Economic vs. Non-Economic Damages | What to Know About Their Differences.

Suffering injuries due to an accident that was of no fault of your own is difficult enough, but the physical, emotional, and financial burdens that are tacked onto this may make your situation all the more overwhelming. Nonetheless, this is something that you should not have to endure alone. This is where a proficient Howard County personal injury attorney at Lloyd J. Eisenberg & Associates will step in to help recover your damages, whether they be economic or non-economic. Read on to learn the difference between the two. 

What are common examples of economic damages?

Economic damages are the tangible losses that you endured or will endure due to your accident. One example is medical expenses, which can last an indefinite amount of time depending on the amount of follow-up treatment you require to heal. Another is lost wages, which make these medical expenses even more stressful. In extreme circumstances, your injuries may require you to miss out on your paychecks for months or years, or even may require you to change professions altogether. 

In auto accidents, property damage is a popular economic damage to claim. This is to compensate for the damage to your automobile from the crash. If this is applicable to you, contact one of the talented Howard County auto accident attorneys today. 

What are common examples of non-economic damages?

Non-economic damages are the types of losses that do not come with tangible documentation. Common examples include pain and suffering, loss of consortium, emotional distress, and disability, among others.

The key difference between the two is that economic damages help you get back to your original financial situation while non-economic damages help support the various types of suffering you may have experienced from your accident.

If you believe that you require financial compensation after your accident, whether you need to claim economic or non-economic damages, or both, do not hesitate in reaching out to our firm today.

How do I recover these damages in my personal injury claim?

Collecting proof of your economic damages is relatively easy. The following are examples of evidence you can use to support your claim:

  • Medical bills. 
  • Past pay stubs. 
  • Automobile repair bills.
  • Any and all other expense receipts.

Contrastingly, proof of non-economic damages may be a bit more challenging, as they do not come with the same kind of documentation. However, you can still present the following in court: 

  • A personal recount of the accident and the psychological aftermath you experienced.
  • A doctor’s note pertaining to your pain and suffering. 
  • A therapist’s note pertaining to your emotional distress.

Contact Our Howard County, Maryland Firm

If you or a family member has sustained serious injuries in an accident caused by another person’s negligence, contact Lloyd J. Eisenberg & Associates today. 

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