When you pursue compensation for a personal injury you’ve suffered at the fault of another person, you are seeking recompense for many facets of your injury. These damages can be separated into two main categories of compensation: economic and non-economic damages. Keep reading to learn the distinction between these two types and how they affect your ability to recover under personal injury law.
Economic damages refer to objectively ascertainable losses. These include property damage, past and future medical expenses, the loss of income (both present and future), and other considerations, such as the loss of the ability to use your property or the loss of a business opportunity.
Non-economic damages refer to more subjective facets of an injury. Some examples of these would be the pain and suffering experienced as a result of the injury, emotional distress, damage to reputation, a reduction in the quality and enjoyment of life, or loss of consortium in the event that a spouse is killed as a result of the accident.
Economic damages are much easier to assign a value to in a personal injury case due to their objective values. Non-economic damages, on the other hand, require more extensive investigating and greater effort in arriving at a fair value. Both of these types of damages are recoverable in a personal injury case, and in fact, the non-economic damages often represent a greater amount in a settlement or judgment than economic damages.
After you’ve been injured in an accident, your first priority should be focused on making as whole and complete of a recovery as possible. Hiring an experienced personal injury attorney to ensure you can recover the compensation you need and deserve is also a very important consideration. If you would like to discuss your case with an attorney with extensive experience in the field of personal injury law, call The Rich Firm at 1-888- RICH-LAW (742-4529). We advocate on our client’s behalf aggressively and diligently. Learn more on our website today!