personal injury law firm union city - How to Get the Compensation You Need
It is normal to be concerned about your finances when you are in an accident. This is particularly true if your injuries are severe.
There are a variety of ways to receive compensation for your injuries. These include economic damages as well as non-economic damages, such as pain and suffering.
Economic Damages
Financial compensation is open to all who have been injured as a result of the negligence of a third party. This compensation is intended to aid you in recovering from your injuries and get back to your pre-injury standard of living.
There are two types of damages that can be granted in personal injury cases: economic damages and non-economic damages. The former is designed to compensate you for the financial losses caused by the accident, while the second is designed to compensate you for the emotional hardships that your accident has caused.
A judge or jury may award economic damages to victims in a number of instances. This includes lost wages as well as rehabilitation expenses, medical bills as well as property damage costs like repair and replacement. This category of damages can be documented by bills, receipts, and pay stubs.
Unfortunate behavior by a defendant can result in a wide range of economic losses. These losses include:
- Loss of Earning Capacity
A victim could be unable to earn as much after an injury. They could be forced find a job that pays less or even be permanently disabled.
Future earning capacity
This is a difficult factor to calculate as it depends on the victim's age, the industry and the trend at the time of the incident. One person may be young and are in a promising profession, or they might have an retirement plan.
Past Capacity for Earning
This is a problem for jurors as it requires an in-depth analysis of the victim's work history and potential future earnings. For instance, a defendant might be a recent graduate with a promising career path in engineering.
The victim could have lost their income in addition to other expenses like medical bills, car repairs or out-of pocket costs for medications and therapy.
These expenses can add up to a substantial amount of money. In order to get a fair settlement to settle the case, you must add all of these expenses together.
There are many factors that influence the amount of your economic damages. It is important to consult a skilled personal injury lawyer who will help you understand how these damages can be calculated and given. Your lawyer can provide you with a complete list of all your economic losses and help you identify experts who can assign a dollar value to these damages in order to calculate your compensation.