What “Economic Damage” Means
Economic damages are the financial losses an injury causes — amounts that can be calculated and documented: medical expenses past and future, lost wages, diminished earning capacity, household services, property damage, and out-of-pocket costs. They’re the “receipts” category of a claim.
Why It Matters in Your Texas Case
Their apparent simplicity hides the fights: insurers dispute future care, discount earning-capacity losses, and haggle over “reasonableness” of bills. McKay Law documents economic damages to expert standard — life-care planners projecting decades of treatment costs, economists valuing career impacts, and every bill and mile logged. Future losses are usually the largest economic category in serious cases, and they’re exactly the ones adjuster software lowballs; proving them completely is where honest valuation begins.
Related Terms
← Back to the full Glossary of Terms
Questions About How This Applies to You?
Definitions inform; conversations resolve. If “economic damage” touches your situation, the free consultation puts it in context — your facts, your deadlines, your options: (903) INJURED, 24/7, English or Spanish, no fee unless we win.