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Personal Injury Compensation - How to Get the Compensation You Need
When you are injured in an accident, it is normal to worry about your finances. This is particularly true if you are involved in a serious personal injury lawyer.
Fortunately, there are ways to be compensated for your injuries. These include economic and non-economic damages such as suffering and pain.
Economic Damages
If you sustain an injury because of negligence by another party you are entitled to financial compensation. The purpose of this compensation is to aid you in returning to your pre-personal injury attorneys lifestyle.
In personal injury legal injuries there are two kinds of monetary damages you can receive: non-economic and economic. The former is meant to compensate you for the financial loss resulting from the accident, while the latter is designed to compensate you for the emotional hardships that your injury has caused.
In many cases, a jury or judge will award a victim damages to pay for their lost wages, medical bills and rehabilitative treatment along with property damage costs such as repair and replacement. This category of damages can be documented by bills, Personal Injury Compensation receipts and pay stubs.
A defendant's negligent behavior could result in a range of economic losses. These losses include the following:
- Loss of Earning Capacity
If a victim suffers an injury their earning capacity could be significantly affected. They could be forced take a lower paying job or even permanently disabled.
- Future Earning Capacity
This aspect can be difficult to estimate because it depends on the victim's age, industry and trends at the time of the incident. A person could be young and have a career that is on the rise or they may be 58 years old and have a complete retirement plan.
Past Capacity to Earn
This also comes with jurors' challenges to consider, since it requires a thorough examination of the victim's past employment history and the possibilities for future earnings. For instance, a victim could be a recent graduate with a promising career in engineering.
- In addition to lost wages, the victim may have had other expenses such as medical bills, car repairs, and even out-of-pocket costs for medication or therapy.
These expenses can add up to a substantial amount of money. Adding up all these expenses to determine what your financial damages could be will help you receive an appropriate settlement.
There are a myriad of factors that affect the exact amount of your financial damages, which is why it is essential to speak with an experienced personal injury lawyer who knows how these damages are determined and given. Your lawyer will provide you with a comprehensive list of the totality of your losses and help you find experts who can assign a dollar value to these damages to determine your compensation.