Florida Accident Damages, Economic And Non-Economic

When a Florida car accident or slip and fall event results in injury, there may be the need to move forward with a personal injury claim. This is particularly true if a person was injured and there are high expenses to be settled. If you were injured in an accident, you may be wondering if your damages are economic and non-economic, these two phrases are often mentioned in the process of damage recovery.

Talk to a personal injury attorney if you are wondering about the differences between economic and non-economic damages. A skilled attorney can assess your situation and outline what damage settlement could be possible for you. Final compensation amounts will include a total damage amount. This means your economic and non-economic damages will not be awarded separately, they will be added together for a final settlement sum.

Out-of-pocket Expenses and Tangible Bills

Typically, when a legal professional is discussing economic damages, they are talking about expenses that are verifiable and tangible. Expenses that can be tracked through payment platforms, receipts, and bills. These costs could be any of the following.

• Bills for medical treatments, urgent care visits, and hospital care
• Work and income loss
• Mobility aids receipts and invoices
• Drug costs, from over-the-counter medications to prescriptions
• Out-of-pocket and deductible cost
• Documentation of a reduction of future earnings
• Expenses for any future medical treatment needs

When it comes to future costs, such as the reduction in future income of the need for future medical care, it is common for a seasoned attorney to work with an expert to calculate these costs. This expert testimony could serve as the documentation needed. For example, they could verify the loss of a promotion due to the accident injury and then calculate the impact of that income loss.

Legal Complexities are Possible for Non-Monetary Damages 

There can be a lot of loss after a collision that does not result in a clear bill from a medical facility. Because non-monetary damages can be subjective, they can lead to legal complexities. A Clearwater personal injury attorney can be particularly helpful if you are seeking recovery images for any of the following.

• Pain and suffering
• Loss of joy in life
• Emotional strain and distress
• Mental health issues
• Reputation loss

It is rare for a claim to have non-economic damages and no economic damages, typically there is a mix of the two. For example, a person injured in an accident may have hospital bills for treating their injury and loss of quality of life in connection with a PTSD diagnosis following the injurious event.

Do you have questions about if your Florida claim damages are economic or non-economic? Talk to a skilled legal professional to understand what your options are moving forward. Compensation may be possible if you are juggling medical care expenses, vehicle damages, and lost income. Talk to an experienced personal injury lawyer to understand your rights. The attorneys at Roman & Roman have over 100 years of combined experience. Schedule your free consultation today in Clearwater, Hudson, or Tampa.