Difference Between Economic and Non-economic Damages In Car Accident Claims


Difference Between Economic and Non-economic Damages In Car Accident Claims
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Car accident claims are legal processes initiated by car crash survivors seeking justice for loss incurred. The aim is to recover medical expenses, lost wages, and property damage. 

An accident attorney can assist you to navigate the legal system, negotiate with insurance companies, and ensure you receive a fair settlement. If you’ve been in a car accident in Alaska, you should contact an accident attorney in Alaska as soon as possible.

What Are Economic Damages?

When a person is injured due to the negligence of another, personal injury law provides a solution. One category of damages that can be claimed in a personal injury case is economic damages.

This award compensates the injured party for the financial losses they have suffered as a result of their injury. Here are five types of recoverable economic damages:

Medical Expenses 

This includes all costs associated with medical treatment, including hospital stays, surgeries, medication, rehabilitation, and any other expenses related to the injury.

Lost Wages

When an injured person is unable to work due to their injury, they can claim lost wages for the time they were unable to work. This can include both past and future lost wages, and can also include any loss of earning capacity resulting from the injury.

Property Damage

If the injury also resulted in damage to the injured person’s property, such as their vehicle in a car accident, they can claim the cost of repairing or replacing the damaged property.

Home Modifications

If the injury has resulted in a permanent disability, the injured person may need to make modifications to their home to accommodate their new limitations. These modifications can include installing wheelchair ramps, widening doorways, and other changes to make the home accessible.

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Funeral Expenses 

In cases where the injury resulted in death, the family of the deceased can claim funeral expenses as part of the economic damages in a wrongful death suit.

Stages Of Personal Injury Lawsuits

Here are the five stages of personal injury claims:

Initial Consultation

The first stage of a personal injury claim is the initial consultation with an attorney. During this meeting, the attorney will listen to your account of the accident and assess the strength of your case. 

The lawyer will also explain the legal process and what you can expect as the case progresses. This is the time to ask questions to establish whether you can work with the attorney.

Investigation

Once you’ve hired an attorney, they will begin investigating the accident to gather evidence to support your claim. This may include:

  • Collecting police reports
  • Interviewing witnesses, and
  • Gathering medical records.

The investigation may take some time, but it’s important to gather as much evidence as possible to build a strong case.

Negotiation

After the investigation is complete, your attorney will begin negotiating with the other party’s insurance company to settle. This process may involve several rounds of negotiation 

Both parties work to reach an agreement on the compensation you are entitled to. Your attorney will work to ensure that you receive fair compensation for your losses.

Litigation

If a settlement cannot be reached through negotiation, the next stage is litigation. This involves filing a lawsuit and going to court to present your case to a judge or jury. 

Your attorney will represent you in court and argue on your behalf. Litigation can be a lengthy and complex process, but it may be necessary to ensure that you receive fair compensation.

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Settlement or Judgment

The final stage of a personal injury claim is the settlement or judgment. If a settlement is reached through negotiation or mediation, you will receive the agreed-upon compensation. 

If the case goes to trial and a judgment is reached, the judge or jury will determine the amount of compensation you are entitled to. Once a settlement or judgment has been reached, your case is considered closed.

Qualities of Successful Personal Injury Lawyers

Successful personal injury lawyers possess several qualities that enable them to effectively represent their clients. First, they have excellent communication skills, allowing them to clearly explain complex legal concepts to their clients. 

Second, they are empathetic and able to connect with their clients on a personal level. Third, they are skilled negotiators, able to work with insurance companies to secure a fair settlement for their clients. 

Fourth, they are detail-oriented and able to handle complex legal paperwork. Finally, they are committed to their client’s success and work tirelessly to achieve the best possible outcome for their clients.

A car accident attorney can help you gather the necessary evidence to support your claim and negotiate with insurance companies to ensure that you receive fair compensation for your losses. If you have been injured due to the negligence of another, don’t hesitate to reach out to a personal injury attorney to discuss your options for seeking compensation.


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Michelle Gram Smith
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