When involved in a car accident, understanding how damages are calculated is crucial for anyone seeking compensation. At Ehrlich & Napartstek Personal Injury Lawyers, we provide an in-depth analysis to help you navigate the complexities of car accident claims and ensure you receive fair compensation for your losses.
Understanding Different Types of Damages in Car Accident Cases
Economic Damages: Calculating Tangible Losses
Economic damages are the direct financial impacts of a car accident. These include:
- Medical Expenses: Immediate emergency services, ongoing treatment, prescription medications, and future medical care costs.
- Lost Wages: Compensation for the income lost due to inability to work post-accident, including future lost earnings if your ability to work is permanently affected.
- Property Damage: Costs to repair or replace your vehicle and any other personal property damaged in the accident.
- Other Out-of-Pocket Expenses: Includes transportation to medical appointments and modifications to your home if needed due to disabilities caused by the accident.
Non-Economic Damages: Valuing the Intangible
Non-economic damages cover the non-financial impacts of an accident:
- Pain and Suffering: Compensation for the physical pain and discomfort endured both immediately after the accident and in the long term.
- Emotional Distress: Acknowledges the psychological impact of the accident, including symptoms of stress, depression, and PTSD.
- Loss of Enjoyment of Life: Compensates for the inability to enjoy hobbies and activities that were a part of your life before the accident.
- Loss of Consortium: Compensation awarded to the spouse or family of the injured person for loss of companionship and support.
Punitive Damages: Punishing Negligence
Punitive damages are awarded in cases of gross negligence or intentional misconduct. They are designed to punish the defendant and deter similar negligent behavior in the future.