Types of compensation available after a car accident

Friday, May 5th, 2023

Being involved in a car accident can cause serious issues and injuries. If the accident is caused by another person’s negligence or wrongful act, you may be able to pursue a lawsuit and recover compensation.

However, do you know what types of compensation you may be entitled to after a Texas car accident? If not, you aren’t alone. Here you can learn about the types of damages that you can be compensated for after an injury-causing car accident.

Economic damages

Economic damages are given to an accident victim to cover the financial cost related to the accident. These are tangible and can be proven with receipts and other documentation. For example, injury victims can receive some of the following economic damages after they are injured in a car accident:

  • Costs related to injury treatment
  • Predicted costs for future medical complications that are injury-related
  • Repair or replacement of your damaged vehicle
  • Lost income and ability to earn income because of time missed from work

Non-economic damages

Along with economic damages, non-economic damages are given to an accident victim to help compensate for the losses that are unable to be quantified. Some examples of non-economic damages include:

  • Reduced quality of life
  • Pain and suffering caused by the accident
  • Emotional trauma

Recovering damages after a Texas car accident

Being involved in a car accident can leave you with significant financial costs. This burden can impact your quality of life and your family. This is especially true if you can’t return to work after the accident and injury. Understanding your legal rights and what damages you can recover will help ensure you file a strong claim and have the evidence needed to prove your losses.