What Are Economic Damages in a New York Injury Lawsuit?

Plaintiffs in New York injury lawsuits can recover compensation for the economic damages they incurred. In order to recover these damages, you must prove that they were suffered because of an accident caused by the defendant’s negligent conduct.

In a New York injury lawsuit, economic damages refer to verifiable financial losses suffered by the plaintiff. There are several categories of economic damages that can be recovered. For instance, plaintiffs can pursue payment for medical expenses, lost wages, out-of-pocket expenses, and property damage incurred because of their injuries.

If you were injured because another person’s negligent conduct in New York, get help recovering the financial compensation you deserve. Get in touch with our experienced Westchester personal injury lawyers today by calling The Martello Law Firm at (914) 685-6950. Our attorneys can review your case for free.

Types of Economic Damages Available in New York Injury Lawsuits

There are multiple categories of economic damages that plaintiffs can pursue in New York injury lawsuits. The compensation recovered in your case will depend on the extent of harm caused by your injury. During a free review of your case, our Yonkers personal injury lawyers can determine which of the following damages may be sought:

Medical Expenses

Medical expenses are a type of economic damages that can be recovered by plaintiffs in New York injury lawsuits. These expenses will cover the cost of all past, current, and future medical bills related to your injuries.

Proper documentation is required to support a claim for medical expenses. Therefore, you should seek medical care as quickly as possible after an accident. Waiting to let injuries heal on their own could inhibit your ability to recover financial compensation. Furthermore, defendants and their insurers may argue that a delay in medical treatment means that you were not truly injured. After an accident, our team can help find the right doctors to treat your injuries.

Lost Income

Lost income is another form of medical expenses available to plaintiffs in New York injury lawsuits. Many personal injury victims are unable to work while their injuries heal. Fortunately, plaintiffs can pursue payment for any lost income suffered because of their injuries. Compensation for lost income is typically calculated using a worker’s average weekly wage.

Unfortunately, some personal injury victims will be permanently inhibited from performing the same tasks that they could before their accidents. In such cases, plaintiffs can recover compensation for their lost future earning capacity. However, claims for a lost earning capacity in the future can be complicated. Typically, complex evidence is needed to support such a claim. The guidance and support of our New York personal injury lawyers can be very helpful when seeking compensation for lost future earning capacity in your case.

Out-of-Pocket Expenses

Out-of-pocket expenses are also a type of economic damages that can be sought by plaintiffs in New York injury lawsuits. There are several different types of damages that may constitute out-of-pocket expenses. For instance, injured parents may have to pay for expensive child care assistance while they are hurt. Furthermore, plaintiffs may incur expensive transportation costs when travelling to and from their court proceedings and medical appointments. In these cases, victims can recover monetary damages for any out-of-pocket expenses they incurred.

Damages for out-of-pocket expenses are usually proven using financial documents such as receipts. Therefore, you should keep the receipts for any out-of-pocket expenses you incur because of your personal injury.

Property Damage

Lastly, property damage is a form of economic damages that may be awarded in New York injury lawsuits. There are many types of accidents that can cause victims to incur property damage. For example, a plaintiff may suffer extensive damage to their vehicle because of a collision caused by a careless driver. Further, a construction worker may incur damage to their personal tools because of a slip and fall accident on their work site. In any case, our White Plains personal injury lawyers can help plaintiffs recover payment for the cost of repair or replacement of their damaged property.

Time Limit to Seek Economic Damages in New York

The time limit to file a personal injury lawsuit in New York is set forth by C.V.P. Law § 214. Accordingly, you will usually have three years from the date of an accident to seek economic damages related to the injury you suffered. Failure to comply with this deadline could cause you to forfeit your case and lose your chance to recover economic damages. Therefore, if you were hurt because of someone else’s negligence, you should contact our New York personal injury lawyers right away. Our attorneys can help file your case on time.

Additionally, crucial evidence needed to support your claim may become difficult to collect and preserve as time goes on. For example, physical evidence may deteriorate, and important details may be forgotten. The sooner you get in touch with our experienced attorneys, the more easily we can gather the information needed to support your claim.

Types of Evidence Used to Recover Economic Damages in a New York Injury Lawsuit

In order to recover economic damages in an injury lawsuit, you must present evidence that proves that the expenses were suffered because of the accident at issue. Furthermore, you must show that the accident was caused by the defendant’s negligent behavior. The following are common types of evidence used by our New Rochelle personal injury lawyers:

  • Eyewitness statements
  • Physical evidence from the scene
  • Photos from the scene
  • Expert witness testimony
  • Surveillance footage
  • Accident reports
  • Personal recollections

Parties in control of the aforementioned evidence may be reluctant to cooperate with plaintiffs. Fortunately, our attorneys can help recover any pertinent evidence that may be used in your case.

If You Were Hurt Because of Someone Else’s Negligence in New York, Our Lawyers Can Help

If you suffered economic damages because of a personal injury, seek guidance and support from our experienced Mount Vernon personal injury lawyers by calling The Martello Law Firm at (914) 685-6950 to review your case for free.

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