personal injury attorneys Injury Compensation - How to Get the Compensation You Need

It is normal to worry about your finances when you are involved in an accident. This is particularly true if your injuries are serious.

There are many ways to receive compensation for your injuries. These include economic damages and non-economic damages, like pain and suffering.

Economic Damages

Financial compensation is available to anyone who has been injured by the negligence of another party. This compensation is intended to help you return to your life prior to injury.

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

In many cases, a jury or judge will award a victim economic damages to make up for their lost wages, medical bills and rehabilitation care along with property damage costs such as repair and replacement. The damages in this category are real in the sense that it can be documented with receipts and pay stubs.

A defendant's reckless behavior could result in different economic loss. The losses can include the following:

- Loss in Earning Capacity

When a person is injured their earning capacity could be significantly affected. They may be forced to accept a lower paying job or become permanently disabled.

Future earning capacity

This is a difficult measure as it is based on the age, the industry and the trend of the victim's profession at the time of the accident. One person may be young and have a promising career or they might have an retirement plan.

Past Earning Capacity

This is also jurors' difficulties in that it requires a thorough analysis of the victim's past job and the possibility for future earnings. For instance, a victim could be a recent grad with a promising career path in engineering.

- The victim may be unable to earn a living in addition to other costs like medical bills, car repairs or out-of-pocket expenses for medication and therapy.

In the end, these expenses can add up to an enormous amount of money. To settle a fair amount to settle the case, you must add all of these expenses together.

There are many variables that influence the amount of your economic damages. It is important to speak with a seasoned Personal Injury Law Firm injury lawyer who can assist you in understanding how these damages are calculated and awarded. Your lawyer can provide you with a detailed list of the totality of your losses and help you to identify experts who can assign a value to these losses in order to calculate your compensation.