What Are Economic Damages and Noneconomic Damages?
When a person is injured in an accident caused by another party or parties, the law says the at-fault party is responsible for any financial costs associated with those injuries. The goal of a car accident or personal injury claim is to “make the victim whole again” and part of that process is reimbursement of financial losses the victim suffered. It can also account for future medical expenses such as additional surgeries.
A seasoned car accident lawyer Memphis, TN families rely on may be able to obtain both economic and noneconomic damages for a victim, depending on the circumstances of the accident. The difference between the two is that economic damages are those items which have an actual dollar value such as medical bills and lost income. Noneconomic damages are awarded to the victim for things like pain he or she has endured from their injuries, or emotional distress. In some situations, your Memphis car accident lawyer may also be able to get you punitive damages.
What Are Economic Damages?
As a car accident lawyer Memphis, TN clients recommend can … Read the rest
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