When you’re involved in a car accident, you may be entitled to seek compensation for various types of damages, depending on the circumstances of the accident and the extent of your injuries. These damages can be broadly categorized into two main types: economic damages and non-economic damages. The following is a brief overview of the different types of losses that can result in financial compensation for car accident injuries.
Economic damages are the measurable and tangible losses resulting from a car accident. These damages are relatively easy to calculate as they have a specific dollar value. Common examples of economic damages include:
Medical Expenses: This includes all medical costs associated with treating injuries sustained in the accident. It covers ambulance fees, hospitalization, surgeries, medication, rehabilitation, physical therapy, and ongoing medical care.
Lost Wages: If the accident caused you to miss work, you can seek compensation for the wages you lost during your recovery. This includes both past and future lost wages if your injuries impact your ability to work in the long term.
Home Modifications: In cases of severe injuries that require modifying your home for accessibility, you may pursue compensation for the costs of these modifications.
Out-of-Pocket Expenses: This includes any other verifiable expenses related to the accident, such as medical supplies, assistive devices, or household help during your recovery.
Non-economic damages are more subjective and are intended to compensate for the intangible losses that can’t be easily quantified. These damages are typically more challenging to calculate and may vary based on the jurisdiction and the specific circumstances of the case. Common examples of non-economic damages include:
Pain and Suffering: This includes compensation for physical pain, emotional distress, and mental anguish resulting from the accident and injuries.
Emotional Distress: Serious car accidents can lead to anxiety, depression, post-traumatic stress disorder (PTSD), and other emotional disturbances. Non-economic damages can account for the emotional toll the accident has taken on your life.
Loss of Enjoyment of Life: If the accident and injuries have significantly impacted your ability to enjoy hobbies, social activities, or daily life, you may be eligible for compensation for the loss of enjoyment.
Loss of Consortium: If the injuries have affected your relationship with your spouse or partner, they may be able to seek compensation for the loss of companionship, affection, and support.
In some cases, punitive damages may be awarded on top of economic and non-economic damages. These damages are not intended to compensate the victim but rather to punish the at-fault party for particularly reckless or intentional behavior. They are typically awarded when the at-fault party’s conduct is deemed grossly negligent or malicious.
If you or a loved one have been injured in a crash, it is important to seek the legal help of a seasoned car accident lawyer in order to explore all of your legal options.
Thank you to our friends at Blitz Law Group, LLP for their insight into car accident claims.