Personal Injury Compensation - How to Get the Compensation You Need
If you're injured in an accident, it is normal to be concerned about your finances. This is especially true if your injuries are severe.
There are many ways to obtain compensation for your injuries. These include economic damages and non-economic damages like pain and suffering.
Economic Damages
If you sustain an injury due to the negligence of another you are entitled to financial compensation. This compensation is designed to assist you in recovering from your injuries and get back to the level you enjoyed prior to injury living.
In personal injuries, there are two types of monetary damages you can receive: non-economic and economic. The first is to pay for the financial losses incurred caused by the accident, while non-economic damages are intended to compensate you for your emotional pain.
In many instances, a jury or judge will award a victim economic damages to cover their lost wages, medical bills and rehabilitative care along with property damage costs like repair and replacement. This category of damages is specific in that it may be documented through receipts as well as pay stubs, bills and receipts.
The negligent conduct of a defendant can result in a wide range of economic losses. personal injury lawyer bellingham include:
- Loss of Earning Capacity
When a victim is injured the earning capacity of the victim could be severely affected. They may be forced to work at a lower wage or even permanently disabled.
Future Earning Capacity
This is a difficult measure as it depends on the age, industry and trend of the victim's profession at the moment of the accident. One person could be young and have a promising career or they could have an retirement plan.
Past Earning Capacity
This poses a challenge for juries as it requires a detailed analysis of the victim's past employment and the potential earnings for the future. A victim could be a recent graduate with a career in engineering.
- The victim may have lost their income along with other expenses such as medical bills, car repairs, or out of pocket expenses for medication and therapy.
In the end, these expenses will add up to a substantial amount of money. To get a fair settlement make sure you add all the expenses.
There are many factors which determine the exact amount of your financial damages, and it is important to speak to an experienced personal injury attorney who understands how damages are determined and awarded. Your lawyer will be able to provide you with a comprehensive list of all your current and future economic losses, and will also solicit the assistance of experts who can establish an approximate value on these damages for the purpose of the calculation of your compensation.