Personal Injury Claim: The Difference between Economic and Non-Economic Damages

Were you recently involved in a serious action due to the negligence of another person? You have the right to file an injury claim against that individual and seek compensation.

After all, you are likely to incur financial, physical as well as emotional damages when you’re involved in an accident.

People might sometimes feel confused regarding the differences between economic and non-economic damages. Here is everything you might want to know about the two:

Economic Damage

When you make the decision to file a compensation claim, your solicitor will assess the impact of the accident on your life.

Economic damage revolves around the expenditures that one incurs when they get involved in an accident. Some of the expenses that you might have to incur due to the accident include:

• The money you have to pay for the treatment from doctors.
• Financial losses that you incur because you do not go to work and your pay is cut.
• In case, you have young children that you are unable to take care of because of your injury. You will also have to pay money for childcare.
• Injured people also incur transportation expenses since they are unable to travel on their own and need assistance from outsiders.

Non Economic Damage

Non-economic damage refers to the psychological and physical trauma one experiences when they are involved in an accident. They are not based on an actual value. Insurance agents tend to refer to these kinds of damages as ‘general damages’.

Some of the issues that come under non-economic damage include:

• The pain that you feel due to your injury and the effect that it has on your quality of life
• Being in an accident can scar the victims for life. They may u
• It can also lead to other major problems like disability and disfigurement. These people might have to depend on others for the rest of their lives.

Why You Need To Hire Solicitors In Such Situations?

When you make the decision to file a compensation claim, there are certain things that you will need to keep in mind. First, you need to know that you will have to present evidence in the court. You will have to give proof that the injuries you got were indeed because of the accident.

Seeking the services of solicitors is preferable in this regard since they can provide you with guidance throughout the process. They can also represent you in dealings with the insurance agents. Get in touch with us.

We offer a wide range of legal services, which include:

• Filing of hit and run accident claims
• Loan disagreement disputes
• Children custody

You can contact us at 020 3417 3700.