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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 especially true when you're the victim of a serious injury.
There are many options to obtain compensation for your injuries. These include economic damages as well as non-economic damages such as pain and suffering.
Economic Damages
Financial compensation is available to anyone who has suffered injuries due to the negligence of a third party. This compensation is intended to assist you in regaining the way you were prior to the injury.
There are two types of monetary damages that can be awarded in personal injury cases: economic damages and non-economic damages. The first is to compensate for the financial losses incurred due to the accident, while non-economic damages are intended to compensate you for your emotional burdens.
personal injury law firm miramar or jury could award economic damages to victims in many instances. This includes lost wages and rehabilitation costs, medical bills and property damage expenses such as repair and replacement. This kind of damage is tangible in that it can be documented with receipts, bills and pay stubs.
A defendant's reckless behavior could result in different economic loss. These losses include:
Loss in Earning Capacity
A person who is injured may be less able to earn following an injury. They could be forced to work at a lower wage 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 might be young and their career that is on the rise, or they could be 58 and have a full retirement plan.
Past Earning Capacity
This is also jurors' difficulties in that it requires a thorough analysis of the victim's previous work experience and the potential for future earnings. For instance, a defendant could be a recent grad with a promising career path in engineering.
The victim could have lost their income in addition to other expenses such as medical bills, car repairs or out-of-pocket expenses for medication and therapy.
In the end, these costs can add up to a significant amount of money. In order to get a fair settlement to settle the case, you must add all of these expenses.
There are a variety of factors which determine the exact amount of your economic damage, which is why it's important to consult with an experienced personal injury lawyer who understands how these damages are determined and given. Your lawyer can provide you with a comprehensive list of all of your economic losses and help you find experts who can assign a dollar amount to these damages to determine your compensation.