If you endured serious injuries from an accident caused by the negligence of the other party, you may require financial awards to compensate for your losses. Via a personal injury claim, such losses that you can recover may be economic damages, non-economic damages, or both. Continue reading to learn the difference between the two types of damages and how an experienced Parsippany, New Jersey personal injury lawyer at The Macri Law Firm can effectively represent your financial needs in court.
What is the difference between economic and non-economic damages in a personal injury claim?
Economic damages refer to the tangible losses that you sustained or will sustain due to your accident. The following are a few common examples:
- Medical expenses: this includes the costs for your immediate medical attention at the scene of the accident and any subsequent follow-up treatment needed for your injuries.
- Lost wages: you may miss out on paychecks if you need to be absent from work for a few days or weeks due to your injuries. It is also possible that you may be unable to return to your profession for several months, years, or maybe, never again.
- Property damage: this is common if your automobile was seriously damaged in an auto accident. If this is your case, contact a skilled Morris County, New Jersey auto accident lawyer.
On the flip side, non-economic damages refer to losses that do not come with tangible documentation. Common examples for this kind of damage include the following:
- Pain and suffering.
- Loss of consortium.
- Emotional distress
- Disability.
With that being said, the key distinguisher between the two is that economic damages are usually to restore your original financial condition while non-economic damages are usually to compensate for any kind of suffering related to the accident.
If you believe that you have a case for recovering either type of damage, or both, contact our firm today.
What evidence do I need for economic and non-economic damages?
When filing your personal injury claim, you will be required to outline the specific damages you are seeking to recover. Collecting proof of your economic damages is relatively straightforward. Usually, any bill you receive related to the accident will suffice in supporting in your claim. However, proof of non-economic damages may be a bit more challenging, since these types of losses may not come with tangible documentation. It may help to justify your claim if you present to the jury a personal perspective of the accident and the psychological after-effects it left with you.
CONTACT OUR MORRIS COUNTY FIRM
If you require the services of an experienced team of attorneys for legal matters related to estate planning, personal injury, or medical malpractice, contact The Macri Law Firm today to schedule a consultation.
