Economic Damages
Quantifiable monetary losses resulting from an injury, including medical expenses, lost wages, property damage, and other out-of-pocket costs.
In Personal Injury Cases
Economic damages are easier to calculate because they have specific dollar amounts. Keep all receipts, bills, and documentation of expenses related to your injury.
Related Legal Terms
Special Damages
Another term for economic damages—quantifiable monetary losses with specific dollar amounts.
Medical Expenses
Costs incurred for medical treatment related to injuries, including hospital bills, surgery, medication, physical therapy, and future medical care.
Lost Wages
Income that an injured person was unable to earn due to their injuries, including salary, hourly wages, bonuses, and benefits.
Loss of Earning Capacity
Compensation for the reduction in a person's ability to earn income in the future due to permanent injuries.
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