Are Recoverable Damages Part of My Claim?
When a personal injury claim or case moves forward, it often begins with establishing who was negligent. Then, recoverable damages are assessed, including both economic and non-economic damages. While a financial award does not take away injuries, it can help families heal. Monetary compensation means medical bills can be settled, high-quality care can be accessed, and individuals can plan for the future ahead.
Typically, recoverable damages are designated into two categories. Damages that are connected to financial concerns are economic damages. Non-economic damages are not always as clear-cut. A Sarasota car accident lawyer can look over the details of your accident and determine how strong your claim is and what level of compensation is likely. In order to secure the maximum amount, work with a seasoned lawyer who understands the ins and outs of personal injury law.
Out-of-Pocket Fees and Medical Bills
When people think of healthcare, they often believe their health insurance or car insurance will take care of all the bills. In reality, many face a slew of out-of-pocket expenses when they need medical care. Some of these expenses include deductibles, copays, and any care that is not covered by the health plan you and your family use. These out-of-pocket expenses will be totaled into your economic damages.
In addition, hospital bills and property damage will be part of economic damages. After hospital care, you will receive a bill that clearly illustrates how much your insurance paid and how much you are responsible for, which presents clear evidence of the need for compensation. Similarly, if you were in a car accident that resulted in your car needing to go to an auto body shop, the mechanic will provide a bullet point estimate of the repairs needed.
Of course, not all economic damages are clear. If there is the need for future medical treatments or ongoing care, those numbers could be calculated by an expert who has experience forecasting medical expenses.
General or Non-Economic Damages
Some damages do not come with receipts or invoices. These are referred to as non-economic damages and could include any of the following:
- Loss of life joy or reputation
- Disability or disfigurement
- Pain and suffering
- Trauma or emotional distress
There are different ways to land on a financial figure for non-economic damages, depending on the situation. In some cases, the multiplier method is used. In these instances, the economic damage is totaled first. Then, the economic damage amount is multiplied by a factor ranging from 1.5 to 5 or more. The factor used is often connected to the severity of the accident and the resulting injuries. A Sarasota car accident lawyer can advise you on the best path for you and your family.
Are you in need of economic and non-economic damage recovery due to a Florida crash? Talk to the experienced Sarasota attorneys at Hale Law. Some crashes lead to complex insurance negotiations. Our experienced attorneys will work to secure the maximum compensation amount. Because our lawyers work on a contingency fee basis, there are no fees or costs if we are unable to recover compensation. For a free consultation, call anytime at 941-735-4529.