Have you recently been injured in an automobile accident? Many people who are involved in Colorado motor vehicle accidents do not always know if they may be able to recover from the responsible party’s insurance carrier. The Denver car accident attorneys at the Mintz Law Firm have provided a short overview for those who have questions or need information.
Economic Damages: Economic damages are exactly what they appears to be – money. This can range from a variety of financial losses; medical bills that are incurred, missing time from work, and lost wages or out of pocket expenses. This type of damage includes any out of pocket expenses due to the auto accident in Denver. If you are going to incur medical bills or lost wages in the future, it is still considered to be an economic damage due to the car accident that took place.
Non-Economic Damages: These types of damages are what most people consider to be pain and suffering. This type of damage results from the things which you were unable to perform as of a result of a personal injury accident that occurred during the motor vehicle accident. For example, a person is forced to live with a permanent disability that requires the victim to significantly alter his or her lifestyle. Some cases are extreme and the car accident injury may have such an impact that the injured party cannot play with their kids or enjoy life the way they used to. Emotional stress such as fear, anger, or loss of enjoyment due to a car accident could be applied.
Personal injury: Many people involved in car accidents experience serious discomfort suffered during the car accident and in its immediate aftermath. Also for any ongoing pain that can be attributed to the accident. Automobile accidents result in broken bones or long term pain which is not always easily diagnosed. You may be entitled to get compensation for this type of damage.
Property Damage: Property damage is just what it is. Your car is totaled or damaged in a motor vehicle accident. A victim may be able to recover the costs of property damage suffered in an automobile accident. Property is usually valued at its fair market value at the time of the loss.
All of these damages are very difficult to recover from and when dealing with insurance companies may seem impossible. Sometimes almost feels impossible. The most important thing to understand is that you are entitled to recover for damages such as medical bills, lost wages, pain and suffering, and property damages and personal injury. Whether you choose to resolve the matter yourself or decide to hire a car accident attorney in Lakewood, keeping these thoughts in mind to help you determine if you are getting fairly compensated for your personal injury claim.