Personal Injury Compensation - How to Get the Compensation You Need
It is normal to worry about your finances when you are involved in an accident. This is especially true if your injuries are severe.
There are many options to obtain compensation for your injuries. This includes economic and non-economic damages such as pain and suffering.
Economic Damages
If you suffer an injury because of the negligence of another You are entitled to financial compensation. This compensation is intended to assist you in regaining your life prior to injury.
In personal injury cases there are two kinds of financial damages you could receive: non-economic and economic. The former is intended to compensate you for financial damages resulting from the accident, while the latter is designed to pay for the emotional burdens your injury has caused.
A judge or jury could award economic damages to victims in a number of cases. This can include lost wages or rehabilitation expenses, medical bills, and property damage costs like repair and replacement. This type of damage is concrete in that it can be documented using receipts as well as pay stubs, bills and receipts.
personal injury law firm arizona by a defendant can result in a variety of economic losses. These losses include:
Loss in Earning Capacity
A victim could have a reduced earning capacity after being injured. They may be forced to work at a lower wage or even be permanently disabled.
Future earning capacity
This can be a challenging factor to calculate since it is dependent on the nature, age, and trends of the victim's profession at the moment of the accident. A person might be young and have a career that is on the rise or they might be 58 and have a full retirement plan ahead of them.
- Past Earning Capacity
This presents a challenge to jurors since it requires a detailed analysis of the victim's employment history and future earnings. A victim could be a recent college graduate with an engineering career.
- The victim may be unable to earn a living in addition to other expenses such as medical bills, car repairs or out-of-pocket expenses for medication and therapy.
These expenses can amount to a substantial amount of money. Adding up all these expenses to determine what your financial damages could be will help you get an acceptable settlement.
There are numerous factors that influence the amount of your economic damages. It is important to speak with a seasoned personal injury lawyer who will help you understand the way these damages are calculated and be awarded. Your lawyer can provide you with a comprehensive list of all your current and future economic losses and also seek experts who can place the value of these losses for the purpose of making your compensation.