Personal Injury Compensation - How to Get the Compensation You Need
It is normal to be concerned about your finances when you are in an accident. This is especially true if the injuries you sustained are severe.
There are ways to receive compensation for your injuries. This includes economic and non-economic damages such as pain and suffering.
Economic Damages
When you suffer an injury due to negligence by another party you are entitled to financial compensation. This compensation is intended to aid you in returning to your life prior to injury.
There are two types of damages that can be awarded in personal injury cases including economic damages as well as non-economic damages. personal injury lawsuit fresno is to compensate for your financial losses as a result of the accident and non-economic damages are intended to compensate for emotional suffering.
A jury or judge may award economic damages to victims in a variety of instances. This includes lost wages or rehabilitation, medical bills and property damage costs such as repair and replacement. This category of damages is concrete in that it can be documented using receipts or pay stubs, as well as bills.
The negligent conduct of a defendant can result in a wide range of economic losses. The losses can include the following:
Loss of Earning Capacity
When a victim is injured the earning capacity of the victim could be severely affected. They could be forced to take a lower-paying position or become permanently disabled.
- Future Earning Capacity
This is a difficult factor to determine since it relies on the victim's age and profession and trends at the moment of the incident. A person could be young and have a career that is growing, or they might be 58 and have a full retirement plan ahead of them.
- Past Earning Capacity
This poses a challenge for jurors since it requires a thorough examination of the victim's history of employment and potential future earnings. For instance, a victim could be a recent graduate with a promising career in engineering.
- In addition to lost earnings, the victim could be facing other expenses like medical bills, car repairs and even out-of-pocket expenses for medication or therapy.
These expenses can amount to a substantial amount of money. Add all of these costs to determine what your financial damages could be will help you get an appropriate settlement.
There are many variables that affect the amount of your economic damages. It is important to consult a skilled personal injury lawyer who will assist you in understanding how these damages can calculated and determined. Your lawyer will provide you with a comprehensive list of the economic losses you have suffered and help you identify experts who can assign a value to these losses in order to calculate your compensation.