Quantifying the non-economic damages that arise from physical and emotional distress following a motor vehicle collision is a complex process. These damages, often referred to as compensation for hardship endured, aim to address the impact on an individual’s quality of life. For example, an injured party might seek restitution for chronic pain, emotional trauma, or loss of enjoyment of activities previously pursued. This compensation is distinct from economic damages, such as medical bills and lost wages, which are directly quantifiable.
The valuation of these non-economic damages plays a crucial role in ensuring fair compensation for victims of vehicular accidents. Accurately assessing the impact of injuries on an individual’s well-being acknowledges the full scope of their suffering and aids in facilitating a just resolution. Historically, attempting to place a monetary value on intangible losses has presented significant challenges, leading to various methods and legal precedents designed to offer a more structured approach.