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Personal Injury Compensation - How to Get the Compensation You Need
If you're involved in an accident, it is normal to worry about your finances. This is especially true when you are involved in a serious injury.
There are many options to receive compensation for your injuries. These include both economic and non-economic damages like suffering and pain.
Economic Damages
If you sustain an injury due to negligence by another party, you should be entitled to financial compensation. This compensation is designed to help you recover from your injuries and get back to the level you enjoyed prior to injury living.
There are personal injury lawyer pasadena of monetary damages that can be awarded in personal injury cases including economic damages as well as non-economic damages. The former is intended to compensate you for the financial losses caused by the accident, while the latter is designed to compensate you for the emotional burdens your injury has caused.
A judge or jury could award economic damages to victims in many instances. This includes lost wages as well as rehabilitation, medical bills, and property damage costs such as repair and replacement. The damages in this category are concrete in that it can be documented through receipts as well as pay stubs, bills and receipts.
Negligent behavior by a defendant can result in a variety of economic losses. These losses include the following:
Loss of Earning Capacity
When a person is injured, their earning capacity may be severely affected. They may 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, the industry and trends at the time of the accident. One person could be young and have a promising career, or they may have a retirement plan.
- Past Earning Capacity
This presents a challenge to jurors because it requires a thorough analysis of the victim's work history and future earnings. A victim could be a recent graduate with a technical career.
In addition to the loss of wages, the victim could be facing other expenses like medical bills, car repairs and even out-of-pocket expenses for therapy or medication.
These expenses can add up to a substantial amount of money. Compiling all these expenses to determine what your economic losses might be can help you obtain a fair settlement.
There are many variables that influence the amount of your economic damages. It is important to consult a skilled personal injury lawyer who will help you understand the way these damages are calculated and determined. Your lawyer can provide you with a detailed list of the totality of your losses and help you find experts who can assign a dollar value to these damages in order to calculate your compensation.