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Personal Injury Compensation – How to Get the Compensation You Need When you are involved in an accident it is normal to be worried about your finances. This is especially true if your injuries are serious. There are ways to recover compensation for your injuries. These include both economic and non-economic losses, like pain and suffering. Economic Damages Financial compensation is available to anyone who has been injured as a result of the negligence of a third party. The purpose of this compensation is to aid you in recovering from your injuries and return to your pre-injury standard of living. There are personal injury law firm rock hill of financial damages that could be awarded in personal injury cases: economic damages and non-economic damages. The first is to compensate for your monetary losses from the accident while non-economic damages are intended to compensate for emotional hardships. A judge or jury may award economic damages to victims in a variety of cases. This can include lost wages, rehabilitation expenses, medical bills and property damage costs like repair and replacement. This category of damages can be documented with bills, receipts, and pay stubs. Unfortunate behavior by a defendant can cause a variety of economic losses. These losses include the following: Loss of Earning Capacity A victim could have a reduced earning capacity after being injured. They may be forced to find a job that pays less or even be permanently disabled. – Future Earning Capacity This can be a challenging aspect to assess since it is dependent on the nature, age, and trends of a person's career at the time of the accident. A person could be young and their career that is growing, or they might be 58 and have a complete retirement plan in front of them. Past Earning Capacity This poses a challenge for jurors since it requires a detailed analysis of the victim's employment history and potential future earnings. For instance, a defendant may be a recent college graduate with a promising career in engineering. – The victim may have lost their income in addition to other costs like medical bills, car repairs or out-of-pocket expenses for medication and therapy. In the end, these costs will add up to a significant amount of money. Add all of these costs to figure out what your financial damages could be can help you obtain a fair settlement. There are a variety of factors that influence the amount of your economic damages. It is important to consult an experienced personal injury lawyer who can help you understand how these damages can be calculated and be awarded. Your lawyer will provide you with a complete list of all your current and future economic losses, as well as enlist the assistance of experts who can put the value of these losses for the purpose of formulating your compensation.