When a person is injured in a car accident, they may have the right to sue the at-fault party for two types of damages: Economic and noneconomic. If you have been injured then we strongly encourage you to contact The Law Offices of Larry H. Parker at 800-333-0000 right now for a free legal consultation. We can go over the economic and noneconomic damages you may be eligible for.
Economic losses involve those negatively affecting your wealth
As the name may suggest, an economic loss is one that involves an actual, specific amount of money. For example, when a person is in a car accident they may have numerous economic damages including damage to their vehicle, damage to the possession within their vehicle, and even their clothing. Other common economic damages include:
- Medical costs. Even if you have insurance and they paid for your injuries, medical costs are still considered economic losses.
- Lost earnings. If you were unable to work after an accident, whether for a few days or permanently, you could be eligible for lost wages. If you are able to work in the future but not at your current position and with your current wage, then you could get damages for your loss in future earning potential.
- Lost benefits. If the accident required you to take paid time off, then you can be compensated for that, even though your employer paid you.
- Rehabilitation costs. This includes both physical and occupational therapy. It can also include any equipment required.
- Home-care expenses. Even if the family of the victim provides at-home care, these costs can be counted as economic losses.
These are just some of the potential economic damages. An experienced personal injury attorney can help you figure out what you are eligible for.
Noneconomic damages are more difficult to assess
The other main type of damages are noneconomic. They do not directly impact a victim in a dollars and cents way, but they do involve real losses. For example, some noneconomic losses would include:
- Pain and suffering.
- Loss of consortium.
- Loss of enjoyment of life.
- Loss of quality of life.
It may seem impossible to quantify these damages but our expert witnesses can find the right way to not only determine what is fair and reasonable, but provide the necessary evidence and expertise to prove your case.
If you have been injured in any type of accident, including a car accident, and someone else was at fault, then you may be in a position to seek economic and noneconomic damages. The best way to find out for sure is to contact The Law Offices of Larry H. Parker at 800-333-0000 and request a free legal consultation.