Personal Injury Compensation - How to Get the Compensation You Need It is normal to be concerned about your finances when you are involved in an accident. This is particularly true if you are involved in serious injury. There are many options to get 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 anyone who has been injured due to the negligence of a third party. This compensation is designed to help you recover from your injuries and get back to the same standard of living. In personal injuries there are two kinds of damages that you can receive: non-economic and economic. The first is to pay for the financial loss you suffered as a result of the accident while non-economic damages are designed to compensate you for your emotional suffering. A judge or jury could award economic damages to victims in numerous cases. This can include lost wages or rehabilitation, medical bills, and property damage costs like repair and replacement. This category of damages can be documented by bills, receipts and pay stubs. A defendant's negligent conduct can cause different economic loss. These losses include : - Loss in Earning Capacity When a victim is injured the earning capacity of the victim could be severely affected. They could be forced take a lower paying job or even be permanently disabled. Future Earning Capacity This can be a challenging aspect to assess since it is based on the nature, age, and trends of the victim's job at the time of the accident. Someone could be young and have a career that is on the rise, or they may be 58 and have a full retirement plan in front of them. Past Capacity for Earning This also comes with jurors facing a difficult task, as it requires a thorough examination of the victim's past employment situation and the potential for future earnings. For instance, a person could be a recent grad with a promising career path in engineering. In addition to the loss of earnings, the victim could have faced other costs such as medical bills, car repairs, and even out-of-pocket costs for therapy or medication. These expenses can amount to a substantial amount of money. To get a fair settlement make sure you add all these expenses. There are a variety of factors that impact the amount of your economic damages. It is important to consult a skilled personal injury lawyer who can assist you in understanding the way these damages are calculated and be awarded. Your lawyer will provide you with a list detailing all your economic losses and assist you in identifying experts who can assign a dollar amount to these damages in order to determine your compensation.