Economic, Non-Economic, and Punitive Damages

Posted on February 26, 2019 in

A serious car accident can cause difficulties for the victims. Your car may be totaled. You may have serious injuries that require extensive medical treatment. You may be forced to miss weeks or even months of work. You may be unable to care for your kids or perform daily tasks. You may have to miss out on the hobbies you once loved. Your relationship with your spouse and other family members may suffer.

When you think of damages, you may think of medical bills and property damage, but there are many more types of compensation you may be able to receive if you are a victim of a car accident.

There are three main types of damages: economic, non-economic, and punitive. Read on to learn more about these damages and whether they will apply in your accident case.

 

Economic Damages in New York

Economic damages refer to losses that have an actual dollar amount attached to them. These include medical bills, property damage, lost income, household services, and any other out-of-pocket costs that you incurred as a result of the crash. Lost income often times makes up the largest part of these damages.

 

Non-Economic Damages in New York

Non-economic damages are less concrete than economic damages. It is hard to place a value on non-economic damages because they vary from person to person, case to case. These damages refer to a person’s loss of enjoyment of life due to the accident. Noneconomic damages are often worth more than economic damages.

Pain and suffering is the most common type of non-economic damage. This is directly correlated to the severity of the injury. A person with a lifelong brain injury will experience more pain and suffering than someone who broke their arm and recovered a few months later.

A person’s non-economic damages will be based on their hobbies and interests before the crash occurred, too. Did they participate in marathons? Were they an athlete? How has their life been impacted now that they are injured from the crash?

Many people develop conditions such as anxiety and depression after a crash. They may suffer from post-traumatic stress disorder (PTSD). They may feel isolated and unable to leave their home. They may be scared to be inside a car again.

 

Punitive Damages in New York

Not all car accident cases are eligible for punitive damages. These damages are in place to punish the person who caused the accident. If the crash was caused by reckless behavior, such as racing or drinking and driving, or happened purposefully, then the judge may award punitive damages to the victim. However, awarding punitive damages is not done often—only in about five percent of cases.

 

Contact a New York Car Accident Attorney Today

If you were injured in a car accident, you may have suffered from numerous losses, financial and otherwise. Make sure to hire a Manhattan personal injury lawyer and get the full amount of compensation you deserve.

In car crashes involving serious injury, taking your case to trial can help you receive economic, non-economic and maybe even punitive damages. Manhattan car accident attorney Michael J. Redenburg, Esq. P.C. can assess your case and help you understand your options. Schedule a free consultation today by filling out the online form or calling (212) 240-9465.

Michael J. Redenburg, Esq. P.C.

In over a decade of legal practice, Attorney Michael Redenburg began his career defending cases for the clients of insurance companies. Initially defending no-fault claims at a Long Island-based law firm, he then moved on to a Manhattan-based firm where he defended the clients of insurance carriers in an auto accident and premises liability matters.

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