The easiest damages to calculate the value of will be your economic damages. This category includes any financial losses you’ve suffered because of your accident—both current and future. Include your medical expenses, lost wages, any property damage, and any other economic costs tied to your injuries. These damages are usually determined by adding the costs together and estimating future expenses.
Noneconomic damages, on the other hand, are paid for intangible losses. These losses included mental anguish, as well as physical pain and suffering. If the injury has resulted in severe impairment, family members may even recover damages for loss of companionship.