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 if your injuries are severe.
There are many ways to be compensated for your injuries. This includes economic and non-economic damages like suffering and pain.
Economic Damages
If you are injured because of the negligence of another, you should be entitled to financial compensation. The purpose of this compensation is to aid you in recovering from your injuries and get back to the same standard of living.
In personal injuries, there are two types of damages that you can get: non-economic and economic. The former is meant to compensate you for financial losses caused by the accident, whereas the latter is designed to pay for the emotional pain that your injury has caused.
In many cases a judge or jury will award a victim damages to compensate for their lost wages, medical bills and rehabilitation care along with property damage costs such as repair and replacement. This category of damages can be documented through bills, receipts and pay stubs.
The negligent conduct of a defendant can cause a variety of economic losses. The losses can include the following:
- Loss in Earning Capacity
If a victim suffers an injury the earning capacity of the victim could be severely affected. They could be forced accept a lower-paying job or even permanently disabled.
- Future Earning Capacity
This is a difficult aspect to assess since it is based on the amount of time, industry, and the direction of a victim's career at the moment of the accident. One person might be young and have a promising career or they may have an retirement plan.
Past Earning Capacity
This also presents jurors facing a difficult task because it requires a thorough analysis of the victim's past work experience and the potential for future earnings. A victim may be a recent graduate with an engineering career.
In addition to losing wages, the victim could have faced other costs like medical bills, car repairs, and even out of pocket expenses for therapy or medication.
In the end, these expenses can total a significant amount of money. To get personal injury attorneys philadelphia , add all of these expenses together.
There are numerous factors which affect the amount your economic damages. It is crucial to consult a skilled personal injury lawyer who will help you understand how these damages are calculated and given. Your lawyer will give you a list of all your present and future economic losses and also seek the assistance of experts who can assign a dollar value on these damages for the purpose of the calculation of your compensation.