What Are Economic Damages?
Economic damages, sometimes called special damages, are meant to compensate an accident victim for objectively verifiable financial losses.
These losses include:
- Past and future medical expenses
- Loss of past and future earnings
- Loss of use of property
- Costs of repair or replacement
- Loss of employment or business opportunities.
Economic damages are calculated based on the evidence of financial losses, including receipts and medical bills.
Economic damages are meant to restore the individual to the financial position they would have been in if the injury or harm had not occurred.
Calculating Economic Damages
In a personal injury lawsuit, you’ll need documented evidence to prove economic damages. To calculate the estimated amount of these damages, your lawyer will add up all costs related to the accident.
You will need to keep all of your receipts, bills, invoices, and other relevant documentation related to the accident. This information is crucial in demonstrating the value of your economic damages and ensuring fair compensation.
Contact a Personal Injury Attorney at The Brown Firm
The personal injury lawyers at The Brown Firm have decades of experience handling personal injury claims.
Our injury lawyers have the knowledge necessary to guide you through the aftermath of an accident. We understand how challenging a personal injury can be and offer free consultations to Georgia and South Carolina accident victims.
Please don’t hesitate to reach out to us at 800-529-1441 to schedule your free consultation.
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Schedule your free consultation by calling (800) 529-1441 or completing our simple online form.