Understanding Noneconomic Damages & Personal Injury

Understanding Noneconomic Damages & Personal Injury

Posted By Maher Law Firm || 9-Mar-2017

Personal injury accidents, such as car collisions and slip and falls, can result in catastrophic injuries which result in physical, mental, and emotional turmoil for the victims. According to personal injury tort law in Florida and the rest of the nation, when a person is hurt by another’s negligence or recklessness, the victim may file a claim for damages against the liable party.

There are two main categories of damages: economic and noneconomic damages.

What are Economic Damages?

Economic damages are compensation a victim receives as a result of monetary losses he or she suffers due to an accident. They may include medical expenses, lost wages, property damages, loss of earning capacity, household services, vocational rehabilitation, and any related out-of-pocket costs.

What are Noneconomic Damages?

On the other hand, noneconomic damages are less concrete compared to economic damages. These types of damages may include pain and suffering, emotional turmoil, reputational damage, loss of enjoyment of activities, humiliation, or worsening of previous injuries. Furthermore, a spouse may be able to recover a type of noneconomic damage known as loss of consortium (love and support).

Calculating noneconomic damages in a personal injury case can be complex. Each type of accident presents a unique set of facts and circumstances, each victim presents a unique set of personal characteristics and life circumstances.

The following are the common factors when trying to put a monetary figure on noneconomic damages:

  • The victim’s age
  • Family circumstances
  • Education level
  • Work history
  • General health

If you have been injured by a negligent party in Florida, contact The Maher Law Firm and schedule a free consultation with our Orlando personal injury attorney today.

Categories: Personal Injury
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