Personal Injury Compensation - How to Get the Compensation You Need
If you're injured in an accident, it is normal to worry about your finances. This is especially true when the injuries you sustained are severe.
There are ways to be compensated for your injuries. These include economic damages as well as non-economic damages, like pain and suffering.
Economic Damages
If you sustain an injury due to another person's negligence, you should be entitled to financial compensation. The purpose of this compensation is to assist you in regaining your life prior to injury.
There are two types of monetary damages that can be awarded in personal injury cases: economic damages and non-economic damages. The first is to pay for the financial loss you suffered as a result of the accident while non-economic damages are designed to compensate for emotional hardships.
A judge or jury may award economic damages to victims in many instances. This includes lost wages or rehabilitation expenses, medical bills as well as property damage costs such as repair and replacement. This type of damage is real in the sense that it can be documented using receipts as well as pay stubs, bills and receipts.
A defendant's negligent conduct can result in different economic loss. These losses include:
- Loss in Earning Capacity
A victim could be unable to earn as much after being injured. They could be forced work at a lower wage or even be permanently disabled.
Future earning capacity
This is a difficult measure as it is based on the age, industry and trend of the victim's profession at the moment of the accident. Someone could be young and have a career that is on the rise or they might be 58 and have a full retirement plan in front of them.
- Past Earning Capacity
This is a problem for jurors as it requires a detailed analysis of the victim's work history and the potential earnings for the future. A victim might be a recent graduate with an engineering career.
personal injury attorney torrance could have lost their earnings as well as other expenses like medical bills, car repairs, or out-of-pocket expenses for medication and therapy.
These expenses can be significant and can add up to an amount of money. The sum of all these expenses to figure out what your economic losses might be will help you receive an appropriate settlement.
There are a variety of factors that impact the amount of your economic damages. It is crucial to speak with a seasoned personal injury lawyer who can help you understand how these damages can be calculated and awarded. Your attorney will give you a list of all your current and future economic losses and also solicit experts who can put an approximate value on these damages in the process of formulating your compensation.