Personal Injury Compensation - How to Get the Compensation You Need
When you are injured in an accident, it is normal to be worried about your finances. This is especially true when your injuries are serious.
There are many ways to recover compensation for your injuries. These include economic damages and non-economic damages like pain and suffering.
Economic Damages
Financial compensation is available to anyone who has been injured as a result of the negligence of another party. This compensation is intended to aid you in recovering from your injuries and get back to the level you enjoyed prior to injury living.
There are two kinds of damages that can be awarded in
personal injury cases which are economic damages and non-economic damages. The former is meant to compensate you for financial damages resulting from the accident, whereas the latter is designed to pay for the emotional hardships that your accident has caused.
A judge or jury could award economic damages to victims in a number of instances. This includes lost wages and rehabilitation expenses, medical bills as well as property damage costs such as repair and replacement. The damages in this category are specific in that it may be documented using receipts as well as pay stubs, bills and receipts.
A defendant's negligent conduct can lead to a number of different economic loss. These losses include:
Loss of Earning Capacity
When a person is injured their earning capacity could be significantly affected. They could be forced work at a lower wage or even be permanently disabled.
Future earning capacity
This is a difficult factor to estimate because it depends on the victim's age, the industry and the current trend at the moment of the accident. One person might be young and have a promising job, or they might have a retirement plan.
Past Earning Capacity
This is a problem for jurors because it requires a thorough examination of the victim's past employment and potential future earnings. A victim could be a recent college graduate who has a career in engineering.
- The victim may have lost their wages in addition to other expenses like medical bills, car repairs, or out-of-pocket costs for medication and therapy.
In the end, these costs can total a significant amount of money. To obtain a fair settlement make sure you add all these costs together.
There are a myriad of factors which determine the exact amount of your economic damages, so it is important to consult with an experienced
personal injury lawyers injury attorney who understands how damages can be calculated and determined. Your lawyer will give you a list of all your current and future economic losses and will also solicit the help of experts who can assign an approximate value on these losses in the course of making your compensation.