If you have been involved in a car wreck, you are likely to incur medical bills, and you may need to take time off work while you are recovering from your injuries. Medical bills, lost wages, prescription costs, and out-of-pocket expenses, make up your economic damages, or damages you can put a hard number on. When you are involved in a car wreck, you are able to seek to recover not only your economic damages (medical bills, lost wages) but also your non-economic damages.
What are non-economic damages and how are they calculated? Pain and suffering are considered non-economic damages. Non-economic damages do not have a set dollar value assigned to them. They are also called intangible losses because you cannot put a price tag on the losses you have suffered.
Some examples of non-economic damages are
Loss of consortium
Future pain and suffering
Loss of a normal life
How are non-economic damages calculated?
There is no set formula for how to calculate non-economic damages. A variety of elements are looked to when trying to assign a dollar amount to these types of damages.
First and foremost, your testimony regarding how the car wreck has impacted you is crucial to proving your non-economic damages. Another element that is looked at is your medical records, and what your doctors have written down regarding the level of pain you have expressed to them during your visits. That is why it is so important to make sure to fully describe the pain you are experiencing when seeing your doctors, and not to downplay it. These records capture a moment in time regarding how you were feeling on a certain day, and defense attorneys and their insurance companies will go through each note, detail by detail, looking for anything they can to minimize your pain and suffering damages.
In addition, testimony from your loved ones, whether it be your spouse, family members, close friends, or co-workers, will also assist in proving your pain and suffering damages. These people have a unique point of view, looking from the outside in, and can testify as to what they have personally observed regarding how the car wreck has impacted you and your life. Oftentimes these people can give a unique perspective regarding your pain and suffering, which you may not be able to convey since you are living with it day in and day out.
If you have been involved in a car wreck, it is important that you reach out to our team so that we can begin the process and help guide you with gathering vital evidence to help prove both your economic and non-economic damages. Do not wait to seek help from our team, we are here to fight for your maximum recovery available under the law.