personal injury law firm nampa - 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 serious.
There are many ways to receive compensation for your injuries. These include 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 another party. The purpose of this compensation is to assist you in recovering from your injuries and return to the level you enjoyed prior to injury living.
There are two types of financial damages that could be awarded in personal injury cases which are economic damages and non-economic damages. The first is to compensate for the financial loss you suffered as a result of the accident while non-economic damages are intended to compensate for your emotional burdens.
A judge or jury can award economic damages to victims in a number of instances. This includes lost wages, rehabilitation expenses, medical bills and property damage expenses like repair and replacement. The damages in this category are specific in that it may be documented with receipts, bills and pay stubs.
A defendant's negligent behavior can cause different economic loss. These losses include:
- Loss in Earning Capacity
If a victim is injured the earning capacity of the victim could be significantly affected. They could be forced to work at a lower wage or even be permanently disabled.
Future earning capacity
This can be a challenging factor to calculate since it is based on the nature, age, and trends of a person's career at the moment of the accident. One person may be young and have a promising career or they may have a retirement plan.
- Past Earning Capacity
This poses jurors' challenges to consider, since it requires a thorough investigation of the victim's past employment history and the possibilities for future earnings. For instance, a defendant could be a recent grad with a promising career path 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 add up to a significant amount of money. Compiling all these expenses to figure out what your financial damages could be can help you obtain an appropriate settlement.
There are many factors that affect the amount of your economic damages. It is essential to speak with a seasoned personal injury lawyer who can assist you in understanding how these damages can be calculated and awarded. Your lawyer will provide you with a complete list of all your present and future economic losses, and also seek experts who can put the value of these losses for the purpose of calculating your compensation.