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Personal Injury Compensation – How to Get the Compensation You Need It is normal to worry about your finances when involved in an accident. This is particularly true if your injuries are serious. There are many options to receive compensation for your injuries. This includes economic damages as well as non-economic damages such as pain and suffering. Economic Damages Financial compensation is open to all who have been injured as a result of the negligence of another party. This compensation will aid you in returning to your pre-injury lifestyle. In personal injuries there are two kinds of monetary damages that you could receive: non-economic and economic. The first is designed to compensate you for financial losses resulting from your accident, while the second is designed to pay for the emotional hardships that your accident has caused. A jury or judge may award economic damages to victims in a variety of instances. This can include lost wages, rehabilitation expenses, medical bills and property damage expenses like repair and replacement. This type of damage is concrete in that it can be documented through receipts, bills and pay stubs. A defendant's negligence can result in different economic losses. These losses include: – Loss in Earning Capacity If a victim is injured their earning capacity could be severely affected. They may be forced to find a job that pays less or even permanently disabled. – Future Earning Capacity This is a difficult aspect to assess since it depends on the age, the industry and the trend of a victim's career at the time of the accident. The person may be young and have a career on the rise, or they may be 58 and have a full retirement plan. personal injury attorney salinas Earning Capacity This presents a challenge to jurors as it requires a detailed analysis of the victim's past employment and the potential earnings for the future. For instance, a victim could be a recent graduate with a promising career path in engineering. The victim could have lost their wages as well as other expenses such as medical bills, car repairs, or out-of-pocket expenses for medication and therapy. These expenses can amount to a substantial amount of money. In order to get a fair settlement to settle the case, you must add all of the expenses. There are many variables that determine the exact amount of your financial damage, which is why it's important to speak to an experienced personal injury attorney who understands how damages are determined and determined. Your attorney will provide you with a comprehensive list of all your present and future economic losses and also solicit the help of experts who can establish a dollar value on these losses for the purpose of formulating your compensation.