Personal Injury Compensation - How to Get the Compensation You Need
It is normal to be concerned about your finances when involved in an accident. This is especially true if the injuries you sustained are severe.
There are a variety of ways to get compensated for your injuries. These include both economic and non-economic damages , such as suffering and pain.
Economic Damages
If you suffer an injury because of another person's negligence You are entitled to financial compensation. This compensation is designed to help you recover from your injuries and return to the standard you had prior to your injury living.
There are two types of monetary damages that can be granted in personal injury cases including economic damages as well as non-economic damages. The former is meant to compensate you for monetary losses resulting from your accident, while the latter is designed to pay for the emotional burdens your injury has caused.
In many instances, a judge or jury will award a victim damages to cover their lost wages, medical expenses and rehabilitation care as well as the cost of property damage, like repair and replacement. The damages in this category can be documented by receipts, bills, and pay stubs.
A defendant's reckless behavior could cause different economic losses. These losses include :
- Loss in Earning Capacity
A victim could suffer a lower earning capacity after being injured. They could be forced find a job that pays less or even be permanently disabled.
Future earning capacity
This can be a challenging aspect to assess since it depends on the age, the industry and the trend of the victim's profession at the moment of the accident. A person may be young and have a promising career or they may have an retirement plan.
Past Capacity for Earning
This also presents a challenge for juries in that it requires a thorough analysis of the victim's previous job and the possibility for future earnings. A victim could be a recent graduate with a career in engineering.
The victim could have lost their wages as well as other expenses such as 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. Adding up personal injury attorney stamford to determine what your financial damages could be will help you get an acceptable settlement.
There are a myriad of factors that go into determining the exact amount of your economic damages, which is why it is important to consult with an experienced personal injury lawyer who knows how these damages are determined and granted. Your lawyer will be able to give you a list of all your current and future economic losses and also seek experts who can put an approximate value on these losses for the purpose of formulating your compensation.