Both economic and noneconomic damages are at issue in personal injury cases. Whether injuries result from a motor vehicle accident, a slip and fall accident, or other some type of incident, an individual whose negligent actions have caused injuries may be liable for damages stemming from those injuries.
Economic damages are the monetary losses related to an accident involving injuries. These damages are relatively easy to value in dollars and cents, because they often involve bills for goods and services. For instance if your car is damaged in an accident, the negligent person may be liable for property damages, such as the bill for repairing or replacing your car. Other economic damages might include medical bills, ambulance service expenses, and physical therapy costs.
On the other hand, noneconomic damages are much more difficult to value in terms of compensation. These are hardships suffered as a result of an accident that don’t necessarily have a monetary value. Therefore, it can take complex analysis in order to place a value on these damages. Noneconomic damages are capped under Wisconsin law at a total of $750,000. Some examples of noneconomic damages might be emotional distress, which encompasses conditions like depression, anxiety, and post-traumatic stress disorder. Loss of companionship refers to the loss of a relationship with a spouse or other family member. Another type of noneconomic damages is disability and disfigurement. While you can’t really place a value on a permanent disfigurement resulting from an accident, and money will not fix the problem, you do deserve compensation for these types of hardships, as well.
Determining the full extent of economic and noneconomic damages in a personal injury case can be extremely complex. As a result, you will need an experienced personal injury lawyer to guide you through the claims process as appropriate. Each type of claim has strict requirements and deadlines that a claimant must meet in order to maintain a successful claim. Boller & Vaughan are Wisconsin motor vehicle accident lawyers who dedicate their practice to protecting the interests of the injured and their families. Contact our office today to set up your free consultation and learn what options are available to you.
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We live in Friendship, Wisconsin, and Boller & Vaughan came to our doorstep to discuss our mother’s wrongful death claim on a Saturday morning. Not only were we pleased with the large recovery, we were so thankful to have lawyers who were willing to explain to us every twist and turn along the way. It is great to know there is a law firm that will fight for the rights of elderly people all over Wisconsin.
Mr. Boller and Ms. Vaughan were incredible in working on my case and my daughter’s case. I was out of work and in the hospital with a new baby. Mr. Boller and Ms. Vaughan protected our rights and it was a pleasure to work with them. I hope never to be in another motor vehicle accident, however, if I am and I am injured, I will contact Boller & Vaughan immediately.
I was referred to Michelle through a friend. I have never had a better experience. It took a little over a year to get my settlement but the staff there stayed in constant contact and kept me in the loop. Oh, and Michelle actually got me MORE money than we discussed. I will refer anyone to this firm. Words cannot do justice the thanks that I have for Michelle and her staff (Mary especially) thank you guys so much!
After my husband died as a result of a motor vehicle accident, Boller & Vaughan spent countless hours talking with me, meeting with me in person, and making sure that I was okay. The drunk driver who hit us did not have any insurance, and we had to make a claim through our own insurance. Boller & Vaughan was fantastic at explaining the law to me and the handling of our claims.
After my son was injured in a daycare setting, Ms. Vaughan took the time to thoroughly investigate our case and my son’s injuries. Michele was approachable and had answers to our questions. Talking with her helped to relieve many of our anxieties.
