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Personal Injury Compensation – How to Get the Compensation You Need When you are involved in an accident, it is normal to be worried about your finances. 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 and non-economic damages, like pain and suffering. Economic Damages When you suffer an injury as the result of another person's negligence you are entitled to financial compensation. The purpose of this compensation is to help you recover from your injuries and get back to your pre-injury standard of living. There are two kinds of financial damages that could be awarded in personal injury cases including economic damages as well as non-economic damages. The former is designed to compensate you for the financial losses caused by the accident, whereas the latter is designed to pay for the emotional pain that your injury has caused. personal injury lawyer huntsville or jury may award economic damages to victims in a number of instances. This includes lost wages or rehabilitation costs, medical bills, and property damage costs like repair and replacement. This kind of damage is concrete in that it can be documented through receipts as well as pay stubs, bills and receipts. The negligent conduct of a defendant can result in a variety of economic losses. These losses include the following: Loss of Earning Capacity A victim may suffer a lower earning capacity following an injury. They could be forced to accept a lower paying job or even become permanently disabled. Future earning capacity This can be a challenging aspect to assess since it is based on the nature, age, and trends of a victim's career at the time of the accident. A person might be young and have a career that is on the rise, or they might be 58 and have a full retirement plan. – Past Earning Capacity This also presents a challenge for juries because it requires an in-depth analysis of the victim's prior employment situation and the potential for future earnings. For instance, a defendant might be a recent graduate with a promising career in engineering. – The victim may have lost their wages along with other expenses such as medical bills, car repairs, or out-of-pocket costs for medication and therapy. These expenses can add up to a significant amount of money. To get a fair settlement make sure you add all these expenses. There are many factors that go into determining the exact amount of your financial damages, and it is important to speak to an experienced personal injury attorney who understands how damages are calculated and granted. Your lawyer can provide you with a detailed list of all your economic losses and help you identify experts who can assign a dollar amount to these losses in order to determine your compensation.