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What Are Economic Damages in Virginia?

Accidents cause a lot of hardship for the victims. Your life can suffer for a long time after an accident. If someone other than yourself caused the accident that injured you, you might be entitled to financial compensation through a personal injury claim.

Filing an injury claim could help you get a settlement from the at-fault person’s insurance company. There are two main types of damages in Virginia: economic and non-economic. What are economic damages in Virginia?

Economic vs. Non-Economic Damages

One way that an accident can negatively affect your life is financially. The financial effects can hit you hard. You could be dealing with medical bills related to the treatment of your injuries. You could be missing out on income because you can’t work while you recover. Maybe you need to pay for physical therapy or mental health treatment.

These financial losses are known as economic damages.

Non-economic damages are the other types of losses you could suffer due to your accident.

For instance, you could suffer mental trauma after a serious accident. You could be in agony, trying to overcome physical pain. Maybe you have been scared or have disfigurements because of your injuries. What about permanent injuries that will change your life forever?

These are all examples of non-economic damages.

Can You Be Compensated for All Your Damages?

Both your economic and non-economic damages are compensable through a personal injury claim. You have to prove that someone caused your accident and injuries and are therefore responsible for compensating you for all your losses.

Talk to a Top-Rated Richmond Injury Lawyer

So you now know what economic damages in Virginia are. You can get help filing a claim to recover damages you may be entitled to by connecting with a Richmond personal injury lawyer at Halperin Law Center. Call 804-527-0100 or complete the internet contact form below.