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Personal Injury Compensation – How to Get the Compensation You Need It is normal to worry about your finances when you are involved in an accident. This is particularly true if you suffer serious injury. There are many options to receive compensation for your injuries. This includes economic damages as well as non-economic damages like pain and suffering. Economic Damages If you suffer an injury because of the negligence of another, you should be entitled to financial compensation. This compensation is designed to assist you in recovering from your injuries and return to the standard you had prior to your injury living. There are two types 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 due to the accident, while non-economic damages are intended to compensate for emotional hardships. In many cases, a jury or judge will award the victim with economic damages to compensate for their lost wages, medical bills and rehabilitation care and property damage costs like repair and replacement. This type of damage is real in the sense that it can be documented with receipts as well as pay stubs, bills and receipts. Unfortunate behavior by a defendant could result in a range of economic losses. These losses include: Loss in Earning Capacity If a victim suffers an injury, their earning capacity may be severely affected. They could be forced accept a lower-paying job or even permanently disabled. – Future Earning Capacity This is a difficult factor to estimate because it depends on the victim's age, their industry and the current trend at the time of the incident. personal injury lawsuit baldwin park may be young and have a career on the rise, or they may be 58 years old and have a full retirement plan. Past Capacity to Earn This poses a challenge for juries in that it requires a thorough investigation of the victim's past employment situation and the potential for future earnings. A victim could be a recent graduate with a career in engineering. The victim could be unable to earn a living in addition to other costs like medical bills, car repairs or out-of-pocket costs for medication and therapy. These expenses can amount to a substantial amount of money. To obtain a fair settlement, add all of these costs together. There are many variables that impact the amount of your economic damages. It is important to consult with an experienced personal injury lawyer who will assist you in understanding how these damages can calculated and determined. Your lawyer will be able to provide you with a comprehensive list of all your current and future economic losses as well as enlist the assistance of experts who can assign an approximate value on these losses for the purpose of the calculation of your compensation.