Types of Accident Compensation

Typically, this form of compensation covers medical bills including prescription drugs and devices, physical therapy and surgery. It may also cover the loss of future earnings potential.

This type of payment can be referred to as "general damages." It isn't always easy to determine the value of these damages as insurers employ different methods of calculation.

Economic Damages

Economic damages are the tangible, quantifiable costs that result from an accident. These include out-of-pocket expenses including lost wages, property damage costs, and financial losses that will come from the disability or injury. Juries and courts usually calculate these costs based on documentation such as pharmacy receipts, hospital bills and vehicle repair estimates.

They are fairly easy to prove and are the most immediate costs associated with an Papillion Accident Lawyer. They include medical costs, such as the first hospitalization, as well as any subsequent treatment and care. These costs can also include the cost of repairing a damaged car or other property items, such as clothes and household items. These expenses could also include the cost of hiring a third party to help with housework or driving your children to school or any other extracurricular events.

Loss of wages is another common and significant category of economic damages. This is not just the wages you have missed because of your injuries but also any productivity loss during your recovery as well as vacation or sick days. In certain cases you could even receive compensation for the loss of your earning potential in the future if your injury prevents you from returning to your former job or hinders you from earning the same amount in the future.

Although these costs are evident and easily quantifiable, many of the other damages you can claim are less so. These non-economic damages can be more difficult to quantify and include things like pain and discomfort or disfigurement, as well as the loss of enjoyment.

How Can You Prove These Damages?

While some of the costs in these categories are fairly straightforward and can be proven by receipts and paperwork, other expenses may require expert testimony. When an nacogdoches accident lawyer causes severe spinal injury that leaves the victim partially paralyzed, it might be necessary to consult an occupational specialist to determine the impact of the injury on the victim. This can aid the jury or the court to determine what your full range of personal and financial implications will be.

The most complex types of economic damages are those that concern future medical expenses and lost earnings. It is possible to document these expenses by utilizing a medical professional's estimate of when you will achieve the point of maximum medical improvement or when your recovery is likely to be over. You will need to prove that you are likely to suffer a future financial loss. This can be accomplished by making a submission of your pay stubs and expense receipts.

Insurance companies try to avoid paying the total amount of damages they have to pay legally. A skilled personal injur