personal injury lawyer rialto - How to Get the Compensation You Need
If you're involved in an accident, it is normal to be concerned about your finances. This is especially true when you suffer serious injury.
There are ways to receive compensation for your injuries. These include both economic and non-economic losses, like pain and suffering.
Economic Damages
Financial compensation is accessible to anyone who has been injured due to the negligence of another party. This compensation is intended to help you return to your life prior to injury.
In personal injuries there are two kinds of monetary damages that you could get: non-economic and economic. The first is to compensate for the financial losses incurred from the accident while non-economic damages are meant to compensate you for your emotional suffering.
In many instances, a jury or judge will award a victim damages to make up for their loss of wages, medical bills and rehabilitation care, along with damages to property, such as repair and replacement. This category of damages is tangible in that it can be documented using receipts and pay stubs.
A defendant's negligent behavior can result in a wide range of economic losses. These losses include:
- Loss in Earning Capacity
When a person is injured their earning capacity could be significantly affected. They might be forced to accept a lower-paying job or even be permanently disabled.
Future Earning Capacity
This can be a challenging factor to determine since it is dependent on the age, industry and trend of a victim's career at the time of the accident. One person could be young and are in a promising profession, or they could have a retirement plan.
Past Earning Capacity
This is a problem for juries as it requires a detailed analysis of the victim's employment history and the potential earnings for the future. For instance, a defendant might be a recent graduate with a promising career path in engineering.
The victim could be unable to earn a living along with other expenses like medical bills, car repairs or out-of pocket costs for medications and therapy.
These expenses can add up to a significant amount of money. Adding up all these expenses to figure out the extent of your economic losses could be will allow you to get a fair settlement.
There are a myriad of factors that affect the exact amount of your financial damages, which is why it is important to consult with an experienced personal injury attorney who is aware of how these damages are calculated and awarded. Your lawyer can provide you with a complete list of all your present and future economic losses as well as enlist the assistance of experts who can assign the value of these losses in the course of formulating your compensation.