Economic and Non-Economic Losses in a Personal Injury Auto Crash Case

A Thorough Investigation and Diligent Research are Essential for Maximum Compensation

When people are involved in a car, truck, or motorcycle crash their immediate concerns should be treating injuries and dealing with damages. Those priorities are important but in the days and weeks that follow any injury it is important to look into additional losses – economic and non-economic – that may have been sustained and that deserve compensation.

Initially victims of car crashes and other incidents involving injuries worry about covering their medical bills and their lost or damaged property. These are certainly substantial concerns, but it’s also important to look at all economic and non-economic losses and to address these issues immediately so there are no stones left unturned. This should be done as soon as possible because in all legal actions, time is important.

In a legal context, “time is of the essence” is a statement that may be included in the language of the provisions of a contract to emphasize that the parties must complete their obligations on time. In other words, the phrase “time is of the essence” means that timing is material to the performance of the contract. Cornell Law School

Examples of economic losses include:

  • Medical Expenses
  • Property Damages
  • Lost Wages
  • Rehabilitation Expenses

While economic losses refer to quantifiable financial expenses, non-economic damages refer to subjective, non-monetary losses. You may have frequently heard the term “pain and suffering,” and that’s what people are referring to. This includes compensation for:

  • Emotional distress
  • Physical pain and suffering
  • Loss of enjoyment of life
  • Diminished quality of life
  • Mental anguish
  • Loss of consortium (loss of spousal emotional or physical support)
  • Permanent disabilities and impairments
  • Permanent disfigurement

When you choose an attorney to handle your damage/injury it’s very important to select someone who is thorough and not just rush to a settlement for economic losses only.

Experience has taught us to probe deeply into every case a look for potential long-term effects, some which may last a lifetime. We fight hard for our clients to make sure they get the maximum compensation they deserve.

A consultation is free and easy to arrange. Please call us at (954) 356-0006 seven days a week.