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Personal Injury Compensation – How to Get the Compensation You Need When you are injured in an accident, it is normal to worry about your financial situation. This is particularly true if you are involved in serious injury. There are a variety of ways to get compensation for your injuries. These include both economic and non-economic damages such as pain and suffering. Economic Damages Financial compensation is open to all who have been injured by the negligence of a third party. This compensation is designed to aid you in recovering from your injuries and return to the same standard of living. In personal injury cases, there are two types of monetary damages that you could get: non-economic and economic. The first is designed to compensate you for monetary losses caused by the accident, while the latter is designed to compensate you for the emotional trauma that your injury has caused. A judge or jury may award economic damages to victims in many instances. This includes lost wages or rehabilitation costs, medical bills as well as property damage costs such as repair and replacement. personal injury law firm salinas of damage can be documented through bills, receipts and pay stubs. A defendant's negligent behavior can result in different economic losses. These include: – Loss of Earning Capacity If a victim suffers an injury and unable to work, their earnings could be significantly affected. They could be forced accept a lower-paying job or become 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 job at the time of the accident. Someone could be young and their career that is on the rise, or they could be 58 years old and have a full retirement plan ahead of them. Past Capacity for Earning This presents a challenge to juries as it requires a thorough examination of the victim's past employment and potential future earnings. For example, a victim might be a recent graduate with a promising career in engineering. – In addition to lost wages, the victim could have incurred other expenses such as medical bills, car repairs and even out of pocket expenses for therapy or medication. In the end, these expenses will total a significant amount of money. In order to get a fair settlement, add all of these expenses together. There are a variety of factors that affect the amount of your economic damages. It is crucial to consult with an experienced personal injury lawyer who can assist you in understanding how these damages are calculated and awarded. Your lawyer can provide you with a list detailing the totality of your losses and help you to identify experts who can assign a dollar amount to these damages in order to determine your compensation.