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personal injury litigation injury law (Full Statement) Injury Compensation - How to Get the Compensation You Need
It is normal to be concerned about your finances when in an accident. This is especially true when the injuries you sustained are severe.
There are a variety of ways to obtain compensation for your injuries. This includes both economic and non-economic damages such as suffering and pain.
Economic Damages
When you suffer an injury due to the negligence of another, you should be entitled to financial compensation. This compensation is designed to help you recover from your injuries and get back to the same standard of living.
In personal injury compensation injuries, there are two types of financial damages you could receive: non-economic and economic. The former is designed to compensate you for financial losses caused by the accident, Personal Injury Law whereas the latter is designed to pay for the emotional trauma that your injury has caused.
A judge or jury may award economic damages to victims in a number of instances. This can include lost wages as well as rehabilitation, medical bills and property damage expenses like repair and replacement. This category of damages is documented with receipts, bills, and pay stubs.
A defendant's negligence can cause different economic loss. The losses can include the following:
- Loss of Earning Capacity
A victim could be unable to earn as much after being injured. They could be forced to take a lower-paying position or Personal injury Law be permanently disabled.
- Future Earning Capacity
This is a difficult factor to determine since it is based on the nature, age, and trends of a person's career at the moment of the accident. One person could be young and have a promising job, or they could have an retirement plan.
Past Capacity to Earn
This poses a challenge for juries to consider, since it requires a thorough analysis of the victim's past employment history and the possibilities for future earnings. A victim may be a recent graduate with an engineering career.
In addition, to the loss of wages, the victim might be facing other expenses such as medical bills, car repairs, and even out of pocket expenses for therapy or medication.
These expenses can amount to a substantial amount of money. Compiling all these expenses to determine the extent of your economic losses could be will allow you to get an appropriate settlement.
There are a variety of factors that go into determining the exact amount of your financial damages, so it is important to consult with an experienced personal injury law injury attorney who knows how these damages can be determined and granted. Your attorney will provide you with a list of all your current and future economic losses, and also solicit experts who can put an approximate value on these losses in the course of making your compensation.
