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Why Personal Injury Lawyers Should Be Your Next Big Obsession
Personal Injury Compensation - How to Get the Compensation You Need

It is normal to be concerned about your finances when you are involved in an accident. This is especially true when your injuries are severe.

Fortunately, there are ways to receive compensation for your injuries. This includes economic damages as well as non-economic damages like pain and suffering.

Economic Damages

Financial compensation is available to anyone who has suffered injuries due to the negligence of a third party. This compensation will help you return to the way you were prior to the injury.

In personal injuries, there are two types of financial damages you could get: non-economic and economic. The former is designed to compensate you for the financial loss resulting from the accident, while the second is designed to pay for the emotional hardships that your accident has caused.

A jury or judge may award economic damages to victims in many instances. This includes lost wages as well as rehabilitation expenses, medical bills and property damage costs such as repair and replacement. This type of damage is documented with bills, receipts, or pay stubs.

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

Loss of Earning Capacity

A victim could suffer a lower earning capacity after an injury. They might be forced to find a job that pays less or even permanently disabled.

- Future Earning Capacity

This is a difficult factor to calculate as it depends on the victim's age, the industry and trends at the time of the accident. The person may be young and have a career that is on the rise, or they could be 58 and have a full retirement plan ahead of them.

personal injury law firm tyler Earning Capacity

This poses a challenge for juries to consider, since it requires a thorough examination of the victim's previous employment history and the possibilities for future earnings. A victim could be a recent graduate with a career in engineering.

- In addition to lost earnings, the victim could have incurred other expenses like medical bills, car repairs and even out of pocket expenses for therapy or medication.

These expenses can add up to a substantial amount of money. To get a fair settlement to settle the case, you must add all of these expenses together.


There are many variables that go into determining the exact amount of your financial damages, and it is important to speak to an experienced personal injury attorney who understands how these damages are determined and awarded. Your lawyer will provide you with a detailed list of the totality of your losses and help you find experts who can assign a dollar value to these losses in order to determine your compensation.

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