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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 worried about your financial situation. This is especially true when the injuries you sustained are severe. There are ways to get compensated for your injuries. These include both economic and non-economic losses, like pain and suffering. Economic Damages If you suffer an injury because of negligence by another party, you should be entitled to financial compensation. The purpose of this compensation is to help you get back to your life prior to injury. There are two types of damages that can be granted in personal injury cases including economic damages as well as non-economic damages. The former is meant to compensate you for monetary losses resulting from your accident, while the second is designed to compensate you for the emotional burdens your injury has caused. A judge or jury could award economic damages to victims in numerous instances. This includes lost wages as well as rehabilitation costs, medical bills and property damage expenses like repair and replacement. This type of damage is concrete in that it can be documented with receipts, bills and pay stubs. A defendant's negligent behavior can lead to a number of different economic loss. personal injury attorney hawthorne include : Loss in Earning Capacity A victim may suffer a lower earning capacity following an injury. They could be forced find a job that pays less or even be permanently disabled. Future earning capacity This is a difficult aspect to assess since it is based on the nature, age, and trends of the victim's profession at the moment of the accident. One person might be young and are in a promising profession, or they may have an retirement plan. Past Earning Capacity This presents a challenge to jurors as it requires a detailed analysis of the victim's history of employment and the potential earnings for the future. For instance, a person might be a recent graduate with a promising career path in engineering. In addition to the loss of wages, the victim might be facing other expenses such as medical bills, car repairs and even out-of-pocket costs for medication or therapy. These expenses can be significant and can add up to an amount of money. To obtain a fair settlement make sure you add all the expenses. There are numerous factors that affect the amount of your economic damages. It is crucial to consult an experienced personal injury lawyer who will help you understand how these damages can be calculated and given. Your lawyer can provide you with a comprehensive list of all your current and future economic losses as well as enlist experts who can establish an approximate value on these losses in the course of formulating your compensation.