Personal Injury Compensation - How to Get the Compensation You Need
It is normal to worry about your finances when you are in an accident. This is especially true when the injuries you sustained are severe.
There are a variety of ways to obtain compensation for your injuries. These include both economic and non-economic damages , such as suffering and pain.
Economic Damages
Financial compensation is available to those who have been injured by the negligence of another party. personal injury lawyer greensboro is designed to assist you in recovering from your injuries and return to your pre-injury standard of living.
In personal injury cases, there are two types of damages that you can receive: non-economic and economic. The first is to pay for your monetary losses due to the accident, and non-economic damages are intended to compensate you for your emotional hardships.
A jury or judge may award economic damages to victims in many cases. This can include lost wages and rehabilitation, medical bills as well as property damage costs like repair and replacement. The damages in this category are concrete in that it can be documented through receipts and pay stubs.
The negligent conduct of a defendant can result in a variety of economic losses. These losses include the following:
- Loss in Earning Capacity
A person who is injured may be less able to earn following an injury. They may be forced to accept a lower paying job or be permanently disabled.
- Future Earning Capacity
This aspect can be difficult to determine since it relies on the victim's age, industry and the current trend at the time of the accident. One person could be young and have a promising career, or they may have an retirement plan.
Past Capacity for Earning
This also comes with jurors facing a difficult task in that it requires a thorough analysis of the victim's previous employment history and the possibilities for future earnings. A victim could be a recent college graduate with a technical career.
The victim could have lost their income 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 substantial amount of money. In order to get a fair settlement make sure you add all these costs together.
There are many factors which determine the exact amount of your economic damages, and it is important to consult with an experienced personal injury attorney who knows how these damages can be determined and given. Your attorney will give you a list of all your current and future economic losses, and also solicit experts who can establish an amount of money on these damages in the process of formulating your compensation.