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What Are Economic Damages in Alabama?

When you’ve been injured in a serious accident, you’ll need compensation for all the damages you’ve suffered because someone else was careless. Unfortunately, it’s rarely easy to recover that compensation. You may need help getting the full compensation you deserve for your case.

As you build your injury claim, you may encounter the term “economic damages.” But what are economic damages in Alabama? If you’re not sure about the different types of damages you may be eligible for, you may need a lawyer from the Henry Dailey Law Firm on your side.

Read on for more information on economic damages in Alabama.

Your Financial Losses

When you’ve been injured because of someone else’s negligence, it’s likely that your recovery is going to be expensive. Even if your injuries don’t seem expensive, they can become costly over time. Worse, certain damages, such as medical care, can be especially difficult for your bank account to absorb.

These financial costs are your economic damages, which can accrue quickly. That means you’ll need to account for any costs you’ve suffered because of your accident in your personal injury claim. For example, you may be unable to work for some time after your injuries. Because that’s a loss of money, you’ll need to include your time away from work in your claim for compensation.

Make sure you include any of the following economic damages you’ve suffered because of your injury:

  • Medical costs
  • Lost income
  • Lost earning capacity
  • Household accommodations for your injuries
  • Property damage

Calculating Current and Future Damages

Typically, economic damages aren’t as difficult to calculate as other damages. You’ll simply need to keep up with the expenses you’ve suffered and add them up. However, you’ll also need to calculate your future damages.

For example, let’s say you suffered head trauma during your accident. Brain injuries rarely pass quickly, meaning you may need medical care and therapy for months after the initial injury. That means you may not be finished paying for some of your damages.

When you’re seeking the full compensation you deserve for your injury, make sure you’re including all your economic damages. Your Alabama injury lawyer can help you estimate the rest of the compensation you may expect.

Recover Every Dollar You Deserve for Your Injuries

What are economic damages in Alabama? They’re the financial impacts of your injuries, and they’re extremely important. If you’re not sure what your economic damages are worth, give an attorney at the Henry Dailey Law Firm a call.

Our lawyers can help you fight back when you’re struggling with your claim, starting with a free consultation. Reach out for the help you need by giving us a call at 205-995-2412 or by completing the online form below.

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