What to Know About Economic vs. Non-Economic Damages

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Economic and non-economic damages are inevitable in the aftermath of an accident. You should not have to handle these losses on your own. In fact, the negligent party should be brought to accountability via a personal injury claim. Find out how an experienced Tyler, TX personal injury attorney at J. Chad Parker, PLLC can help you in evaluating your eligibility to recover these economic and non-economic damages. 

What are examples of economic damages after an accident?

Economic damages are the tangible losses that come about due to your accident. Common examples read as follows: 

  • Medical expenses: these bills can come flowing in for an indefinite amount of time, depending on the amount of follow-up treatment you require to heal. 
  • Lost wages: missed opportunities for pay make these medical expenses seem even more dooming. Sometimes, your injuries may require you to miss out on your paychecks for years, or may even force you to switch your profession altogether. 
  • Property damages: after an auto accident, you may need to fix the damage to your automobile. If this is so, contact a skilled Tyler, TX auto accident attorney today.

What are examples of non-economic damages?

Non-economic damages are the losses that do not come with tangible documentation, but that support any type of suffering you experienced as a result of the accident. Common examples read as follows: 

  • Pain and suffering. 
  • Loss of consortium.
  • Emotional distress.
  • Disability.

If you require recovery for your 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?

Your insurance company surely will be quick to negotiate a settlement that is not enough to cover all of your damages. One of our attorneys will be able to step in to conduct an independent investigation of your damages so as to negotiate a fair settlement on your behalf. But if your insurance company still will not budge, that is when you will enter personal injury claim territory. Here, you will need to note the specific damages you are seeking to recover.

Collecting proof of your economic damages is relatively simple. 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.

On the other hand, proof of non-economic damages may be more of a challenge, as they do not come with the same documentation. However, you can still present the following in court to support your claim: 

  • 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 experienced Smith County, Texas firm

If you or a loved one were injured in an accident due to another party’s negligence, contact J. Chad Parker, PLLC today for a Smith County, Texas attorney who is ready to fight for the compensation you deserve.