Types of Car Accident Damages

Injuries from a car accident can take a physical, emotional, and financial toll on your life, but you should not have to pay for the damages another party caused. With the help of the experienced lawyers at Knowles Law Firm, you can better understand your claim’s value and how to prove your damages to insurance companies.

A successful insurance claim or car accident lawsuit in Nebraska can provide you with the financial resources to pay for both past and future economic losses. It can give you the money your family needs to move forward after a serious accident. 

For most individuals, the primary purpose of filing a car accident personal injury claim is to recover financial compensation. While this won’t take away the pain you experienced, it can help you pay for the financial losses you suffered from the accident.

Depending on the severity of your injuries and the specific details of your case, you may recover the following types of damages.

Economic Damages

Economic damages are awarded to make the  victim of an accident whole again. They reimburse the victim for financial losses directly related to the accident, such as the following:

• Medical Expenses: This includes all past, present, and future medical costs related to the accident, such as hospital stays, surgeries, medication, physical therapy, and any necessary medical equipment.
• Lost Wages: If your injuries caused you to miss work, you could recover compensation for your lost income. This also includes loss of future earnings if your injuries impact your ability to work in the future. You may also claim the difference between your previous and current earning capacity.
• Property Damage: This covers the cost of repairing or replacing your vehicle and any other personal property damaged in the accident.

We may use your medical bills, receipts, invoices, pay stubs, and tax returns to accurately calculate these damages and prove the at-fault party’s negligence caused them.

Non-Economic Damages

Non-economic damages are awarded to compensate the victim for intangible losses and emotional injuries, such as the following:

• Pain and Suffering: This compensates for the physical pain and emotional distress suffered due to the accident. The severity and duration of the pain, as well as any ongoing discomfort, are considered.
• Loss of Consortium: If the injuries negatively impact the victim’s relationship with their spouse, such as the ability to show affection or maintain a normal relationship, compensation may be awarded.
• Emotional Distress: This includes anxiety, depression, and other emotional impacts caused by the trauma of the accident and injuries.

Calculating non-economic damages can be complicated. While you may read online that you can calculate non-economic damages by simply multiplying your medical bills by some factor, it rarely works like that. The attorneys at Knowles Law Firm have been practicing personal injury law for more than 55 years and know how to accurately value the non-economic damages portion of your case.

Our attorneys are litigators at heart. They know that you can ask for any amount of money you want from the insurance company, but until you are willing to try a case to a jury and obtain a verdict, the insurance companies do not take you seriously. The attorneys at Knowles Law Firm have handled thousands of cases and tried many cases to a jury. Each case is unique and we use our experience and deep understanding of your case to develop a value for your non-economic damages. 

How much your case is worth will depend on key factors such as the severity of your injuries and the insurance coverage available. We can help you determine your claim’s potential value to prevent you from settling for a lowball offer.

Does Nebraska Have a Cap for Car Accident Damages?

Some states limit the damages that can be recovered in personal injury claims. In Nebraska, there is no such limit in car accident claims. A cap on damages only exists for medical malpractice claims in Nebraska. This means that if you were in a car accident Nebraska, the jury could award you whatever damages they believe are reasonable, given the circumstances.

Why Choose Knowles Law Firm for Your Car Accident Case

At Knowles Law Firm, we understand the toll a car accident can take on your life. With over 55 years of experience and a track record of securing multi-million dollar settlements, we are dedicated to fighting for the compensation you deserve. Our team will work tirelessly to determine the true value of your case and guide you through the legal process.

If you or a loved one have been injured in a car accident, don’t settle for less than you deserve. Contact us today at (402) 431-9000 or fill out our contact form.