How Does Compensation Help After an Accident?

After a motor vehicle crash, you may deal with the challenging hardships that come with the damage you sustain. You’ll likely encounter all of the following damages:

  • Medical bills
  • Lost income
  • Physical pain
  • Emotional trauma

As such, you need to pursue compensation through a car accident claim and potentially a lawsuit.

Compensation can be beneficial to your life following a crash. However, you should know the type of compensation you may receive and how it can help, so you can move forward with full confidence in your situation. You must recognize what type of compensation may be available to you.

What are Economic Losses?

Economic losses are those that have a monetary value you can use to prove your needs in your claim. For instance, your medical expenses are an economic loss. You pay for the care you need, and you receive a receipt detailing how much you paid for the care.

The courts can use that amount as a base point for economic damages. You can also claim income losses, the cost of property damage, and any other direct monetary loss as part of your claim. We’ll fight to recoup the entire amount lost.

lawyer shaking a client's handWhat are Non-Economic Losses?

While non-economic losses are more challenging to determine, they are vital to your car accident claim. Most of your recovery will come from non-economic losses because they relate to pain and suffering, and any other damage you sustain without a direct monetary value.

Your mental anguish can factor into how much you may recover in non-economic damages.

What are Punitive Damages?

Punitive damages are different from economic and non-economic losses. These types of damages are not common and serve more as a punishment for the negligent party than as an award for your damages.

Punitive damages come into play when the defendant acts with malice. They intentionally cause you harm with their actions.

At The Gatti Law Firm, we’ll look at every aspect of your case to determine what damages you may seek. We’ll build a case focused on all losses to pursue maximum compensation on your behalf. Trust in our Salem car accident attorneys to help you from start to finish.

Paying for Financial Losses

Your financial losses constitute economic damages in a car accident claim. These losses are anything in which you lose a specific monetary value because of the collision. For instance, you can cover the costs of:

  • All medical bills, including hospital stay, surgery, medication, and more
  • All income losses, including benefits, wages, and potential income

Your financial losses hold a specific value. You can prove these with receipts, bills, statements, and more. You can utilize these documents as evidence to show the amount of compensation you need to recover from your financial hardships.

Paying for Your Pain and Suffering

In car accident cases, you may also recover compensation for your pain and suffering. These damages are non-economic, meaning there’s no definite value associated with your losses. A jury may award you non-economic damages for loss of enjoyment in life, pain and suffering, and mental trauma.

Compensation is vital to helping you get back on your feet after an accident. It helps to cover some of the troubles that you may encounter when you suffer a severe injury, as well as gain justice for the wrongs you endure.

At The Gatti Law Firm, pursuing the maximum compensation on your behalf is a top priority. Our Oregon car accident attorneys aim to go the extra mile to help you with the most favorable outcome possible.

For a free consultation, call our firm today at (503) 543-1114.

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