medical expenses and loss of earnings You may be able to prove these expenses by using a medical professional’s estimate of your maximum medical improvement or when your recovery is likely to be over You must prove that you'll suffer future financial loss This can be done by submitting your pay stubs or expense receipts Insurance companies will try to avoid paying the total amount of damages they must legally pay A personal injury lawyer with experience will ensure that you receive all the compensation damages you are entitled to Contact Dennis and King today to schedule a free consultation We can assist you in recovering all of your financial and other damages after an New York auto accident or personal injury incident