Personal Injury Compensation - How to Get the Compensation You Need
It is normal to be concerned about your finances when in an accident. This is especially true when you suffer serious injury.
There are many options to claim compensation for your injuries. This includes economic and non-economic damages such as suffering and pain.
Economic Damages
If you are injured as the result of another person's negligence you are entitled to financial compensation. This compensation will aid you in returning to the lifestyle you had prior to your injury.
In personal injuries, there are two types of financial damages you could get: non-economic and economic. The former is intended to compensate you for financial losses caused by the accident, while the second is designed to compensate you for the emotional pain that your injury has caused.
In many cases the court or jury will award the victim with economic damages to cover their lost wages, medical expenses and rehabilitation care and property damage costs such as repair and replacement. This kind of damage is documented with bills, receipts, and pay stubs.
A defendant's negligence can result in different economic losses. These include:
Loss in Earning Capacity
A victim may suffer a lower earning capacity after being injured. They could be forced take a lower paying job or even be permanently disabled.
- personal injury law firm pennsylvania can be a challenging measure as it is dependent on the age, the industry and the trend of the victim's job at the time of the accident. One person could be young and are in a promising profession, or they may have an retirement plan.
Past Earning Capacity
This presents a challenge for juries as it requires a thorough examination of the victim's employment history and future earnings. For instance, a defendant might be a recent graduate with a promising career in engineering.
- In addition to lost wages, the victim might have faced other costs such as medical bills, car repairs and even out-of-pocket costs for medication or therapy.
These expenses can add up to a significant amount of money. To settle a fair amount make sure you add all these expenses.
There are a variety of factors which affect the amount your economic damages. It is important to consult a skilled personal injury lawyer who will help you understand how these damages can calculated and given. Your lawyer will provide you with a list of all your current and future economic losses, and also seek the help of experts who can put a dollar value on these damages in the process of calculating your compensation.