When you get into a car accident, you suffer from various kinds of losses other than just medical bills. While hospital bills cost a lot and amount to a significant portion of your damages, it is important to understand the entire scope of economic and non-economic damages. With the help of an attorney, you can create an estimate to determine the amount you deserve.
Economic damages are those that have a certain dollar value, such as your hospitalization bills, car repair costs, etc. On the other hand, non-economic damages are those which do not have a dollar value, such as emotional distress, mental anguish, etc. Thus, it takes an expert to calculate them. Talk to a Las Vegas personal injury lawyer today.
Economic damages in a car accident
Economic damages are tangible losses that an individual experiences in a car or road accident. These damages are more easily calculated since they are more concrete and have a specific dollar value. They are more readily documented and can be used as evidence.
Among all the economic damages, medical bills are the most common ones and are found in almost all car accident cases. Medical bills are also usually the largest damages a victim experiences in an accident. The cost of hospitalization, surgeries, treatments, medications, doctor’s appointments, in-home care, etc., can easily amount to hundreds of thousands of dollars.
Another important economic damage is lost wages, which include the income the victim should have earned had they not been in the accident. If you were injured in an accident and have not been able to return to work, you can get back your lost wages in compensation.
Non-economic damages in a car accident
Non-economic damages include losses that are not easily calculated since they cannot be documented and usually do not have a dollar value. These include the following, depending on the circumstances of the case:
- Pain and suffering
- Emotional distress
- Loss of enjoyment of work
- Loss of consortium
- Disfigurement or scarring
- Loss of reputation
- Inconvenience
- Loss of quality of life
- Loss of future earning capacity
As you can see, most of these damages are about the emotional, mental, and physical pain of the victim. It can be challenging to put a price on someone’s pain because there is no machine to measure and quantity it. These damages require an in-depth evaluation by several experts.
An attorney can collect evidence that depicts the impact of your injuries on your physical, mental, and emotional health. Hire one today.
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