Personal Injury Compensation - How to Get the Compensation You Need
It is normal to be concerned about your finances when you are involved in an accident. This is particularly true if your injuries are severe.
There are many ways to claim compensation for your injuries. These include both economic and non-economic damages such as pain and suffering.
Economic Damages
If you are injured as the result of another person's negligence you are entitled to financial compensation. personal injury lawyer concord is meant to help you get back to the way you were prior to the injury.
In personal injury cases there are two kinds of monetary damages that you could get: non-economic and economic. The former is meant to compensate you for financial losses resulting from your accident, while the second is designed to compensate you for the emotional hardships that your injury has caused.
In many instances, a jury or judge will award the victim with economic damages to compensate for their lost wages, medical expenses and rehabilitative care and property damage costs like repair and replacement. This category of damages is real in the sense that it can be documented through receipts or pay stubs, as well as bills.
A defendant's negligent behavior can lead to a number of different economic loss. These losses include the following:
- Loss in Earning Capacity
A victim may be less able to earn following an injury. They could be forced to take a lower paying job or even be permanently disabled.
Future earning capacity
This can be a challenging factor to determine since it is based on the nature, age, and trends of the victim's job at the time of the accident. A person might be young and have a career that is on the rise, or they may be 58 and have a complete retirement plan in front of them.
Past Earning Capacity
This also presents jurors facing a difficult task because it requires a thorough analysis of the victim's work experience and the potential for future earnings. A victim may be a recent graduate with a technical career.
The victim could have lost their income along with other expenses such as medical bills, car repairs or out-of-pocket costs for medication and therapy.
These expenses can add up to a significant amount of money. To obtain a fair settlement make sure you add all these expenses together.
There are a myriad of factors that go into determining the exact amount of your economic damage, which is why it's essential to speak with an experienced personal injury lawyer who understands how these damages can be determined and awarded. Your lawyer will provide you with a list of all your current and future economic losses, and also solicit the help of experts who can put an amount of money on these losses for the purpose of formulating your compensation.