Personal Injury Compensation - How to Get the Compensation You Need
It is normal to worry about your finances when involved in an accident. This is especially true when your injuries are severe.
There are many options to claim compensation for your injuries. They include economic damages and non-economic damages, such as pain and suffering.
Economic Damages
If you suffer an injury because of the negligence of another you are entitled to financial compensation. This compensation is intended to aid you in recovering from your injuries and get back to the level you enjoyed prior to injury living.
In personal injuries there are two kinds of monetary damages that you could receive: economic and non-economic. The former is designed to compensate you for monetary damages resulting from the accident, while the latter is designed to pay for the emotional burdens your injury has caused.
In many cases, a judge or jury will award a victim damages to compensate for their loss of wages, medical bills and rehabilitative care along with damages to property, such as repair and replacement. personal injury lawyer maine in this category can be documented by bills, receipts, or pay stubs.
A defendant's negligent behavior can cause different economic losses. These include:
Loss of Earning Capacity
A person who is injured may have a reduced earning capacity after an injury. They could be forced to accept a lower paying job or become permanently disabled.
Future earning capacity
This aspect can be difficult to calculate as it depends on the victim's age and profession and the current trend at the moment of the incident. A person might be young and have a career on the rise, or they may be 58 years old and have a complete retirement plan.
Past Earning Capacity
This is a problem for jurors since it requires an in-depth analysis of the victim's past employment and potential future earnings. For instance, a person may be a recent college graduate with a promising career path in engineering.
The victim could have lost their wages in addition to other costs like medical bills, car repairs, or out-of pocket costs for medications and therapy.
In the end, these costs can add up to a significant amount of money. To settle a fair amount take all of these costs together.
There are a myriad of factors that determine the exact amount of your financial damages, and it is crucial to consult an experienced personal injury lawyer who is aware of how these damages are calculated and determined. Your lawyer will be able to give you a list of all your present and future economic losses and also solicit the assistance of experts who can place a dollar value on these damages for the purpose of formulating your compensation.