Economic And Non-Economic Damages
Economic and non-economic damages are two types of financial restitution that a car accident victim may be eligible for. The former pays for real expenses like medical bills and lost work wages, while the latter attempts to remedy physical and emotional suffering endured by the victims due to negligence. Will pain and suffering be included in your claim? Here’s what to know.
What to Know About Economic Damages from Car Accidents
The fundamental costs of a car accident claim include the monetary damages incurred by the victim(s), such as medical expenses, vehicle repair costs, and any wages lost from being unable to attend work. These damages are typically billed to you by the service providers, and you would then turn those into your attorney to include in your settlement request. This makes it easy to calculate your economic damages, which is simply the sum of all bills you’ve received related to the accident.
How Non-Economic Damages Like Pain and Suffering Are Different
If you were harmed in a car accident caused by someone else’s negligence, some sort of financial restitution should be provided to you for the physical and emotional suffering you went through. How much you are awarded is generally proportional to the severity of the suffering and pain you endured. If your injuries were extremely severe, prevented you from working, and caused you intense strife, your non-economic damages should be increased proportionately.
How Do Non-Economic Damages Get Determined?
Non-economic damages like pain and suffering can be difficult to calculate. Often, attorneys will use a formula that multiplies the total economic damages by 2, 3, 4, or more depending on how severe the injuries were and expected recovery. Other ways to calculate pain and suffering include assigning a dollar amount to how many days you had to live with pain. Ask your lawyer for help gathering evidence that depicts the reality of your suffering, such as injury photographs, medical records, and expert witness statements.
Why Contact an Attorney After a Car Accident
One of the most important things you can do following a car accident after getting emergency medical help is reaching out to an experienced car accident lawyer for legal assistance. Your attorney can help you obtain financial compensation for the physical, financial, and emotional suffering you incurred as a result of a negligent driver’s actions. Call Zink & Lenzi today for a consultation to discuss the details of your case at 530-895-1234.