ECONOMIC VS. NON-ECONOMIC DAMAGES
The types of damages you may be eligible to collect after being injured in a Queen Creek are divided into two categories: economic and non-economic. Those damages that can be calculated based on the plaintiff’s actual costs are economic damages. Non-economic damages are harder to quantify, like emotional distress and loss of companionship.
It is better to assess economic damages first, as they can be a factor in calculating non-economic damages. They include property damage, lost income, lost earning potential, medical bills, and future medical expenses. This can involve complicated factors like interest and inflation. After summing them up, you can use that total to calculate pain and suffering, the major type of non-economic damage. Pain and suffering usually comes out to somewhere between one and five times your economic damages. It will depend on factors like the severity of your injuries, the defendant’s conduct, and more. Contact a personal injury to learn more about the value of economic and non-economic damages for your claim.