Financial Compensation in a Car Accident
After a car accident, phrases like "economic damages" or "pain and suffering" are often used, but their meanings can be unclear. The calculation of financial damages is a careful process, considering both current and future losses.
Compensation for a personal injury claim after a car accident falls into two categories: economic damages and non-economic damages. Economic damages refer to measurable financial losses.
- Economic damages are the measurable financial losses.
- Non-economic damages, such as "pain and suffering", are also considered.
Calculating financial damages after a car wreck is a careful process that takes into account both what you’ve already lost and what the accident may continue to cost you in the future.
Author's summary: Determining financial compensation after a car accident involves a careful calculation of economic and non-economic damages.
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