Personal Injury Compensation - How to Get the Compensation You Need
When you are involved in an accident it is normal to be worried about your financial situation. This is especially true if you are involved in an accident that causes serious injuries.
There are many ways to recover compensation for your injuries. These include economic and non-economic damages , such as pain and suffering.
Economic Damages
When you suffer an injury due to negligence by another party you are entitled to financial compensation. This compensation is meant to help you return to your life prior to injury.
There are two kinds of monetary damages that can be granted in personal injury cases that are: economic damages and non-economic damages. The first is to compensate for the financial losses incurred as a result of the accident while non-economic damages are meant to compensate you for your emotional burdens.
A judge or jury can award economic damages to victims in a variety of instances. This includes lost wages, rehabilitation costs, medical bills, and property damage costs such as repair and replacement. This type of damage is concrete in that it can be documented with receipts or pay stubs, as well as bills.
A defendant's reckless behavior could cause different economic loss. These losses include:
Loss in Earning Capacity
When a person is injured their earning capacity could be severely affected. They may have to accept a lower-paying job or become permanently disabled.
Future earning capacity
This is a difficult factor to determine since it depends on the age, the industry and the trend of a victim's career at the moment of the accident. One person may be young and have a promising job, or they could have a retirement plan.
Past Earning Capacity
This is a problem for jurors since it requires a thorough analysis of the victim's history of employment and future earnings. For instance, a person could be a recent grad with a promising career path in engineering.
- In addition to lost wages, the victim may be facing other expenses such as medical bills, car repairs or even out-of pocket expenses for medication or therapy.
These expenses can add up to a substantial amount of money. To get personal injury law firm modesto make sure you add all the expenses.
There are many variables that impact the amount of your economic damages. It is important to consult a skilled personal injury lawyer who can assist you in understanding how these damages can be calculated and awarded. Your attorney will provide you with a complete list of all your current and future economic losses, and also solicit the help of experts who can put an approximate value on these losses for the purpose of making your compensation.