Personal Injury Compensation - How to Get the Compensation You Need
If you're injured in an accident, it is normal to be concerned about your finances. This is especially true if the injuries you sustained are severe.
There are ways to be compensated for your injuries. These include economic damages as well as non-economic damages such as pain and suffering.
Economic Damages
Financial compensation is open to all who have suffered injuries due to the negligence of another party. This compensation will aid you in recovering from your injuries and get back to the standard you had prior to your injury living.
There are two types of monetary damages that can be granted in personal injury cases that are: economic damages and non-economic damages. The former is designed to compensate you for monetary losses caused by the accident, while the latter is designed to pay for the emotional pain that your injury has caused.
A judge or jury can award economic damages to victims in a variety of cases. This includes lost wages or medical bills, rehabilitation care as well as property damage costs such as repair and replacement. This kind of damage can be documented through receipts, bills, and pay stubs.
Negligent behavior by a defendant can result in a wide range of economic losses. These losses include:
Loss of Earning Capacity
If a victim suffers an injury, their earning capacity may be severely affected. personal injury lawyer burbank might be forced to work at a lower wage or even permanently disabled.
Future Earning Capacity
This can be a challenging factor to determine since it is contingent on the age, industry and trend of a victim's career at the time of the accident. A person may be young and have a promising career, or they may have an retirement plan.
Past Capacity to Earn
This poses a challenge for jurors since it requires a detailed analysis of the victim's employment history and the potential earnings for the future. For example, a victim could be a recent graduate with a promising career in engineering.
- The victim may have lost their income in addition to other costs such as medical bills, car repairs or out of pocket expenses for medication and therapy.
In the end, these expenses will add up to an enormous amount of money. To settle a fair amount, add all of the expenses.
There are many variables that go into determining the exact amount of your financial damages, so it is important to consult with an experienced personal injury attorney who understands how damages are calculated and awarded. 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 to calculate your compensation.