What Are Economic Damages in Louisiana?

Calculating the value of a personal injury claim is one of the most important components of the case, as this figure will tell us how much we should seek from the culpable party.

As part of these calculations, we will be looking into all the ways your life has been influenced. Although this does include the impact to your emotional state and lifestyle, here we are going to be reviewing your financial losses, or economic damages, as you read on.

Commonly Sought Economic Losses

Economic losses refer to the financial impact your injuries have had on your life. In a car accident, for example, you might expect to be repaid for the damage done to your vehicle. But you might not know that you can also seek repayment for things such as your lost wages, damage to your future potential earnings, and full coverage of your injury-related medical bills, to name a few.

How Are Damages Calculated?

Calculating the value of economic damage is actually a fairly simple process in most cases, as we’ll be looking at exact figures and monetary losses as opposed to estimating them as we would with non-economic damages. Your economic damages can usually be added up in order to obtain the total value of losses, and then used to assist in determining what your non-economic damages are worth.

Schedule a Consultation with a Personal Injury Attorney in Louisiana

Understanding which damages you will be able to recover in your claim can be confusing. But with the assistance of a qualified Louisiana personal injury lawyer at the Law Office of Braud & Gallagher, you can have confidence that every single loss is accounted for.

To schedule your free, no-obligation consultation at our firm, just give us a call at 1-800-256-5674 or fill out the brief contact form we have included at the bottom of this page.