What are economic damages?

Economic damages are monetary losses that a person may suffer due to an accident. These losses can include medical bills, physical / emotional suffering, lost wages, and property damage. In California, economic damages are one type of award a person can receive in a civil lawsuit if they are injured in an accident. Economic damages are calculated by taking into account the plaintiff’s financial losses due to the accident. For example, if a person is injured in an accident, they may be entitled to economic damages to compensate for medical bills, lost wages, and other expenses related to the accident. In addition, economic damages may also include compensation for future financial losses, such as medical bills that may be incurred due to the injuries caused by the accident. Economic damages can be incredibly important as they are designed to help injured individuals pay for the costs associated with their accident.

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