What Are Economic Damages in Massachusetts?

If you were recently injured in an accident caused by the reckless or negligent actions of another, you might be able to bring a claim against them in civil court to recover compensation for your losses. When your lawyer is calculating the value of your claim, your damages will be categorized as either economic or non-economic.

Economic damages are the accident-related losses that have influenced you financially. Non-economic damages refer to the ways your lifestyle and emotional state has been impacted by your injuries. For the purposes of this article, we’ll be examining the different types of economic damages that could be included in your claim.  

Coverage of Your Medical Expenses

One of the most important economic damages that you’ll need to include in your case are the coverage of your medical expenses. As you probably know, healthcare costs in the U.S. are astronomical, and even a minor injury can result in thousands of dollars in medical bills.

You can only imagine the total cost of a traumatic brain injury and how being stuck with that bill would impact your life. It will be your attorney’s goal to get every single medical expense covered by the liable party, including one or more of the following:

• Ambulance fees
• Hospital bills
• Co-pays
• Rehabilitative services
• Diagnostic imaging
• Cost of prescription medications
• Medical equipment and installation fees
• Physical and/or occupational therapy

You should never be expected to cover mountains of medical bills when your injuries could have been prevented if it weren’t for the person or persons responsible for causing your accident. Your personal injury lawyer in Massachusetts will ensure that every single loss is accounted for in your claim.

Other Financial Losses You Can Recover

Economic damages don’t only consist of medical bills, however. Essentially, any loss that has had an impact on your finances is eligible to include in your personal injury claim.

Some of these damages might include your lost wages, any property damages, and the loss of your potential earnings, whether that be contributions to your retirement savings plan, bonuses, promotions and salary raises. In any case, you’ll need to review each and every loss so your attorney can include them when determining the total value of your claim.

Consult a Highly Trained Massachusetts Personal Injury Lawyer

When you need assistance quantifying your damages, reach out to an experienced Massachusetts personal injury lawyer at Joel H. Schwartz, PC. We offer all injury victims a free consultation where we can delve into the details of your case. You can take advantage of this opportunity by giving our office a call at 1-800-660-2270 or by filling out the brief contact form located at the bottom of this page.