personal injury lawsuit aurora - How to Get the Compensation You Need
It is normal to worry about your finances when involved in an accident. This is particularly true if you're the victim of serious injuries.
There are a variety of ways to receive compensation 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 by the negligence of another party. This compensation is intended to assist you in regaining your pre-injury lifestyle.
There are two types of damages that can be granted in personal injury cases which are economic damages and non-economic damages. The first is to compensate for the financial loss you suffered from the accident while non-economic damages are meant to compensate for your emotional pain.
In many instances, a judge or jury will award a victim damages to cover their loss of wages, medical bills and rehabilitative care, along with damages to property, such as repair and replacement. This category of damages is real in the sense that it can be documented with receipts, bills and pay stubs.
A defendant's negligent behavior can result in a wide range of economic losses. These losses include:
- Loss of Earning Capacity
If a victim is injured their earning capacity could be severely affected. They could be forced to work at a lower wage or even permanently disabled.
Future earning capacity
This aspect can be difficult to calculate as it depends on the victim's age, the industry and trends at the time of the accident. A person might be young and their career that is on the rise or they could be 58 years old and have a complete retirement plan.
Past Earning Capacity
This presents a challenge for jurors because it requires a detailed analysis of the victim's past employment and future earnings. A victim could be a recent college graduate who has a career in engineering.
- The victim may have lost their income in addition to other expenses such as medical bills, car repairs, or out-of-pocket expenses for medication and therapy.
In the end, these costs can total a significant amount of money. The sum of all these expenses to figure out the extent of your economic losses could be will help you receive an acceptable settlement.
There are many factors that affect the exact amount of your financial damage, which is why it's important to speak to an experienced personal injury attorney who understands how damages are determined and determined. Your lawyer can provide you with a complete list of the totality of your losses and assist you in identifying experts who can assign a dollar value to these losses in order to determine your compensation.