personal injury law firm winston salem - How to Get the Compensation You Need
If you're injured in an accident, it is normal to be worried about your finances. This is particularly true if your injuries are severe.
There are a variety of ways to claim compensation for your injuries. These include both economic and non-economic damages like pain and suffering.
Economic Damages
If you sustain an injury as the result of another person's negligence, you should be entitled to financial compensation. This compensation is intended to aid you in recovering from your injuries and return to the standard you had prior to your injury living.
There are two kinds of damages that can be granted in personal injury cases which are economic damages and non-economic damages. The first is to compensate for your monetary losses as a result of the accident while non-economic damages are designed to compensate for emotional burdens.
In many cases, a jury or judge will award a victim damages to pay for their loss of wages, medical bills and rehabilitation care along with damages to property, such as repair and replacement. This type of damage can be documented by bills, receipts and pay stubs.
A defendant's negligent behavior can result in a variety of economic losses. These losses include :
- Loss of Earning Capacity
When a person is injured their earning capacity could be significantly affected. They may have to take a lower-paying position or become permanently disabled.
Future earning capacity
This can be a challenging aspect to assess since it depends on the amount of time, industry, and the direction of the victim's job at the moment of the accident. A person may be young and have a promising job, or they may have an retirement plan.
Past Capacity for Earning
This poses jurors' challenges, as it requires a thorough examination of the victim's past employment situation and the potential for future earnings. For instance, a victim could be a recent grad with a promising career path in engineering.
The victim could have lost their income along with other expenses like medical bills, car repairs or out-of-pocket costs for medication and therapy.
These expenses can add up to a significant amount of money. The sum of all these expenses to determine the extent of your economic losses could be will help you get an appropriate settlement.
There are many factors that affect the amount of your economic damages. It is important to speak with a seasoned personal injury lawyer who can assist you in understanding how these damages can calculated and determined. Your lawyer will provide you with a comprehensive list of all your present and future economic losses, and will also solicit experts who can assign an amount of money on these damages for the purpose of calculating your compensation.