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Types of compensation after road traffic collisions

On Behalf of | May 22, 2023 | Car Accidents |

For victims, it is impossible to put a price on the consequences of suffering catastrophic injuries in a vehicle accident. Many severe injuries can have lasting effects on victims’ lives. For example, severe spinal cord damage often results in permanent paralysis.

Once a motor vehicle accident irreparably impairs your life, you deserve all the financial compensation available. Without it, you might not have the means to pay for medical treatment that could improve your life and prognosis.

If obtaining maximum compensation is a primary goal, it is time to learn what you deserve under Tennessee accident and injury laws.

Economic crash damages

Nearly all accident victims obtain some form of economic restitution through the involved insurance companies. These awards recompense victims for property damage, medical costs and other financial losses resulting from the accident.

Unfortunately, many insurers try to short-change injury victims, but legal guidance helps ensure you obtain fair economic compensation.

Non-economic accident damages

You may be more familiar with the phrase pain and suffering, but it means the same as non-economic damages. These awards are meant to address the often-unquantifiable losses accident victims experience.

For example, some catastrophic injuries result in the inability to engage in marital relations. While difficult to assign a dollar value to such a personal loss, courts usually agree that victims deserve additional compensation.

Other crash effects that may qualify you for pain and suffering include:

  • Disfigurement
  • Persistent pain
  • Mental and emotional anguish
  • Loss of bodily functions
  • Loss of life enjoyment

Even though you cannot put a price on extreme pain or suffering, a non-economic award may improve your life, allowing you to focus on creating a new normal. Speak with a legal representative for more details about your compensation rights.

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