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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 if the injuries you sustained are severe. There are a variety of ways to get compensation for your injuries. These include economic and non-economic damages like pain and suffering. Economic Damages If you suffer an injury due to negligence by another party, you should be entitled to financial compensation. The purpose of this compensation is to assist you in regaining the way you were prior to the injury. There are two kinds of damages monetary that can be awarded in personal injury cases which are economic damages and non-economic damages. The first is to pay for the financial loss you suffered as a result of the accident while non-economic damages are meant to compensate for your emotional pain. A judge or jury could award economic damages to victims in many instances. This can include lost wages as well as rehabilitation costs, medical bills and property damage expenses like repair and replacement. This type of damage is tangible in that it can be documented through receipts, bills and pay stubs. The negligent conduct of a defendant can result in a variety of economic losses. These include: – Loss in Earning Capacity When a victim is injured and unable to work, their earnings could be significantly affected. They may be forced to find a job that pays less or even permanently disabled. – Future Earning Capacity This is a difficult factor to determine since it is dependent on the age, industry and trend of the victim's job at the moment of the accident. A person may be young and are in a promising profession, or they may have an retirement plan. Past Capacity to Earn This presents a challenge to jurors because it requires an in-depth analysis of the victim's history of employment and the potential earnings for the future. A victim might be a recent graduate with a technical career. The victim could 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 expenses will add up to a substantial amount of money. Compiling personal injury attorneys richmond to determine what your financial damages could be will allow you to get an equitable settlement. There are many factors which affect the amount your economic damages. It is important to consult an experienced personal injury lawyer who will assist you in understanding how these damages are calculated and given. Your lawyer can provide you with a list detailing all your economic losses and help you to identify experts who can assign a dollar amount to these damages to determine your compensation.