Understanding Potential Compensation: Economic and Non-Economic Damages in Car Accidents

On the bustling highways and busy streets of Atlanta, car accidents occur more frequently than we’d like to admit. If you find yourself in such an unfortunate situation, it’s essential to understand your rights and the potential compensation you may be entitled to. At Morain & Buckelew, LLC, we’re here to support you throughout the entire process.

Economic Damages: Tangible Financial Costs

Economic damages, also known as special damages, encompass financial losses that can be quantified. These include costs related to medical bills, therapy and rehabilitation, loss of earnings and future loss of income due to inability to work, property damage, and out-of-pocket expenses directly related to the accident. It’s vital to keep thorough records of these expenses as they play a significant role in determining your compensation.

Non-Economic Damages: Intangible Losses

In contrast, non-economic damages relate to intangible losses that don’t have a specific dollar value. In the state of Georgia, these could include pain and suffering, emotional distress, loss of companionship, loss of enjoyment of life, and in severe cases, disfigurement or disability. It’s important to remember that these damages, although harder to quantify, are just as impactful and deserve adequate compensation.

Calculating Compensation: The Process

The process of calculating compensation can be intricate and multi-faceted, especially here in Atlanta, Georgia. Essentially, it involves a two-tier assessment of both your economic and non-economic damages.

The economic part includes the straightforward costs like medical bills and property damage, but also less obvious ones like future loss of income. We work with your healthcare providers and potentially financial experts to estimate the future costs of your recovery and any possible ongoing disability that might limit your work capacity.

Next comes the non-economic part, which can be less clear-cut but equally important. How has your life changed? Are you experiencing constant pain, insomnia, or anxiety? Have your relationships suffered? These damages are harder to quantify, but they are very real and deserve to be compensated.

At Morain & Buckelew, LLC, we leverage our six decades of experience to ensure every factor is meticulously evaluated. By collaborating with medical professionals, economists, and life care planners, we aim to get a comprehensive understanding of your situation. This holistic approach to calculating compensation helps us advocate effectively for you, securing the full compensation you’re entitled to.

Your Personal Injury Attorney: Morain & Buckelew, LLC

A car accident can be traumatic and overwhelming. The process of seeking fair compensation shouldn’t have to be. That’s where we come in. With 60 years of experience representing injured individuals, we ensure that your rights are protected and that you get the full compensation you’re entitled to.

Whether your injuries are minor or catastrophic, we can help you proceed with your claim. Morain & Buckelew, LLC. is a knowledgeable, and compassionate firm representing injured individuals. We can help you every step of the way, so please get in touch to schedule your case evaluation online or contact us at (404) 448-3146.