The Difference Between Economic and Non-Economic Damages in a Personal Injury Case

March 5, 2025

The Difference Between Economic and Non-Economic Damages in a Personal Injury Case

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: Tangible Financial Losses


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:

  • Medical Expenses – Costs for emergency care, surgeries, rehabilitation, medications, and future medical needs.
  • Lost Wages – Compensation for income lost due to time off work for recovery, including future earning potential.
  • Property Damage – Repairs or replacement of damaged property, such as a vehicle in an auto accident.
  • Other Out-of-Pocket Costs – Expenses related to transportation, home modifications, or assistive devices due to the injury.


Non-Economic Damages: Intangible Losses


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:

  • Pain and Suffering – Physical discomfort and emotional distress resulting from the injury.
  • Loss of Enjoyment of Life – Inability to participate in activities or hobbies that were once enjoyable.
  • Emotional Distress – Psychological effects such as anxiety, depression, or post-traumatic stress.
  • Loss of Consortium – Impact on relationships with a spouse or family members due to the injury.


How Are These Damages Calculated?


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).


Why Legal Representation Matters


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.

A white range rover evoque is parked on the side of the road.
March 5, 2025
In a car accident in Florida? Learn what steps to take immediately to protect your legal rights. Roberts, Basnuevo & Macias, P.A. helps Miami-Dade residents navigate car accident claims and seek compensation.
A woman is walking across a crosswalk while carrying a black briefcase.
March 5, 2025
Injured in a pedestrian accident in Florida? Learn what steps to take and how liability is determined. Roberts, Basnuevo & Macias, P.A. helps Miami-Dade residents seek fair compensation.
A yellow sign that says caution wet floor cleaning in progress
March 5, 2025
Injured in a slip and fall accident? Learn who may be liable, from business owners to landlords and government entities. Roberts, Basnuevo & Macias, P.A. helps Miami-Dade residents seek fair compensation.
A scale of justice is sitting on a wooden table next to a gavel.
March 5, 2025
Learn the key differences between truck and car accident injury claims, including liability, insurance, and legal complexities. If you’ve been injured in a Miami-Dade truck or car accident, Roberts, Basnuevo & Macias, P.A. can help you seek compensation. Contact us today.
October 25, 2024
Who Can File a Wrongful Death Lawsuit in Florida?
September 23, 2024
Understanding Premises Liability Claims in Florida
July 22, 2024
Understanding the Statute of Limitations for Motorcycle Accidents in Florida
June 29, 2024
Understanding Wrongful Termination in Florida
April 29, 2024
Understanding Compensation in Florida Car Accidents
March 27, 2024
The Dangers of Texting and Driving: How to Prove Liability in Coral Gables
More Posts
Share by: