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Two Types of Compensation for a Car Accident Claim

by | Jun 21, 2022 | Auto Accident, Blog, Personal Injury | 0 comments

Two Types of Compensation for a Car Accident Claim

In the aftermath of a car accident, many victims suffer severe and painful injuries, as well as financial burdens as a result of mounting medical bills and lost wages. Victims may also suffer from mental distress, depression, or loss of enjoyment of life. Therefore there are two types of compensation in a car accident claim our car accident attorneys can assist you in recovering; economic damages for monetary losses and non-economic damages for intangible, non-financial losses such as pain and suffering.

Economic Damages

Economic damages, also known as compensatory damages, reimburse you for any monetary losses you endured as a result of the accident. The intention of this compensation is to return you to the financial state you were in before the accident occurred. Common economic damages include:

  • medical expenses (Cost of long-term care or rehabilitation, and assistive medical equipment)
  • Property damage
  • Lost wages, income, or earning capacity

Non-Economic Damages

In special circumstances, car accident victims may be entitled to non-economic damages. This is additional compensation for intangible and non-financial losses a car accident victim experiences after suffering a personal injury as a result of the car accident.

Our car accident attorneys will review your claim to determine if you may be entitled to non-economic damages such as:

  • Pain and suffering
  • Disability or disfigurement
  • Loss of enjoyment of life
  • Mental distress or depression
  • Loss of companionship
  • Humiliation or damage to reputation

At Joshi and Patel, our car accident lawyers will review your claim and advise you in what type of compensation you are entitled to.

If you or a loved one has been involved in a car accident speak with an experienced car accident attorney at Joshi & Patel. 

At Joshi & Patel we offer a free case evaluation, no obligation consultation. Once it has been determined that you have a case, we will work for you on a contingent fee basis. In other words, you don’t pay your personal injury attorney fees up-front. Instead, you sign an agreement to pay us a percentage of your settlement amount. You pay us absolutely nothing unless you recover. 

**Many of our blog articles discuss the law. All information provided about the law is very general in nature and should not be relied upon as legal advice. Every situation is different, and should be analyzed by a lawyer who can provide individualized advice based on the facts involved in your unique situation, and a consideration of all of the nuances of the statutes and case law that apply at the time.