What’s the Difference Between Economic & Non-Economic Damages?

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What’s the Difference Between Economic & Non-Economic Damages?

Few things are much worse than sustaining an injury in a car accident, or any other type of accident. Not only are you physically hurt, but you likely are now faced with the high cost of medical bills, and you may even be unable to return to work to continue collecting paychecks to help pay off those medical bills. Fortunately, with the help of a competent Manhattan car accident attorney in your corner, you stand a far greater chance of recovering compensation for the damages you’ve incurred. Read on to learn more about potentially recoverable damages and how our legal team can help you through the process ahead. Here are some of the questions you may have:

What are economic damages?

Economic damages involve the financial cost of an injury. These can include the following:

  • The cost of surgeries
  • The cost of multiple overnights in a hospital
  • The cost of rehabilitation
  • The cost of lost wages

What are non-economic damages?

Non-economic damages, on the other hand, deal with the real, yet incalculable pain you’ve incurred due to your accident. These can include the following:

  • Pain and suffering
  • The loss of enjoyment of life, or a lower quality of life
  • Mental anguish
  • Loss of consortium
  • Scarring or disfigurement

Keep in mind that you may only qualify for compensation if you can prove that you were injured as a direct result of someone else’s negligence. Our legal team has extensive experience guiding clients through the claims process, and we’re here to put that experience to work for you.

How long do I have to sue for compensation in New York State?

In New York, you have three years from the date of your accident to file a personal injury claim. Waiting longer than three years will likely result in you permanently losing your right to sue. If you have any further questions or you’d like to speak with one of our attorneys, simply pick up the phone and give us a call today.

CONTACT OUR EXPERIENCED NEW YORK CITY FIRM

Our entire legal team is dedicated to providing the advice you need and the personalized attention you deserve. If you have been injured due to another party’s negligence, call 212-421-0300 or fill out our contact form to schedule a free consultation with a New York City personal injury lawyer. You may be entitled to financial compensation, which can help you on your road to recovery.

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Whether you need a car accident lawyer, slip and fall lawyer or legal representation for any type of accident, the NYC personal injury lawyers at The Law Office of Richard M. Kenny can help. Located in New York City, we've helped thousands of individuals throughout the Bronx, Brooklyn (Kings County), Manhattan, Queens and Nassau County recover the compensation they need to receive proper medical care, treatment and quality of life after serious injury.

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If you've been injured due to the negligence or wrong-doing of another, we can provide you and your loved ones with the legal support needed to ensure proper medical attention, long-term treatment and fair, reasonable financial compensation is received for your personal injury. The initial consultation is always free. For immediate assistance, call (212) 421-0300.

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