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 if you suffer a serious injury.
There are personal injury lawyer fall river of ways to get compensated for your injuries. This includes economic damages as well as non-economic damages like pain and suffering.
Economic Damages
When you suffer an injury because of the negligence of someone else You are entitled to financial compensation. This compensation is meant to assist you in regaining the lifestyle you had prior to your injury.
In personal injury cases, there are two types of damages that you can get: non-economic and economic. The first is designed to compensate you for financial losses caused by the accident, whereas the latter is designed to compensate you for the emotional trauma that your injury has caused.
In many instances the court or jury will award a victim damages to pay for their lost wages, medical bills and rehabilitative care and property damage costs like repair and replacement. The damages in this category can be documented by receipts, bills, and pay stubs.
A defendant's reckless behavior could result in different economic losses. These include:
- Loss in Earning Capacity
When a victim is injured, their earning capacity may be severely affected. They may have to take a lower-paying position or even become permanently disabled.
Future earning capacity
This can be a challenging factor to calculate since it depends on the age, industry and trend of a person's career at the time of the accident. A person could be young and have a career that is growing, or they may be 58 years old and have a full retirement plan in front of them.
Past Capacity for Earning
This poses a challenge for juries as it requires a detailed analysis of the victim's past employment and the potential earnings for the future. A victim could be a recent college graduate who has a career in engineering.
- The victim may be unable to earn a living as well as other expenses such as medical bills, car repairs or out of pocket expenses for medication and therapy.
In the end, these expenses can add up to a significant amount of money. To get a fair settlement take all of the expenses.
There are a variety of factors that affect the exact amount of your economic damages, and it is important to consult with an experienced personal injury attorney who understands how damages can be determined and granted. Your lawyer can provide you with a comprehensive list of all your present and future economic losses, as well as enlist the help of experts who can establish an approximate value on these damages for the purpose of calculating your compensation.