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Personal Injury Compensation – How to Get the Compensation You Need It is normal to be concerned about your finances when in an accident. This is especially true when you are involved in a serious injury. There are a variety of ways to receive compensation for your injuries. This includes both economic and non-economic losses, like suffering and pain. Economic Damages If you suffer an injury as the result of negligence by another party You are entitled to financial compensation. This compensation will help you return to the way you were prior to the injury. In personal injuries, there are two types of monetary damages you can get: non-economic and economic. The first is to compensate for the financial losses incurred as a result of the accident while non-economic damages are intended to cover your emotional pain. A jury or judge may award economic damages to victims in many cases. This includes lost wages, rehabilitation, medical bills as well as property damage costs such as repair and replacement. The damages in this category is documented with bills, receipts, or pay stubs. Unfortunate behavior by a defendant can result in a variety of economic losses. These include: Loss in Earning Capacity When a person is injured the earning capacity of the victim could be severely affected. They could be forced accept a lower-paying job or become permanently disabled. Future Earning Capacity This is a difficult aspect to assess since it is contingent on the age, the industry and the trend of a victim's career at the moment of the accident. One person might be young and are in a promising profession, or they may have a retirement plan. Past Capacity to Earn This presents a challenge to jurors since it requires an in-depth analysis of the victim's work history and future earnings. A victim might be a recent graduate who has a career 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. These expenses can add up to a substantial amount of money. To obtain a fair settlement make sure you add all the expenses. There are personal injury law firm santa monica that affect the amount of your economic damages. It is important to consult a skilled personal injury lawyer who will assist you in understanding the way these damages are calculated and given. Your lawyer will provide you with a complete list of all your economic losses and help you identify experts who can assign a dollar value to these losses in order to calculate your compensation.