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Personal Injury Compensation - How to Get the Compensation You Need
It is normal to be concerned about your finances when involved in an accident. This is particularly true if your injuries are serious.
There are a variety of ways to get compensation for your injuries. These include economic damages as well as non-economic damages such as pain and suffering.
Economic Damages
If you sustain an injury due to the negligence of another, you should be entitled to financial compensation. This compensation is intended to help you get back to the lifestyle you had prior to your injury.
There are two types of damages monetary that can be awarded in personal injury cases including economic damages as well as non-economic damages. The first is to pay for the financial loss you suffered due to the accident, and non-economic damages are intended to compensate for emotional pain.
A judge or jury could award economic damages to victims in many cases. personal injury attorney cambridge can include lost wages, rehabilitation expenses, medical bills as well as property damage costs such as repair and replacement. This category of damages can be documented with receipts, bills, and pay stubs.
A defendant's negligence can cause different economic loss. These losses include the following:
- Loss in Earning Capacity
A victim could be unable to earn as much following an injury. They could be forced to take a lower-paying position or even become permanently disabled.
Future earning capacity
This is a difficult factor to determine since it is based on the age, industry and trend of a victim's career at the time of the accident. A person could be young and their career that is on the rise, or they may be 58 years old and have a complete retirement plan.
- Past Earning Capacity
This also presents a challenge for juries because it requires a thorough investigation of the victim's employment history and the possibilities for future earnings. For example, a victim could be a recent grad with a promising career path in engineering.
The victim could have lost their wages along with other expenses like medical bills, car repairs, or out of pocket expenses for medication and therapy.
In the end, these expenses will total a significant amount of money. Add all of these costs to figure out what your economic damages might be will help you get an equitable settlement.
There are a myriad of factors which determine the exact amount of your financial damage, which is why it's important to consult with an experienced personal injury attorney who is aware of how these damages are calculated and awarded. Your lawyer will be able to provide you with a list of all your current and future economic losses, and will also solicit experts who can place an amount of money on these losses for the purpose of formulating your compensation.