What Are Non-Economic Damages in Indiana?
When you’re hurt in an accident, one of your first concerns will likely be about the compensation you need for your financial losses. However, those aren’t the only damages you should seek. You also need to keep your non-economic damages in mind.
What are non-economic damages in Indiana? Non-economic damages are the ways the accident affected you in non-financial ways. A lawyer from Kooi Law can help you understand the differences between the damages categories and how to calculate the full value of your claim.
Your Intangible Losses
You know that you should receive compensation for certain damages, but understanding the difference can help you organize your receipts and provide evidence for both types of compensatory damages.
Non-economic damages cover the non-financial suffering you’ve experienced. That means that the mental and emotional suffering you’ve felt should be compensated. These damages might include any of the following losses:
- Pain and suffering
- Emotional trauma
- Mental anguish
- Loss of consortium
In contrast, your economic damages are purely financial. Those damages come from the costs of an accident, not from your personal suffering because of the accident. However, both types of damages are vital to your recovery and should be included in your total compensation amount.
Calculating Non-Economic Damages
When filing for your compensation, determining your non-economic damages can be a little complex. Unlike economic damages, which have a price tag attached, non-economic damages are intangible and more difficult to determine. Fortunately, your Indiana attorney will have the tools to help you determine your claim’s worth.
Typically, you’ll need to calculate your non-economic damages based on the severity of your injuries and the impact they’ve had on your life. The same injury could be more or less severe, depending on your personal situation, and that can affect the compensation you’re owed.
For example, you may have suffered a facial injury that left you disfigured in the accident. That can be painful, considering it may take surgery to repair the delicate bones of the face. For the average person, it can also be difficult to deal with the pain and disfigurement of this accident. For a model, however, that can hurt or even end their career.
Seek Your Full Damages with a Lawyer
Non-economic damages can be complex, and the amount you receive can vary based on the details of your life. Unfortunately, that makes it tough to determine what your claim is truly worth. Fortunately, that’s where a lawyer from Kooi Law can step in.
We’re here to answer your questions, beginning with, “What are non-economic damages in Indiana?” If you’re not sure where to start or how to obtain these damages, speak to your lawyer today during a free consultation
When you’re ready to begin, reach out by calling 317-569-1335 or by filling out the online form below.