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Economic damages are easy to understand when it comes to accidents and injuries. Personal injuries will force you to pay for doctors and medical care. If you are unable to work, you will also have economic damages in the form of missed income while you take time off from work to recover. Financial damages are effectively anything that has an obvious dollar value.
However, there are also non-economic damages that an injured party may be able to recover damages for after an accident, such as pain and suffering, loss of consortium, lost sexual function, disfigurement, and emotional distress. Some of these damages might be overlooked unless you have an experienced injury lawyer on your side.
If you liked to play baseball, spend time in the garden, or run 5k marathons, you experienced value from these activities even though you didn’t receive money. Therefore, losing the ability to participate in these hobbies is considered a non-economic loss. The courts do allow injury victims to recoup money for this loss of enjoyment.
As a general rule, the courts will see non-economic damages as less important than economic ones. The amount that you are awarded for anything with a direct financial value will likely be higher than what you recover for your non-economic damages.
One of the most important non-economic damages is the loss of quality of life. If you were an avid runner, becoming wheelchair bound will lead to major life changes. If you had an active job before and you lose the function of one of your hands, you may need to switch careers late in life.
The loss of your prior quality of life is a big issue if you are no longer able to live the life that you enjoyed prior to the accident. Quality of life is one of the most important types of non-economic damages that you could receive compensation for.
Essentially, non-economic damages are losses that that don’t actually cost you money. Because of this, it can be difficult to not only prove these types of losses, but you might also not even be aware of them yourself. An experienced accident lawyer can examine the details and help you figure out the true cost of the accident.
It isn’t easy to determine your own non-economic damages and their worth. Your attorney will be able to provide you with more information on how to calculate damages and get the compensation you deserve. Without a qualified legal team, you could overlook damages and miss out on compensation that could help you move forward.
If you have been injured in an accident and have questions regarding non-economic damages, make sure you have an experienced legal team on your side to help you get compensated. Call the attorneys at Craig Swapp & Associates toll-free at 1-800-404-9000 or fill out the form below for a free consultation.