When you are involved in a personal injury accident, your overall well-being is negatively impacted. When a lot of people think about auto accidents, they assume property damage and physical injuries. However, when it comes to car accidents, there are quite a number of damages that can be involved. For instance, when you are involved in an accident, one thing that tends to suffer is your finances. Because of this, it can be beneficial to understand what types of damages you can be entitled to pursue and receive to assist in your recovery. Keep reading to learn about these.
In lawsuits, damages are essentially the money that you can receive to later pay for the accident-related expenses. Generally, you may be entitled to both economic and non-economic damages. Economic damages are those that are associated with your finances that you have already lost or may lose in the future as a result of the auto accident. Non-economic damages are those that are associated with emotional and physical pain.
In some instances, there is one more type of monetary award that can be received after an auto accident. This is known as punitive damages. Keep in mind that they are hardly ever awarded due to the fact that they are used as a punishment for the individual found at fault. There will need to be very extreme circumstances involved in your case for punitive damages to be awarded.
As previously stated, economic damages are those that are directly related to the accident expenses. For instance, these damages will include doctor bills, physical therapy, lost wages, and loss of future earnings. Due to the fact that auto accident injuries often cause a victim to be unable to return to work immediately, medical bills can begin to pile up rather quickly. Because of this, some people often have to file bankruptcy because of medical bills.
The non-economic damages that you can pursue will be those that arise following the collision, such as those that impact your quality of life. In other words, these damages will usually not be physical. Some of the more common examples of non-economic damages are anxiety, depression, permanent disfigurement (such as if you suffered burns), and permanent disability. These damages will take into consideration how your will has changed and will change moving forward.
For more information, work with a personal injury attorney.