Personal Injury Compensation - How to Get the Compensation You Need
When you are involved in an accident, it is normal to worry about your financial situation. This is especially true when you suffer a serious injury.
Fortunately, there are personal injury lawyer greeley to get compensated for your injuries. They include economic damages and non-economic damages, such as pain and suffering.
Economic Damages
If you suffer an injury because of another person's negligence, you should be entitled to financial compensation. This compensation is meant to help you get back to the way you were prior to the injury.
There are two kinds of damages that can be granted in personal injury cases which are economic damages and non-economic damages. The first is to compensate for the financial loss you suffered from the accident while non-economic damages are designed to cover your emotional pain.
In many instances, a judge or jury will award the victim with economic damages to cover their loss of wages, medical bills and rehabilitative care, along with the cost of property damage, like repair and replacement. This type of damage can be documented by receipts, bills, and pay stubs.
A defendant's negligent behavior can result in different economic loss. These losses include:
- Loss of Earning Capacity
A person who is injured may suffer a lower earning capacity after an injury. They may be forced to take a lower paying job or even permanently disabled.
Future Earning Capacity
This is a difficult factor to determine since it is contingent on the age, industry and trend of a victim's career at the moment of the accident. A person could be young and their career that is on the rise, or they could be 58 and have a full retirement plan in front of them.
Past Capacity to Earn
This is a problem for juries as it requires a detailed analysis of the victim's past employment and potential future earnings. 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 costs for medications and therapy.
These expenses can be significant and can add up to an amount of money. To settle a fair amount, add all of these expenses together.
There are numerous factors that influence the amount of your economic damages. It is essential to consult an experienced personal injury lawyer who can help you understand the way these damages are calculated and be awarded. Your lawyer can give you a list of all your present and future economic losses and also seek experts who can put a dollar value on these losses for the purpose of making your compensation.