How Do You Place a Dollar Figure on a Motor Vehicle Accident Case?
Following a car accident, the immediate concern is one's health and well-being. If there are injuries, arranging proper medical care should be a priority. After one's health is okay, the next area of focus is money. Car accidents are generally treated as civil matters. And in a civil matter, damages are generally compensatory in nature.
Damages are generally broken down into two categories. The first is Economic Damages. These are named so because they are relatively straightforward in vaulating. You could put a dollar figure on them. They include things such as medical bills and lost wages.
The second category of damages is Non-Economic Damages. This class of damages is more difficult to put a finger on in terms of a definite figure. A large component of this class of damages is pain and suffering. As the words suggest, pain and suffering includes both physical pain and mental anguish. It includes the daily discomfort of phsyical pain and the psychological and emotional impact of injury.
Damages are generally broken down into two categories. The first is Economic Damages. These are named so because they are relatively straightforward in vaulating. You could put a dollar figure on them. They include things such as medical bills and lost wages.
The second category of damages is Non-Economic Damages. This class of damages is more difficult to put a finger on in terms of a definite figure. A large component of this class of damages is pain and suffering. As the words suggest, pain and suffering includes both physical pain and mental anguish. It includes the daily discomfort of phsyical pain and the psychological and emotional impact of injury.