What Are Economic Damages in California?
After being injured in an accident, you may be entitled to compensation from the person who caused your injuries. Throughout the process of filing a personal injury claim, you may hear the term “economic damages” thrown around.
Economic damages are tangible expenses or financial losses that are a direct result of the accident that injured you. Below is a breakdown of the types of economic damages available to injury victims in California.
Getting Your Medical Bills Paid
After being in an accident, medical bills can add up fast and can include things like medication, imaging, various tests, regular appointments, and even surgery. You can receive compensation for these expenses.
What many victims don’t consider is what medical expenses they will have in the future. It is important to receive compensation for these expenses so you don’t have to pay out of pocket.
Money for Lost Wages
Another common economic damage in California is lost wages. This is significant and applies when your injuries render you unable to work at all or temporarily. For example, if it is necessary to take time off to visit the doctor, every time that happens, those lost wages could be accounted for in your injury claim.
An attorney can also win you compensation for any lost benefits, such as missing out on matching 401K contributions or a quarterly bonus check.
Damage to Your Property
Property damage is a common economic damage listed in car accident claims. However, damage to any type of property should be accounted for in your injury claim if it resulted from another party’s negligent or reckless actions.
You Can Also Be Compensated For …
This is a common need after an accident. In fact, many injury victims suffer from post-traumatic stress disorder. The cost of ongoing therapy can be recovered through your claim for compensation.
Money to Retrofit a Home
This includes money that was spent on renovating a home to make it accommodating to your disability or injuries that resulted from your accident. For example, if a ramp needs to be placed at the entrance of your home to allow you to enter on a wheelchair, the negligent party should have to pay for that—not you.
Anyone who needs to take a taxi back and forth to doctor appointments, purchase a new vehicle, or spend money on other forms of transportation after an accident can be compensated for it.
After you’re seriously hurt, you may need to hire a caregiver for yourself or your children. This is a tangible, accident-related expense.
Speak with a Personal Injury Lawyer
To find out what your case could be worth and what economic damages you could be entitled to, schedule an appointment with Kohan & Bablove, LLP. A personal injury lawyer with our firm can answer your questions after reviewing your case and provide guidance on your next steps. Get in touch via the form below or by calling 844-404-2400.