Personal Injury Compensation - How to Get the Compensation You Need
It is normal to be concerned about your finances when in an accident. This is particularly true if your injuries are severe.
There are many options to obtain compensation for your injuries. These include economic damages as well as non-economic damages, like pain and suffering.
Economic Damages
Financial compensation is accessible to anyone who has been injured by the negligence of a third party. This compensation will aid you in returning to your pre-injury lifestyle.
In personal injuries, there are two types of damages that you can receive: economic and non-economic. The former is meant to compensate you for financial damages resulting from the accident, while the latter is designed to pay for the emotional pain that your injury has caused.
In many instances, a judge or jury will award the victim with economic damages to cover their loss of wages, medical bills and rehabilitation care along with the cost of property damage, like repair and replacement. This category of damages can be documented through bills, receipts, and pay stubs.
The negligent conduct of a defendant can result in a variety of economic losses. These losses include:
Loss in Earning Capacity
When a victim is injured the earning capacity of the victim could be severely affected. personal injury lawyer california could be forced to work at a lower wage or even be permanently disabled.
- Future Earning Capacity
This factor can be difficult to calculate as it depends on the victim's age, industry and the trend at the time of the accident. A person could be young and have a career that is growing, or they may be 58 and have a complete retirement plan in front of them.
Past Earning Capacity
This also comes with jurors' challenges to consider, since it requires an in-depth analysis of the victim's work experience and the potential for future earnings. For example, a victim could be a recent graduate with a promising career in engineering.
In addition, to the loss of wages, the victim might have faced other costs like medical bills, car repairs and even out of pocket expenses for therapy or medication.
These expenses can be significant and can add up to an amount of money. To settle a fair amount, add all of these costs together.
There are many variables that determine the exact amount of your economic damages, which is why it is crucial to consult an experienced personal injury lawyer who understands how damages can be determined and given. Your lawyer will provide you with a detailed list of all your economic losses and help you find experts who can assign a dollar amount to these losses in order to determine your compensation.