Types of Personal Injury Compensation
If you've been injured as a result of the negligence of another person or their wrongdoing, you may be entitled to compensation. Learn about the types of damages you could be awarded by speaking to a personal injury attorney near you.
There are two major types of damages that can be awarded in personal injury lawsuits: economic and non-economic damages. This article will go over these categories and explain how they might affect the amount of compensation you're entitled to receive.
Economic Damages
If someone is injured in an accident, they may be entitled to compensation for their losses. These damages could include medical expenses, lost earnings and property damage.
In most cases, these types damage can be very costly especially in the case of serious injuries. They will require intensive medical treatment. In addition to being hospitalized, victims could be required to pay for prescription drugs and mobility equipment while they recover.
These costs can quickly accumulate This is why it is essential to keep receipts. The receipts you keep can help you establish the true value of your losses and boost the value of your compensation.
In personal injury cases earnings and future earnings are the most common kinds of economic loss. This is because a victim might be not working for weeks, months or even years after an accident. In this case the compensation awarded should reflect the amount the victim could have made if they weren't disabled from working.
If a person is disabled or the death of a family member occurs as the result of an accident, the victim may be eligible to receive damages for life care services. This could include nursing, home health care, and physical therapy services as well as other services.
Many people require help with the same duties they did prior to their accident. This could include household chores, driving a vehicle, taking care of the outdoors, and providing childcare for an individual in the family who is dependent.
In these instances an attorney might be capable of providing receipts, bills and other evidence of the cost of these items. They may also hire experts to testify on the worth of these damages.
The amount of damages awarded can be determined differently based on the specific needs of the victim and the circumstances surrounding the accident. personal injury law firm colorado springs will typically consider numerous factors when determining damages.
Examples of these damages might include:
Pain and suffering
This award is usually given to those injured in serious accidents who are suffering physical or emotional injuries as a result of the accident. These awards can range from relatively minor (a small amount of money for pain and suffering) to huge amounts of money (millions of dollars in a wrongful-death case).
Emotional distress
This type of damages compensates victims of emotional stress that is caused by an injury. It covers things like depression, anxiety, and loss of enjoyment in life.
Disfigurement
This is a gift to an injured person who is permanently damaged because of the accident. This can be costly since many people require surgery or other procedures to correct or eliminate disfigurements.
Loss of companionship and consortium
This damages award is designed to compensate for the loss of a loved one due to the accident. This is particularly important for those who have dependents or children.
Non-economic damages are a distinct part of the legal system that is distinct from economic damage and is far less frequent. While they are subject to the burden of proof higher and are more difficult to prove, non-economic damages are generally more difficult to assess and are not subject to the same limitations as economic damages.