Personal Injury Compensation - How to Get the Compensation You Need
If you're involved in an accident, it is normal to be concerned about your finances. This is particularly true if the injuries you sustained are severe.
There are ways to get compensated for your injuries. These include economic damages as well as non-economic damages such as pain and suffering.
Economic Damages
If you sustain an injury as the result of the negligence of another, you should be entitled to financial compensation. This compensation will assist you in recovering from your injuries and return to your pre-injury standard of living.
There are two kinds of financial damages that could be awarded in personal injury cases including economic damages as well as non-economic damages. The former is meant to compensate you for the financial damages resulting from the accident, whereas the latter is designed to compensate you for the emotional trauma that your accident has caused.
A jury or judge may award economic damages to victims in many instances. personal injury lawsuit cambridge can include lost wages and rehabilitation, medical bills and property damage costs such as repair and replacement. This category of damages is tangible in that it can be documented through receipts and pay stubs.
Negligent behavior by a defendant can result in a wide range of economic losses. The losses can include the following:
- Loss in Earning Capacity
A victim may have a reduced earning capacity after an injury. They may have to accept a lower-paying job or be permanently disabled.
Future earning capacity
This factor can be difficult to determine because it is contingent on the victim's age and profession and trends at the moment of the incident. One person may be young and have a promising job, or they may have a retirement plan.
Past Earning Capacity
This poses jurors facing a difficult task because it requires an in-depth analysis of the victim's past work experience and the potential for future earnings. For instance, a victim may be a recent college graduate with a promising career in engineering.
- The victim may have lost their income in addition to other costs like medical bills, car repairs, or out-of-pocket costs for medication and therapy.
In the end, these costs will add up to a substantial amount of money. Adding up all these expenses to determine what your financial damages could be will allow you to get an equitable settlement.
There are many factors that influence the amount of your economic damages. It is important to consult a skilled personal injury lawyer who can help you understand how these damages can be calculated and given. Your lawyer can provide you with a comprehensive list of the economic losses you have suffered and help you find experts who can assign a value to these losses in order to determine your compensation.