{"id":47961,"date":"2022-10-18T18:03:02","date_gmt":"2022-10-18T18:03:02","guid":{"rendered":"https:\/\/wordpress-1141749-3971949.cloudwaysapps.com\/?page_id=47961"},"modified":"2022-10-26T15:26:48","modified_gmt":"2022-10-26T15:26:48","slug":"economic-damages","status":"publish","type":"page","link":"https:\/\/wordpress-1141749-3971949.cloudwaysapps.com\/legal-terms\/economic-damages\/","title":{"rendered":"Economic Damages"},"content":{"rendered":"
Economic damages<\/b> refer to compensation for objectively verifiable monetary losses. Economic damages, or \u201cspecific\u201d damages, are designed to compensate for actual, measurable losses. These may include:<\/p>\n Sustaining an injury in an accident can cause significant physical, mental and emotional pain and suffering. You may be looking at months of recovery, and possibly a lifetime of pain and suffering. Economic damages represent your financial losses related to your accident, including future anticipated losses. These damages make up a large portion of your case. A personal injury lawyer<\/a> at Burger Law can help you get whole again and recover economic damages, as well as non-economic damages<\/a>.<\/p>\n In determining negligence, a court will use a percentage system called \u201ccomparative fault,\u201d dividing your total loss by the total fault. As stated in Missouri Revised Statute \u00a7 537.765<\/a>, Missouri is a comparative fault<\/a> state, meaning that people should take care of their own safety and welfare. An example would be: Jimmy runs a red light and collides with Fred\u2019s car. Fred has $10,000 in damages. The court determines that while Jimmy did run a red light, Fred had sufficient enough time to try and avoid colliding with Jimmy. Because Jimmy is ruled to be 80 percent responsible and Fred is 20 percent responsible, Jimmy must pay $8,000 to Fred.<\/p>\n\n