Recovering Lost Wages and Unreimbursed Medical Expenses When You’ve Been Hurt
What are “economic damages” in a Texas personal injury claim? How are they calculated? How do they differ from other types of losses you might incur because of the carelessness or negligence of another person. In this blog, we’ll take a closer look at some of the most common types of compensation available in a personal injury lawsuit.
What Are the Different Types of Losses that May Be Recovered in a Personal Injury Claim?
In 2023, more than 62 million people sought medical treatment for injuries, leading to nearly half a million personal injury lawsuits. In Texas, as in other states, those lawsuits typically seek compensation for two distinct types of losses: economic losses and non-economic losses.
What Are Economic Losses in a Texas Personal Injury Case?
Economic losses generally include those types of injuries which are tangible and relatively easy to calculate. They include lost wages or income, as well as unreimbursed medical expenses.
Understanding How Economic Losses Are Calculated in a Texas Personal Injury Claim
Typically, economic losses are easily documented through written or digital evidence:
- Lost wages are calculated using pay records or stubs. An injured person is entitled to compensation for all forms of lost compensation, including wages and salary, bonuses, commission-based income, self-employment income and other job-related benefits. The compensation includes, both past and future lost income, typically calculated up to the person’s reasonable date of retirement.
- Medical expenses that are not covered by insurance or otherwise paid can be recovered in a personal injury lawsuit. This includes any reasonable and necessary medical care required as a consequence of the accident or injuries suffered.
Let Attorney Michael De La Paz Help Protect Your Rights When You Have Been Hurt
At the Law Office of Michael R. De La Paz, we have more than 26 years of experience protecting the rights of personal injury victims in Harlingen, McAllen, Brownsville and Houston, across Texas and nationwide, including men, women and children who have suffered needless injury in Texas motor vehicle accident. We will use our considerable experience, skill, knowledge and resources to help you get the outcome you want. Free call, text or chat, 24 hours a day, seven days a week–https://delapazlaw.com/.
Handling Motor Vehicle Accident Cases Nationwide, Including, But Not Limited to Texas, Florida, New Mexico, Illinois and Oklahoma