What Are Noneconomic Damages?
The latest data collected from the Maryland Department of Transportation shows that in 2022 alone, there were 108,443 car crashes across the state. Not every one of those crashes resulted in trips to the ER or a courtroom. However, many of those victims who suffered serious harm were likely entitled to compensation for their economic and noneconomic damages.
The amount of damages victims are entitled to can vary quite a bit. Why? Actual costs and non-tangible losses are calculated differently.
When demanding compensation from an insurer after a car accident, your attorney calculates all your accident-related losses. Economic damages are actual costs you incurred. What are noneconomic damages, though? Below, we’ll further explain what different types of damages are and any caps that may apply to them.