After you sustain injuries in a car accident, it’s easy to understand that you worry about the financial hardships that may arise. You may encounter mounting medical bills, physical therapy costs, and lost wages from being unable to work.
Dealing with any financial concerns can prompt you to pursue compensation after a negligence-related incident. Knowing what types of compensation you may be able to pursue in a car accident claim can help you feel peace of mind moving forward.
Economic damages are quantifiable. There’s a specific value associated with your losses. You can prove that you lost a monetary value through receipts and bills from the hospital, therapists, and with pay statements from your employer.
Typically, economic damages include the following expenses:
These are all losses that have a set monetary amount with which they are associated.
Non-economic damages consider losses that do not have direct monetary values. There’s no set number that a jury can look at to determine how much compensation to award you. Instead, they consider multiple factors, such as any pain and suffering following the crash.
Non-economic damages also consider lost enjoyment of life, mental anguish, and potentially lost benefits.