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 when your injuries are serious.

There are a variety of ways to recover compensation for your injuries. These include economic damages and non-economic damages like pain and suffering.

Economic Damages

If you sustain an injury due to the negligence of another you are entitled to financial compensation. This compensation is intended to help you return to the lifestyle you had prior to your injury.

There are two types of damages monetary that can be granted in personal injury cases: economic damages and non-economic damages. The first is designed to compensate you for the financial losses caused by the accident, whereas the latter is designed to compensate you for the emotional pain that your accident has caused.

In many cases a judge or jury will award a victim economic damages to make up for their lost wages, medical expenses and rehabilitation care, along with damages to property, such as repair and replacement. This type of damage is specific in that it may be documented using receipts as well as pay stubs, bills and receipts.

Unfortunate behavior by a defendant can result in a wide range of economic losses. These losses include the following:

- Loss of Earning Capacity

A victim could suffer a lower earning capacity after being injured. They may have to accept a lower paying job or even become permanently disabled.

Future Earning Capacity

This is a difficult measure as it depends on the age, the industry and the trend of the victim's profession at the time of the accident. A person could be young and have a career that is on the rise or they might be 58 and have a full retirement plan.

- Past Earning Capacity

This is a problem for juries as it requires an in-depth analysis of the victim's work history and the potential earnings for the future. A victim could be a recent college graduate with a career in engineering.

- In addition to lost wages, the victim may be facing other expenses such as medical bills, car repairs and even out-of-pocket expenses for medication or therapy.

These expenses can amount to a substantial amount of money. Compiling all these expenses to determine what your economic losses might be will help you receive an acceptable settlement.

There are a variety of factors that impact the amount of your economic damages. It is essential to consult with an experienced Personal injury lawyers injury lawyer who can assist you in understanding how these damages can be calculated and determined. Your attorney will provide you with a list of all your current and future economic losses and Personal Injury lawyers will also solicit the assistance of experts who can establish an approximate value on these damages in the process of calculating your compensation.