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How to Distinguish Between Economic and Non-Economic Damages

In the aftermath of an accident, you can be left with the burden of different damages. Whether you are suffering through physical, mental, or financial damages, it is pertinent that you receive the compensation that you rightfully deserve via a personal injury claim. Read on to understand the difference between economic and non-economic damages and how a seasoned Broward County personal injury attorney at The Finizio Law Group can assist you in collecting the proper evidence to claim them.

What are economic damages in a personal injury claim?

Economic damages are the tangible losses that you endured or will endure due to your accident. A common example is medical expenses. You may be questioning your ability to pay these bills, as they will not step at your initial hospital visit but will continue on to any additional follow-up treatment that you may need to heal your injuries.

Another example is lost wages. It may be difficult to maintain your standard of living if you are unable to return to work due to your injuries. This time away from work can last days, weeks, or even months. And in extreme circumstances, you may have to leave your profession for years, or even, permanently.

Specific to auto accidents, property damage is commonly claimed if the automobile was seriously damaged in the crash. If this is applicable to you, it is in your best interest to turn to a knowledgeable Broward County auto accident lawyer.

What are non-economic damages?

Non-economic damages are losses that do not come with tangible documentation. Common kinds of non-economic damages include the following:

  • Pain and suffering.
  • Loss of consortium.
  • Emotional distress.
  • Disability.

The takeaway is that economic damages are usually to get you to your original financial condition while non-economic damages are usually to compensate you for any type of suffering you experienced.

If you believe that you require compensation after your accident, regardless of the type of damage, do not hesitate in reaching out to our firm today.

What evidence do I need to prove these damages?

When filing a personal injury claim, you will need evidence to prove the specific damages you are seeking to recover. Specific examples of evidence for each type of damage are as follows:

  • Economic damages: medical bills, past pay stubs, expense receipts, etc.
  • Non-economic damages: doctor’s or therapist’s note describing your pain and suffering, a personal recount of the psychological aftermath of the accident to the jury, etc.

Contact Our Experienced Broward County Firm

If you require legal representation for matters of personal injury, family law, criminal defense, commercial litigation, or aviation litigation, contact The Finizio Law Group today. Schedule your initial consultation with our team to learn more about our services and how we can assist you.

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