What are economic damages?

Economic damages refer to monetary losses that occur as a result of an accident. These damages can include medical expenses, lost wages, lost future income, loss of property, and pain and suffering caused by the accident. In Hawaii, economic damages may be pursued as part of a personal injury lawsuit if it is determined that the at-fault party was negligent. Economic damages are typically easier to prove than other forms of damages, such as pain and suffering. For example, if someone is injured in a car accident caused by the other driver’s negligence, they can provide evidence of the medical bills and time off work related to the injury. As a result, economic damages typically involve tangible evidence rather than subjective measurements. In some cases, economic damages are not enough to cover all of the costs associated with an accident. In these cases, non-economic damages may also be pursued. Non-economic damages may include compensation for pain and suffering, mental anguish, and emotional distress, which can often be more difficult to prove in court. Overall, economic damages are an important form of compensation for injured people in Hawaii. They can help to cover the costs associated with an accident and provide financial stability during a difficult time.

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