What Are Economic Damages?

Hurt in an accident? You may be due compensation for the suffering and losses you’ve experienced because of your accident. But how do you know what your claim is worth and what compensation you’re due? 

If you’re unsure where to begin when you’re hurt in a Hastings accident, begin with a personal injury lawyer at Conway, Pauley & Johnson P.C. We have the tools you need to calculate your damages, both economic and non-economic. But first, what are economic damages? Learn more about this type of damages, and read on if you’re ready to seek out your damages with a lawyer’s help. 

Your Economic Damages 

When you’re hurt in a serious accident, you may need coverage for the financial side of your accident. Any kind of injury can get expensive fast, after all. For example, you may have been injured in a Nebraska car accident. You may have suffered a traumatic brain injury or spinal cord injury that permanently impacted your health and independence. 

Your economic damages should cover the costs of these injuries. For example, you may include the wages you’ve lost because you were unable to work, or the costs of your medical care. These expenses can accrue quickly, but fortunately, you may be eligible for compensation for that. 

How to Calculate Economic Damages

After a serious accident, your economic damages may be piling up. These damages can put you in debt quickly, leaving you to struggle to get answers on your claim. Luckily, your lawyer is here to help. 

Even luckier, economic damages can typically be added up and included in your compensation. For example, you may have gathered your medical bills—all your lawyer needs to do is add them up. 

Of course, your claim may be more complex. For example, your injuries may take time to heal. You may need your lawyer to calculate your claim’s value based on the estimated value of your injuries over time, not just in the moment. 

Protect Your Economic Damages 

After your accident, you need the maximum compensation available for your injuries and your suffering. The problem is, the at-fault party doesn’t want to pay for the costs of your injuries. They want to protect their interests and keep their funds. 

Because of this, the at-fault party may try to blame you for the suffering you experienced. That can reduce the compensation you’ll receive for your damages. For example, if you’re found 30 percent at fault, you may only receive 70 percent of the compensation you’re owed. 

Connect with a Personal Injury Lawyer 

When you’re hurt in a serious accident, you can use compensation to overcome the suffering you’ve experienced. But how do you know what you’re due after an accident, and how do you know you’ve requested economic damages that cover all your expenses caused by the accident? 

The lawyers at Conway, Pauley & Johnson P.C. can be key in helping you get compensated for your injuries. If you’ve been hurt and you need to know more about your economic and non-economic damages, your lawyer can help you seek compensation, and they can represent you in the courtroom. When you’re ready to seek compensation, call 402-462-5187 or complete the online contact form below.