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 financial situation. This is especially true if your injuries are serious.

There are a variety of ways to obtain compensation for your injuries. This includes economic and non-economic losses, like pain and suffering.

Economic Damages

If you sustain an injury due to the negligence of another, you should be entitled to financial compensation. This compensation will aid you in recovering from your injuries and get back to the level you enjoyed prior to injury living.

There are two types of damages that can be awarded in personal injury cases: economic damages and non-economic damages. The former is meant to compensate you for monetary losses resulting from your accident, while the second is designed to compensate you for the emotional hardships that your accident has caused.

In many instances, a judge or jury will award a victim economic damages to compensate for their loss of wages, medical bills and rehabilitative care along with property damage costs such as repair and replacement. This type of damage is tangible in that it can be documented with receipts as well as pay stubs, bills and receipts.

A defendant's negligent conduct can cause different economic losses. These losses include:

Loss of Earning Capacity

If a victim is injured, their earning capacity may be severely affected. They could be forced to accept a lower paying job or even become permanently disabled.

Future Earning Capacity

This aspect can be difficult to determine since it relies on the victim's age and profession and the trend at the moment of the accident. A person could be young and have a career that is growing, or they might be 58 years old and have a full retirement plan in front of them.

Past Earning Capacity

This poses a challenge for jurors since it requires a detailed analysis of the victim's past employment and future earnings. A victim might be a recent graduate who has a career in engineering.

In addition to the loss of earnings, the victim could be facing other expenses such as medical bills, car repairs, and even out of pocket expenses for therapy or medication.

In the end, these costs can add up to a significant amount of money. To settle a fair amount take all of the expenses.

There are many variables that determine the exact amount of your financial damages, and it is essential to speak with an experienced personal injury attorney who understands how damages can be determined and granted. Your lawyer can provide you with a comprehensive list of all of your economic losses and help you identify experts who can assign a dollar value to these damages to determine your compensation.