15 Shocking Facts About Personal Injury Lawyers That You Never Knew
personal injury law firm temecula - How to Get the Compensation You Need
It is normal to be concerned about your finances when in an accident. This is especially true when you suffer an accident that causes serious injuries.
There are many ways to get compensated for your injuries. This includes economic damages as well as non-economic damages, such as pain and suffering.
Economic Damages
If you suffer an injury due to negligence by another party you are entitled to financial compensation. This compensation is intended to help you get back to your pre-injury lifestyle.
There are two types of damages that can be awarded in personal injury cases: economic damages and non-economic damages. The former is meant to compensate you for financial loss resulting from the accident, while the latter is designed to compensate you for the emotional pain that your injury has caused.
In many cases, a judge or jury will award the victim with economic damages to make up for their loss of wages, medical bills as well as rehabilitation services, along with the cost of property damage, like repair and replacement. The damages in this category are real in the sense that it can be documented through receipts as well as pay stubs, bills and receipts.
A defendant's reckless behavior could result in different economic loss. These losses include:
Loss of Earning Capacity
A victim may suffer a lower earning capacity following an injury. They might be forced to take a lower paying job or even be permanently disabled.
Future earning capacity
This is a difficult measure as it is contingent on the amount of time, industry, and the direction of a person's career at the moment of the accident. One person may be young and have a promising job, or they could have a retirement plan.
- Past Earning Capacity
This also presents jurors' challenges, as it requires an in-depth analysis of the victim's prior work experience and the potential for future earnings. For instance, a person could be a recent graduate with a promising career path in engineering.
- The victim may have lost their earnings as well as other expenses such as medical bills, car repairs, or out of pocket expenses for medication and therapy.
These expenses can add up to a substantial amount of money. To obtain a fair settlement take all of these costs together.
There are many factors that affect the exact amount of your economic damage, which is why it's essential to speak with an experienced personal injury attorney who understands how damages are calculated and determined. Your lawyer will give you a list of all your current and future economic losses as well as enlist the help of experts who can put an amount of money on these losses in the course of the calculation of your compensation.