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Personal Injury Compensation - How to Get the Compensation You Need
If you're involved in an accident, it is normal to worry about your finances. This is particularly true if your injuries are serious.
There are ways to recover compensation for your injuries. These include economic damages and non-economic damages like pain and suffering.
Economic Damages
When you suffer an injury as the result of negligence by another party, you should be entitled to financial compensation. This compensation will aid you in returning to the lifestyle you had prior to your injury.
In personal injuries, there are two types of financial damages you could receive: economic and non-economic. The first is to pay for the financial loss you suffered as a result of the accident while non-economic damages are intended to compensate for your emotional suffering.
A jury or judge may award economic damages to victims in numerous cases. This can include lost wages or medical bills, rehabilitation care and property damage expenses such as repair and replacement. This category of damages is documented with bills, receipts, and pay stubs.
A defendant's negligent conduct can cause different economic losses. These losses include :
Loss in Earning Capacity
A victim may suffer a lower earning capacity after an injury. They could be forced to take a lower paying job or even be permanently disabled.
personal injury law firm costa mesa earning capacity
This is a difficult measure as it is based on the amount of time, industry, and the direction of a person's career at the time of the accident. A person may be young and have a promising career, or they could have an retirement plan.
Past Earning Capacity
This presents a challenge for jurors as it requires a detailed analysis of the victim's employment history and future earnings. For example, a victim could be a recent graduate with a promising career path in engineering.
- In addition to lost wages, the victim could be facing other expenses like medical bills, car repairs, and even out of pocket expenses for medication or therapy.
In the end, these expenses will total a significant amount of money. In order to get a fair settlement, add all of these expenses.
There are numerous factors which affect the amount your economic damages. It is important to consult with an experienced personal injury lawyer who can assist you in understanding how these damages can be calculated and awarded. Your attorney will provide you with a complete list of all your current and future economic losses, and also seek experts who can assign an approximate value on these losses for the purpose of making your compensation.