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When someone suffers an injury due to another party’s negligence, they may be entitled to compensation. Personal injury claims typically involve two types of damages: economic damages and non-economic damages. Understanding these distinctions is essential for anyone pursuing a claim. At Roberts, Basnuevo & Macias, P.A., we assist the Miami-Dade community in navigating these legal matters and seeking fair compensation.
Economic damages cover the direct financial impact of an injury. These losses are quantifiable and can be calculated based on bills, receipts, and expert assessments. Common types of economic damages include:
Unlike economic damages, non-economic damages do not have a direct monetary value. These losses relate to the emotional, psychological, and lifestyle impacts of an injury. Examples include:
Economic damages are typically straightforward to determine, relying on documented financial losses. However, non-economic damages are more subjective. Courts and insurance companies may use a multiplier method (multiplying economic damages by a certain factor) or a per diem method (assigning a daily rate for pain and suffering).
Insurance companies often attempt to minimize compensation, particularly for non-economic damages. Having legal guidance ensures that all losses—both financial and personal—are properly valued and pursued. At Roberts, Basnuevo & Macias, P.A., we advocate for injury victims in Miami-Dade, helping them recover the compensation they deserve.
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Disclaimer: The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute an attorney-client relationship.
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All Rights Reserved | Roberts, Basnuevo & Macias, P.A. | Powered By Convert It Marketing | Privacy Policy