personal injury lawsuit mesa - How to Get the Compensation You Need
If you're injured in an accident, it is normal to be concerned about your finances. This is especially true if your injuries are serious.
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
Financial compensation is available to those who have been injured as a result of the negligence of another party. This compensation is intended to aid you in recovering from your injuries and get back to your pre-injury standard of living.
In personal injury cases there are two kinds of monetary damages you can get: non-economic and economic. The first is designed to compensate you for the financial losses resulting from your accident, while the second is designed to pay for the emotional burdens your injury has caused.
In many instances, a judge or jury will award the victim with economic damages to cover their lost wages, medical expenses and rehabilitative treatment and property damage costs like repair and replacement. This kind of damage is concrete in that it can be documented through receipts, bills and pay stubs.
A defendant's negligent behavior can result in different economic losses. These losses include:
Loss in Earning Capacity
If a victim suffers an injury, their earning capacity may be severely affected. They could be forced take a lower-paying job, or even become permanently disabled.
- Future Earning Capacity
This factor can be difficult to determine because it is contingent on the victim's age and profession and trends at the time of the incident. One person may be young and are in a promising profession, or they might have an retirement plan.
Past Earning Capacity
This is also a challenge for juries to consider, since it requires a thorough analysis of the victim's past employment history and the possibilities for future earnings. For instance, a victim could be a recent grad with a promising career in engineering.
In addition to the loss of wages, the victim might have faced other costs like medical bills, car repairs and even out-of-pocket expenses for therapy or medication.
In the end, these expenses can add up to a significant amount of money. In order to get a fair settlement make sure you add all the expenses.
There are many factors that influence the amount of your economic damages. It is important to consult an experienced personal injury lawyer who will assist you in understanding how these damages can be calculated and awarded. Your lawyer can provide you with a list detailing the economic losses you have suffered and help you find experts who can assign a dollar value to these losses in order to determine your compensation.