Types of Accident Compensation

This kind of compensation typically covers medical costs, including prescription medications or devices, physical therapy, and surgery. The compensation could also be used to pay for future earnings.

This type of compensation can be described as “general damages.” It can be challenging to determine the value of these damages since insurers use different methods for calculation.

Economic Damages

Economic damages are the tangible, quantifiable costs that result from an accident. These include out-of-pocket expenses, lost wages as well as property damage costs and future financial losses resulting from the injury or disability. Courts and juries usually calculate these costs by using documents like pharmacy receipts, hospital bills and estimates for repairs to vehicles.


These costs are relatively easy to prove and are the most immediate expenses that are incurred in a crash. They cover medical expenses such as the first hospitalization and any subsequent treatment and care. They could also include the cost of repairing or replacing a damaged vehicle or other property items, including household and clothing products. They could also include the cost of hiring someone else to take care of household chores or driving your children to school or any other extracurricular events.

Loss of wages is another important category of economic damages. These include not only your lost wages due to the fact that you were unable to work from work due to your injuries, but also include the loss of productivity during recovery and any use of vacation or sick days. In some instances, you can even recover compensation for the loss of your earning potential in the future in the event that your injury prevents you from returning to your former job or prevents you from earning the same amount in the future.

These costs are easily identifiable and quantifiable. However other damages you can claim are less so. These damages that are not economic can be more difficult to quantify and can include things like pain and suffering, disfigurement and loss of enjoyment of life.

How can you prove these Damages?

While a few of the expenses within these categories are straightforward and can be substantiated by receipts and paperwork Other expenses might require expert testimony. For instance, in the event that an accident causes serious spinal cord injuries that leaves the victim partially paralyzed, then it could be necessary to consult an occupational specialist to assess the full impact of the injury. This can aid the jury or the court determine the exact extent of your financial and personal impact.

The most complicated kinds of economic damages are those that involve future medical expenses and lost earnings. It is possible to document these costs by using a medical professional’s estimate of your best medical improvement or when your recovery is expected to end. waukesha accident attorney ‘ll need to prove that you’ll suffer a future financial loss. This can be accomplished by submitting your pay stubs or expense receipts.

Insurance companies will attempt to avoid paying the total amount of damages they are legally obliged to pay. A personal injury lawyer who is experienced will ensure you receive all of the compensatory damages you are entitled to. Dennis and King will be able to schedule a free consultation. We can help you recover all of your economic and other damages resulting from an New York auto accident or personal injury accident.