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Personal Injury Compensation - How to Get the Compensation You Need

When you are involved in an accident it is normal to be concerned about your financial situation. This is particularly true if you're involved in a serious injury.

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

Economic Damages

When you suffer an injury as the result of negligence by another party you are entitled to financial compensation. This compensation is designed to help you recover from your injuries and get back to your pre-injury standard of living.

There are two types of financial damages that could be awarded in personal injury cases: economic damages and non-economic damages. The former is meant to compensate you for financial loss resulting from the accident, while the latter is designed to compensate you for the emotional pain that your injury has caused.

In many cases, a jury or judge will award the victim with economic damages to pay for their lost wages, medical expenses as well as rehabilitation services and property damage costs such as repair and replacement. This type of damage can be documented with receipts, bills, and pay stubs.

A defendant's negligent behavior can cause different economic loss. These losses include:

- Loss in Earning Capacity

If a victim suffers an injury the earning capacity of the victim could be significantly affected. They could be forced to take a lower paying job or even be permanently disabled.

- Future Earning Capacity

This is a difficult factor to determine since it is dependent on the age, industry and trend of a victim's career at the moment of the accident. Someone could be young and have a career that is on the rise or they may be 58 years old and have a complete retirement plan ahead of them.

Past Capacity for Earning

This also presents a challenge for juries in that it requires a thorough analysis of the victim's past job and the possibility for future earnings. For instance, a victim might be a recent graduate with a promising career path in engineering.

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

These expenses can amount to a substantial amount of money. To obtain a fair settlement take all of the expenses.

There are a myriad of factors that go into determining the exact amount of your economic damage, which is why it's important to speak to an experienced personal injury law firm injury lawyer who understands how damages are calculated and determined. Your lawyer will provide you with a list detailing the economic losses you have suffered and help you find experts who can assign a dollar amount to these losses in order to calculate your compensation.