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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 be worried about your finances. This is especially true if you're the victim of a serious injury.
There are many options to get compensation for your injuries. These include economic and non-economic damages such as pain and suffering.
Economic Damages
If you suffer an injury due to the negligence of another, you should be entitled to financial compensation. This compensation will assist you in recovering from your injuries and get back to your pre-injury standard of living.
There are two kinds of damages that can be granted in personal injury cases: economic damages and non-economic damages. The first is designed to compensate you for the financial losses caused by the accident, while the latter is designed to compensate you for the emotional pain that your accident has caused.
In many cases a judge or jury will award a victim economic damages to cover their lost wages, medical expenses and rehabilitation care along with the cost of property damage, like repair and replacement. This kind of damage is tangible in that it can be documented using receipts as well as pay stubs, bills and receipts.
A defendant's negligence can result in different economic loss. These include:
- Loss in Earning Capacity
When a person is injured their earning capacity could be severely affected. They could be forced find a job that pays less or even be permanently disabled.
Future Earning Capacity
This aspect can be difficult to calculate as it depends on the victim's age and profession and the trend at the time of the incident. A person may be young and have a promising career, or they could have a retirement plan.
Past Capacity to Earn
This presents a challenge to jurors since it requires an in-depth analysis of the victim's work history and potential future earnings. A victim could be a recent college graduate with an engineering career.
motorcycle injury lawyer near me could have lost their earnings in addition to other costs like medical bills, car repairs or out of pocket expenses for medication and therapy.
These expenses can add up to a significant amount of money. Adding up all these expenses to determine what your economic damages might be will allow you to get an appropriate settlement.
There are many factors which affect the amount your economic damages. It is essential to consult an experienced personal injury lawyer who will help you understand how these damages can calculated and given. Your lawyer can provide you with a detailed list of all of your economic losses and assist you in identifying experts who can assign a dollar amount to these damages to determine your compensation.
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