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 serious.
There are many ways to obtain compensation for your injuries. These include economic damages and non-economic damages like pain and suffering.
Economic Damages
If you are injured due to the negligence of another you are entitled to financial compensation. This compensation will aid you in recovering from your injuries and return to your pre-injury standard of living.
There are two kinds of damages that can be granted in personal injury cases including economic damages as well as non-economic damages. The former is designed to compensate you for financial losses caused by the accident, 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 many cases. This can include lost wages or rehabilitation expenses, medical bills and property damage expenses like repair and replacement. This type of damage can be documented with bills, receipts, or pay stubs.
A defendant's negligent behavior could result in a range of economic losses. The losses can include the following:
- Loss in Earning Capacity
A person who is injured may suffer a lower earning capacity after being injured. They could be forced to take a lower paying job or even permanently disabled.
- Future Earning Capacity
This aspect can be difficult to determine because it is contingent on the victim's age, industry and the trend at the time of the accident. A person may be young and have a promising career, or they might have a retirement plan.
Past Earning Capacity
This also comes with jurors' challenges, as it requires a thorough examination of the victim's work experience and the potential for future earnings. For instance, a victim could be a recent grad with a promising career path in engineering.
In addition, to the loss of wages, the victim may have incurred other expenses like medical bills, car repairs and even out-of-pocket expenses for medication or therapy.
In the end, these costs will add up to a significant amount of money. Compiling all these expenses to figure out the extent of your economic losses could be will help you receive an acceptable settlement.
There are personal injury lawsuit mesa which determine the exact amount of your economic damages, which is why it is important to speak to an experienced personal injury lawyer who knows how these damages are determined and awarded. Your lawyer will provide you with a list detailing all your economic losses and help you find experts who can assign a dollar value to these damages in order to determine your compensation.