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Home » Tampa Personal Injury Lawyer » What Are Economic Damages in Florida?

What Are Economic Damages in Florida?

If you have been looking into filing a Florida personal injury lawsuit, chances are you’ve stumbled across the phrase “economic damages.” Economic damages refer to the financial losses you have endured after being involved in a motor vehicle accident, slip-and-fall, dog attack, work accident, or any other accident caused by someone else’s negligence. 

These are not to be confused with non-economic damages, which are related to the losses you’ve experienced after an accident that aren’t obviously measured in dollars. For example, the pain and suffering you experience after a traumatic event may not be as clear-cut as your medical bills, but they’re still important and they can actually be compensated financially, too. 

For now, though, let’s focus on your economic damages. We have described in greater detail below the most commonly sought-after economic damages so you can better prepare for your lawsuit.

Lost Wages

Losing out on wages is not just an inconvenience for some people; it’s a disaster. If you are living paycheck to paycheck, as many Floridians are, missing out on the money you would have earned can completely destroy your life, and fast. Fortunately, when you file your lawsuit, these lost wages can be included in your claim.

Medical Expenses

The cost of healthcare in the United States is astronomical. If you have suffered even a minor injury, these medical bills can accumulate quickly. Getting your current and future medical expenses and equipment covered by the liable party is essential to a successful personal injury lawsuit. 

Property Damage

Not every type of accident will result in property damage, but if you were involved in a motor vehicle accident, for example, you would need compensation for the repair or replacement of your damaged vehicle. Other property damage, including cell phones, computers, or other valuable losses related to your accident, may be recoverable.

Get Help from a Florida Personal Injury Lawyer

You may be entitled to full recovery of both your economic damages, as described above, and other non-economic damages. You can learn more about what monetary and nonmonetary losses you might be able to recover by scheduling a free consultation with the attorneys at Anderson & Anderson. We can help you calculate the worth of your personal injury claim.

Your respected Florida personal injury lawyer will do everything possible to secure the compensation that is rightfully yours. You can give us a call at 813-251-0072 or complete the brief contact form we have provided below when you are ready to meet with an attorney.