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 particularly true if you suffer a serious injury.
There are a variety of ways to get compensation for your injuries. These include both economic and non-economic damages like pain and suffering.
Economic Damages
Financial compensation is available to those who have been injured by the negligence of another party. This compensation will help you return to your pre-injury lifestyle.
There are two types of monetary damages that can be granted in personal injury cases that are: economic damages and non-economic damages. The first is to compensate for your financial losses as a result of the accident while non-economic damages are meant to compensate for your emotional pain.
In many cases a judge or jury will award a victim economic damages to compensate for their lost wages, medical bills as well as rehabilitation services as well as the cost of property damage, like repair and replacement. personal injury law firm pittsburgh of damage is concrete in that it can be documented with receipts and pay stubs.
Unfortunate behavior by a defendant can result in a variety of economic losses. These losses include :
- Loss of Earning Capacity
When a person is injured their earning capacity could be severely affected. They could be forced find a job that pays less or even permanently disabled.
Future earning capacity
This is a difficult measure as it depends on the nature, age, and trends of the victim's profession at the moment of the accident. A person may be young and have a promising career, or they may have an retirement plan.
- Past Earning Capacity
This presents a challenge to juries as it requires a thorough examination of the victim's work history and potential future earnings. A victim could be a recent college graduate with a career in engineering.
- The victim may be unable to earn a living in addition to other costs such as medical bills, car repairs or out of pocket expenses for medication and therapy.
These expenses can add up to a significant amount of money. Adding up all these expenses to figure out what your economic losses might be can help you obtain an acceptable settlement.
There are a variety of factors which determine the exact amount of your financial damages, which is why it is important to consult with an experienced personal injury attorney who is aware of how these damages can be determined and granted. Your lawyer will provide you with a list detailing all your economic losses and help you find experts who can assign a value to these damages in order to determine your compensation.