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What Are Economic Damages in Oregon?

What Are Economic Damages in Oregon?

If you are injured in an accident in Oregon, you may incur many different expenses. You will likely face medical bills and lost income, at the very least. 

Fortunately, Oregon law allows accident victims to recover compensation for their losses after an accident. These damages fall into two broad categories: economic damages and non-economic damages.

In this article, our Portland personal injury lawyers at Tillmann Law discuss the topic of economic damages.

Economic Damages in Oregon

If you were in a car accident or another personal injury incident, you could be entitled to substantial compensation from the at-fault party. You will qualify for two types of damages:

  • Economic damages
  • Non-economic damages

Economic damages will cover your financial losses related to the accident. These are losses that can be substantiated with documentation such as receipts, invoices, bills, etc. In other words, they have a specific monetary value.

Non-economic damages compensate for non-monetary losses that are more personal in nature. Also known as pain and suffering damages, these losses do not have a discreet monetary value. However, they can make up a large portion of your personal injury award.

Common Types of Economic Damages in Oregon

Economic damages can include virtually any loss with a provable financial value. However, there are some common economic damages that tend to pop up in every case. 

Medical Expenses

Medical expenses are often one of the largest economic damages in personal injury cases. Medical costs might include:

  • Surgeries
  • MRIs
  • X-rays
  • Emergency room care

You can recover compensation for your past medical expenses and future expenses that your projected to incur due to your injuries.

Rehabilitation and Physical Therapy

Slip and falls and other accidents cause serious injuries that might require months or years of physical therapy and rehabilitation. Economic damages cover the expenses you incur from the rehab process

Lost Income and Diminished Earning Capacity

You may lose significant wages from missed work while you recover from your injuries. Lost income can make up another large portion of your injury award. You can typically prove the amount of your lost wages using pay stubs.

You can also recover compensation for any diminished earning capacity you experience after the accident. 

Property Damage

Property damage is another common economic loss. Property damage comes up most often in motor vehicle accidents. However, it extends to any accident that damages or destroys your personal property.

How Do Courts Calculate the Amount of Compensation a Victim May Receive?

Proving economic damages is a relatively straightforward process. Your lawyer will typically track and record all financial losses related to the accident. They will then calculate the value of the losses to determine how much compensation you should receive. 

Your compensation will depend on a number of factors, including:

  • The extent of your medical care
  • Whether you will incur additional medical expenses in the future
  • The wages you lost while you recovered from your injury
  • Whether your injury was disabling and limits your ability to work
  • The cost of physical therapy and rehabilitation
  • The cost to repair/replace damaged property
  • Available insurance coverages
  • Whether you share fault for the accident

Accidents that result in severe or permanent injuries typically have the highest value. The best way to determine the economic damages available in your case is to consult an experienced injury lawyer. 

Is There a Limit to the Economic Damages Oregon Injury Victims Can Receive?

Oregon caps non-economic damages at $500,000 in certain cases. However, there are no caps for economic damages.

You will be able to recover full compensation for your financial losses after an accident. However, your choice of attorney can make a difference in the amount of compensation you receive. An experienced injury attorney gives you the best chance of maximizing your personal injury award. 

What is the Deadline for Pursuing Economic Damages in Oregon?

Oregon has statutes of limitations in personal injury claims. Typically, you will have two years to file an injury lawsuit to recover damages related to an accident. Wrongful death claims have a three-year deadline. 

If you fail to file your claim by the deadline, you will be barred from pursuing economic (or non-economic) damages. That’s why it’s important to get started on your claim as soon as possible after your accident.

Contact Tillmann Law to Schedule a Free Consultation to Discuss Your Case

You shouldn’t have to bear the financial costs of an accident you didn’t cause. The at-fault party should compensate you for your damages — and put you in the position you were in before your injuries. 

Our Portland personal injury lawyers at Tillmann Law Personal Injury Lawyers can help you recover full compensation for your losses. We have over a decade of experience in personal injury and insurance law. We’ve recovered millions to date.

Contact or call us at (503) 272-8986 to schedule a free consultation to discuss your case.

Justin Vieth
Justin Vieth
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Shimmeri Selph
Shimmeri Selph
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Don't waste your time.
Alan Rogers
Alan Rogers
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Thanks Aaron, we truly appreciate everything you have done for us.I know that I was a handful early on, but you handled it with a deft touch and ultimately proved yourself to be a great advocate for our family none the less.Thanks so much Bud!You have my eternal respect and gratitude.
Tim Cheredayko
Tim Cheredayko
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Tillmann helped me out a lot! Going over ever detail with the case from both sides and always informing me what is going to happen through out the case. Definitely recommend Tillmann Law!
A B
A B
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Rude. Classist. The receptionist needs some manners. Actually hung up when told was a low income family.
Justin W
Justin W
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I had the pleasure of working with Aaron and his team over the course of the last year. They were very professional and responsive. Dealing with injuries can be dreadful, but Aaron made it as painless as possible. I highly recommend.
Bonnie Thorn
Bonnie Thorn
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Aaron Tillmann and his entire staff were professional, empathetic and very knowledgeable. They assisted our family at a time when we were grieving the loss of our son with compassion and respect.
Tina Rutledge
Tina Rutledge
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Arisbet Bustos
Arisbet Bustos
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I am very grateful and pleased with the services of Lawyer Aaron and his team work, especially Julia, who was always attentive to my concerns and resolved my doubts with a good attitude and empathy, and best of all, she speaks Spanish. Thank you so much!!!
Ken Pollett
Ken Pollett
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I was involved in a serious auto accident. Not that there is a good time to be in any accident, it just happened to be 2020. Tillman Law and support staff kept me in the loop as the court system was disarray with all the Covid issues. The staff was very professional and courteous. In a nutshell, they took care of me.
Jordan Bedrick
Jordan Bedrick
1682367951
My husband was in a bad car accident a few years back, and he was stopped due to traffic. He was behind a fuel truck, and someone rear-ended him, going 60mph. The worst part was our 6 mo old was in our and the truck was totaled beyond repair and my husbands back injured severly he ended up with 2 broken vertebrae. Our child had ptsd any time getting into a vehicle after that. Tillman made this right even though we couldn't do much for our son other comfort him and make car rides more comfortable from there on out Tillman was able to get my husband the money he deserved after the other driver was extremely negligent and either not paying attention or on his phone or something unfortunately this was during covid and when the police came they didnt do a single thing to check for any of that. We can't say enough good things about Aaron Tillman he gave us our hope back and the ability to have back surgery to repair a lot of his back issues due to the car wreck. So if you have been in an accident definitely call Tillman Law they're amazing super professional, kind and empathetic beings who will work for the best possible outcome for your case and fight they won't just roll over and play dead they spent about 2.5 years on my husbands case never giving up. He was always super honest with my husband and always communicated everything. So again, thank you, Aaron Tillman, and thank you to your law firm for working so tirelessly. We appreciate it more than you know.
Cassie Kocker
Cassie Kocker
1679485024
Aaron is great. He is professional and personable which makes you feel cared about during the process. He will provide advice and resources so that the process is smooth and renders positive results. I highly recommend!
Michael Darling (Mike Rich)
Michael Darling (Mike Rich)
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Still working with them to this day! Great firm great people. Much recommend
Brittany Sloan
Brittany Sloan
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I can’t recommend Tillman Law enough. We were in a sticky situation from a car accident in December and my partner was out of work for over a month. Aaron told us we may not be able to get those lost wages, but he would definitely try to fight the insurance for them and even then we might not see the money for a long time. It’s only been 3 1/2 months since the accident and we just got our lost funds today. Tillman Law was quick, efficient, and made this entire situation much less painful. I appreciate everything they’ve done for us.
Hazel Ault
Hazel Ault
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Jennifer nelson
Jennifer nelson
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Great experience
Oksana Pavlenko
Oksana Pavlenko
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Really pleased with my experience at Tillmann Law. Mr. Tillmann and his team were on top of my case, worked hard to answer any questions I had and finished my case in a timely manner. I was really happy with the outcome . Thank you!
Robert Swanson
Robert Swanson
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Tucker Earp
Tucker Earp
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Linette Figueroa
Linette Figueroa
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Mr. Tillman took care of my care seamlessly! He immediately hopped on my case immediately and guided me through the entire process. His team is professional, organized and well-resourced! He even went back to ensure the settlement was beyond fair. If you want someone who will fight tooth and nail on your behalf- Mr. Tillman is your lawyer!
Robert Aley
Robert Aley
1634841379
I am so happy to promote Aaron and his team. They did such an amazing job handling my case. Call them if you need service. I called him when I first needed help with my accident and he called me back within five minutes. This team is so great! I am so happy to have worked with them.
Teresa Ochoa
Teresa Ochoa
1633214433
Mr. Tillmann and his paralegal Jason were fantastic to work with! They were always available to answer my questions in a timely manner and delivered a very good outcome after I was rear ended. I would recommend their services to anyone.
Roro Roro
Roro Roro
1631419364
Amazing team at the Tillman Law, LLC . His work speaks for it self. Thank you for being professional and above all understanding to different people. God bless everyone that works there .
Mercury Nightstone
Mercury Nightstone
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Aaron and his staff, especially Jason, were all extremely courteous, timely, and professional. Highly recommend, truly appreciate your hard work!
Danielle Martin
Danielle Martin
1627923620
The Tillman Law Firm is amazing! I have been very pleased with everyone that I came in contact with concerning my case. They filed the case against the insurance company and fought hard in litigation to get what rightfully was taken from me. I would highly recommend them, they are the best in the Portland metro area!
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