What Are Economic Damages in Texas?
If you were injured because of someone else’s negligence and are contemplating filing a personal injury claim, you likely have many questions and concerns. The team here at Denena Points, PC often receives questions about economic damages in Texas.
We want to ensure our clients fully understand the benefits they may be eligible to recover with our help. To clear up this matter, we’ve provided this simple guide to help you understand how economic damages are classified in Texas.
What Is an Economic Damage?
To start, you’ll first need to know what economic damages are. Essentially, the term “damages” relates to monetary benefits you might be eligible to receive when our attorneys file a personal injury claim on your behalf.
Economic damages refer to damages that can cover direct financial impacts your accident and injuries have had on your life.
Examples of Economic Damages in Texas
In Texas, economic damages can include almost any financial impact of an accident that was someone else’s fault. The following are a few examples:
- Medical Care – This is one of the most common types of economic damages sought by accident victims when filing a claim. It refers to any healthcare coverage, both now and in the future, that pertains to your injuries. This might include medications, travel costs, hospital visits, surgeries, and doctor appointments.
- Loss of Earning Capacity – This type of economic damage is also applicable to both current and future circumstances. It takes into account the ability of the victim to continue earning money the way he or she did before the accident. If that ability is hindered temporarily or permanently, you can receive compensation to make up for the related monetary losses.
- Property Damage – Most common in vehicle accidents, this economic damage includes compensation for damage to your vehicle or other property that occurred during your accident. Property damage compensation can cover the cost of vehicle repairs or replacement, as well as the monetary value of any other personal items damaged in the accident.
These benefits are awarded based on the arguments and evidence presented by your attorney. Once our lawyers prove that the liable party’s actions affected one or all of these areas of your life, you will likely be able to receive economic damages.
Discuss Your Case with Us
Wondering what kinds of damages you can be compensated for after you’ve been injured in Texas? Get in touch with us. The attorneys at Denena Points, PC will put together a solid case to help you receive full and fair compensation for what you’ve been through.
Give our office a call today at 713-807-9500 to discuss the details of your accident with a Texas personal injury lawyer. You may also fill out our online contact form below.