Economic damage is a verifiable loss that has a monetary value. The compensation is paid to the victim, or in the case of death, the victim's family, to reduce the pain caused by the injury resulting from negligence. This compensation is meant to help make the life of a victim or their family whole again.
As such, it is important to keep every receipt from treatment, funeral costs, car repairs, and any other expense related to the accident.
If you've been injured due to the careless actions of another driver, you may hear the word liability a lot. This term means almost the same thing as blame or fault in legal terms. As far as a car accident goes, this issue of liability can destroy a case before it even begins. Read on and learn more.
What Is Liability?
Accidents can happen that involve only one vehicle. However, many accidents involve another vehicle driven by a driver who did something wrong.