Personal Injury Compensation - How to Get the Compensation You Need
It is normal to worry about your finances when you are involved in an accident. This is especially true if you are involved in a serious injury.
There are ways to recover compensation for your injuries. These include economic damages and non-economic damages, such as pain and suffering.
Economic Damages
Financial compensation is open to all who have been injured as a result of the negligence of another party. This compensation will help you recover from your injuries and return to the level you enjoyed prior to injury living.
There are two types of financial damages that could be granted in personal injury cases including economic damages as well as non-economic damages. The first is to pay for the financial loss you suffered from the accident and non-economic damages are intended to compensate for emotional burdens.
A jury or judge may award economic damages to victims in many instances. This includes lost wages and rehabilitation, medical bills and property damage expenses like repair and replacement. This category of damages is specific in that it may be documented through receipts, bills and pay stubs.
A defendant's negligent conduct can cause different economic loss. These losses include:
Loss of Earning Capacity
A victim may suffer a lower earning capacity after an injury. They may be forced to accept a lower-paying job or even permanently disabled.
- Future Earning Capacity
This factor can be difficult to calculate as it depends on the victim's age, the industry and the current trend at the moment of the incident. Someone could be young and their career that is on the rise or they could be 58 and have a full retirement plan ahead of them.
- Past Earning Capacity
This poses jurors' challenges in that it requires a thorough investigation of the victim's past work experience and the potential for future earnings. For instance, a person may be a recent college graduate with a promising career in engineering.
- In addition to lost wages, the victim may be facing other expenses like medical bills, car repairs, and even out of pocket expenses for therapy or medication.
In the end, these costs will total a significant amount of money. To obtain personal injury lawyer kansas city to settle the case, you must add all of the expenses.
There are many variables that affect the amount of your economic damages. It is important to speak with a seasoned personal injury lawyer who will help you understand how these damages are calculated and be awarded. Your lawyer can provide you with a list detailing the totality of your losses and help you identify experts who can assign a dollar amount to these damages to determine your compensation.