Economic Damages Available In Multiple Claims
Whether you’re going through your own insurance in a no-fault claim or through a third-party lawsuit, you may pursue economic damages to cover the expenses associated with quantifiable losses. There are values directly associated with economic damages.
For instance, if your property damage resulted in $3,000 in repairs, you were unable to work losing out on $5,000 in the process, and your medical expenses were $10,000, these all have values. The insurance company or court can look at these and award you the exact amount you lost.
For a free legal consultation, call 863-250-5050
How are Non-Economic Damages Awarded?
A no-fault claim does not allow for the claimant to pursue non-economic damages. However, in a third-party lawsuit, any damages without a set value would be determined to be non-economic and the plaintiff would need to prove that these losses exist.
Non-economic damages are essentially there to compensation for pain and suffering you sustained as a result of the accident. Your medical bills are economic, but the actual pain you experience from the injury don’t have a value and thus you have not lost any money as a result. Instead, non-economic damages compensate you for your suffering.
In some rare situations, a Florida jury may award you punitive damages. These are in addition to other damages and are made to punish the negligent party and deter negligence in the future. Florida caps these damages, though, at $500,000 or three times the compensatory damages, whichever is larger.
Our Lakeland Car Accident Lawyers at Dismuke Law are here and ready to stand in your corner every step of the way. We work hard to protect your rights throughout the process. Trust us to guide you and pursue the justice you need after a negligence-related injury.
Call our firm today at (863) 292-6922 to discuss your potential case.