Types of Damages Available in Florida Car Accidents
After being involved in a Florida car accident, you may owe substantial money. Typically, people only consider vehicle accident expenses like medical bills or auto insurance. Many people believe that an insurer will cover all of their damages. However, the total sum for a Florida car accident can be well above what insurance covers.
If you are involved in a Florida car accident, your insurer will probably cover immediate medical claims. Personal injury protection (PIP) will only cover 60% of your lost wages, and 80% of your medical bills. And they will only help you up to $10,000.
Medical bills often quickly skyrocket past this threshold. When we consider some of the more severe injuries that can occur in a car accident, we are looking at expenses that can go well beyond $10,000. When everything is said and done, the first-year medical costs for a spinal cord injury can total over $1 million.
That’s a lot of money to lose. But with the right representation, you may be entitled to economic, non-economic, and punitive damages.
Breaking Down Economic, Non-Economic, and Punitive Damages
When we look at damages for a car accident, we want to consider the totality of economic costs and non-economic costs. If your case also was the result of misconduct, you may qualify for punitive damages. The full extent of damages from a car accident can be hard to quantify. But these three types of damages can help you cope with financial strain after a serious car accident:
Economic damages include any monetary value you lost as a result of the accident. These costs are calculated based on your actual financial loss. Items like lost earnings, medical repair, and vehicle repair are examples of economic damages because you can add up their loss and determine a monetary figure.
Other costs — such as the cost of transportation to your doctor’s appointment or even compensation for future economic losses due to a compromised earning capacity — are economic damages.
A qualified legal counsel will be able to give you more information on what economic damages are available to you after a Florida car accident.
Non-economic damages include both emotional and physical pain and suffering, and permanent or substantial loss of an important bodily function, or change in physical appearance as a result of your accident.
Beyond these include examples like disfigurement, permanent scarring, or even loss of life. These damages are harder to put a price on. While they are not outright financial burdens, they have a significant impact on your quality of life.
Hiring a legal team that understands how to account for your non-economic damages can help get the right compensation.
Sometimes accidents are caused by negligent and irresponsible parties. Punitive damages punish defendants for careless behavior. If a reckless driver was engaging in risky behavior and caused your accident, you may be entitled to punitive damages.
These also include additional considerations. For example, if a commercial vehicle was involved in your accident, or if there was a liable party beyond the driver. Perhaps the company that the driver worked for was creating a hostile work environment for its employees, which contributed to the accident. There are many other ways to factor in the cost of punitive damages.
Recovering your full compensation takes a qualified professional. Make an appointment with Farah and Farah today to review the details of your potential case.
Review Your Case For Free With The Expert Attorneys at Farah & Farah
After an accident, it may feel like a struggle to get your life back together. On top of the unexpected financial setbacks, such as an inability to work or staggering medical bills, you could be looking at a long and hard recovery with an uncertain future.
The law offers three types of legal compensation to help you put your financial life together. Economic damages may be necessary to help you regain the financial or property loss incurred by these accidents, while non-economic damages can help compensate for both physical and emotional suffering. And if your car accident was the result of total negligence, you can also be eligible for punitive damages.
The experts at Farah and Farah are here to help you fight for justice. If you’ve been in a car accident on the Florida roadways, call us today to discuss your case options.