Economic damages are the financial costs and losses suffered by the plaintiff in a personal injury accident. These damages are intended to compensate the victim for their financial losses. For example, if a Lyft driver causes an accident, then the driver, Lyft, and the insurance company should compensate the injury victim. If you have questions about how you can recover economic damages in a Lyft accident lawsuit, contact your Colorado rideshare accident attorneys.
The attorneys at accidentdenver.com have represented injury victims of Lyft accidents and their families throughout Colorado. We will investigate your accident claim, deal with Lyft and the insurance company, and fight to get you the maximum compensation. Contact us today for a free consultation.
What Economic Damages Are Available in a Lyft Accident
Under Colorado Revised Statutes § 13-64-202, "economic loss" means pecuniary harm for which damages are recoverable under the laws of this state. Economic damages after a rideshare accident can include any financial loss, cost, or expense caused by the accident. In an auto accident personal injury lawsuit, economic damages may include:
- Cost of car repair,
- Property damage,
- Medical treatment,
- Medications,
- Physical therapy, and
- Loss of income.
Economic damages in a Lyft accident may also include future damages. For example, the losses caused by a car accident may not end with the filing of a lawsuit. The injury victim may have to deal with the financial impact of an accident long into the future. This includes future medical treatment and loss of earning capacity.
Future Economic Damages After an Accident
Future economic damages generally involve an accident that caused permanent injury. A serious back, neck, or head injury can require continuing medical care for years. Permanent injuries may also limit a person's ability to continue in their career, limiting their income potential.
A personal injury lawsuit will help the injury victim recover future losses so they do not have to continue paying the price for someone else's negligence.
Economic Damages for Victims Hit or Injured by a Lyft Driver
Sharing the road with other drivers means there is always some risk of an injury or accident. This includes other drivers on the road, pedestrians crossing the street, or cyclists out for a weekend ride. Drivers, including Lyft drivers, have a duty of care to others to drive responsibly. When a driver is careless, distracted, or violating a traffic law, it can put others at risk of an injury.
When another driver, pedestrian, or cyclist is injured in an accident with a Lyft driver, the accident liability coverage may be based on the driver's personal insurance, or Lyft's policy, depending on whether the driver was on the app at the time. If you have questions about who is responsible for compensating your losses after an accident, talk to your Denver rideshare accident attorney.
Economic Damages for Lyft Passengers Injured in an Accident
Lyft passengers expect Lyft drivers to be responsible, attentive, and follow the traffic laws. Lyft passengers are putting their health and safety in the hands of Lyft and the Lyft driver. Unfortunately, there are inherent risks of Lyft driving, which may put the passenger at risk of an injury.
When the passenger is injured in a Lyft accident, the passenger should be covered by Lyft's insurance policy with a maximum liability limit of $1 million. The time limit to file a personal injury claim related to a car accident is generally 3 years in Colorado. Contact a Denver personal injury lawyer as soon as possible after an accident.
Denver Lyft Accident Injury Lawyers
The attorneys at accidentdenver.com have successfully represented their clients and families who were involved in injury accidents with Lyft drivers. Our Colorado attorneys understand how the rideshare and insurance companies operate and will fight to get the maximum compensation available for your injuries. Contact us today for a free consultation.