Personal Injury Compensation - How to Get the Compensation You Need
It is normal to be concerned about your finances when you are in an accident. This is especially true when your injuries are severe.
There are ways to recover compensation for your injuries. They include economic damages and non-economic damages like pain and suffering.
Economic Damages
If you sustain an injury as the result of the negligence of someone else, you should be entitled to financial compensation. This compensation is meant to aid you in returning to the way you were prior to the injury.
There are two types of damages that can be awarded in personal injury cases: economic damages and non-economic damages. personal injury lawsuit birmingham is designed to compensate you for monetary losses caused by the accident, while the latter is designed to pay for the emotional pain that your injury has caused.
In many instances, a judge or jury will award the victim with economic damages to make up for their loss of wages, medical bills and rehabilitation care along with property damage costs such as repair and replacement. The damages in this category can be documented through receipts, bills, and pay stubs.
A defendant's negligent conduct can result in different economic losses. These losses include:
Loss in Earning Capacity
A victim could have a reduced earning capacity after being injured. They may have to take a lower-paying job, or even become permanently disabled.
Future earning capacity
This is a difficult measure as it is dependent on the age, industry and trend of the victim's profession at the time of the accident. One person may be young and are in a promising profession, or they may have a retirement plan.
Past Earning Capacity
This also comes with a challenge for juries in that it requires a thorough examination of the victim's prior employment history and the possibilities for future earnings. For instance, a victim may be a recent college graduate with a promising career in engineering.
The victim could be unable to earn a living along with other expenses such as medical bills, car repairs or out-of-pocket expenses for medication and therapy.
In the end, these expenses can total a significant amount of money. To settle a fair amount make sure you add all the expenses.
There are a variety of factors that influence the amount of your economic damages. It is crucial to consult an experienced personal injury lawyer who can help you understand how these damages are calculated and be awarded. Your lawyer can provide you with a list of all your present and future economic losses, as well as enlist the assistance of experts who can place a dollar value on these losses in the course of making your compensation.