Any settlement you agree to should be designed to cover all expenses and losses stemming from your auto accident. A victim could be awarded compensatory damages, which are usually a combination of economic damages and non-economic damages. Economic damages refer to objective costs a victim has incurred or will incur, such as medical bills, lost income, and property damage. On the other hand, non-economic damages are much more subjective and involve awards like pain and suffering, loss of consortium, and disfigurement.