Compensation in a Boat Crash Claim
The compensation a claimant might recover in a boat wreck case falls into two broad categories. These categories are known as economic and non-economic damages.
Economic damages are tangible, financial losses. They have an exact dollar value that corresponds to the out-of-pocket costs a claimant might face. These costs could include boat repair bills, medical bills, or lost wages.
Non-economic damages compensate a claimant for subjective, intangible losses. These losses do not have a fixed quantity, making it more difficult to prove their value at trial. Examples of these types of losses include pain and suffering, the loss of consortium, or disfigurement. An attorney in The Colony could help someone injured in a boating accident calculate their non-economic losses.