car accident

What Damages Can You Recover Following a Car Accident?

It’s common to hear, “We will make sure your injuries are taken care of!” when it comes to pursuing compensation after a car accident. This is because physical injuries are often the main focus of a car accident. While it’s crucial for your recovery to take care of your injuries, there are many other things that may be lost in a car accident.

Financial Damages

“Damages” refers to the dollar value a victim receives to pay for expenses directly resulting from the accident. After your accident, if you’ve sustained injuries, you may be able to pursue compensation for:

  • Economic damages
  • Non-economic damages
  • Punitive damages

In certain situations, there is a third form of compensation, which is known as punitive damages. These damages are sparsely given and act as a form of punishment towards the at-fault party when excessive recklessness is shown. One example would be if you were in an accident with a driver who was going 40 MPH over the speed limit. The driver was acting reckless, and you may be able to pursue punitive damages.

Economic Damages

Economic damages relate to any financial losses that the victim has taken on due to the accident, including:

  • Medical bills
  • Medical treatment (therapy, rehab, etc.)
  • Lost wages
  • Loss of future wages

Serious accident injuries often leave the victims unable to work for an extended period of time. Time away from work and costly medical treatment may cause medical bills to pile up quickly. This is why it’s important to seek the compensation you deserve, through working with an experienced Memphis auto accident attorney.

Non-Economic Damages

Non-economic damages refer to the damages that arise after the accident. These damages have a direct impact on the victim’s quality of life (QOL) and are often much deeper than physical pain. Some of the most common non-economic damages include:

  • Permanent disfiguration (common in burn injuries and amputations)
  • Permanent disability
    • Amputation
    • Paralysis
  • Mental illness
    • Depression
    • Anxiety
    • PTSD

Think of these damages as a way to compensate the victim for their diminished quality of life after the accident.

Don’t get stuck living a lesser version of your life because of the negligence of another person. At GKBM, our team of experienced Memphis car accident attorneys has been helping injured victims pursue the maximum possible compensation for countless years.

Call us today (901) 526-2126 to learn more about how we can help ensure the pursuit of a proper recovery.