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Personal Injury Compensation – How to Get the Compensation You Need If you're injured in an accident, it is normal to be concerned about your finances. This is especially true if you're the victim of an accident that causes serious injuries. There are many options to claim compensation for your injuries. These include economic damages and non-economic damages like pain and suffering. Economic Damages If you suffer an injury due to another person's negligence you are entitled to financial compensation. The purpose of this compensation is to help you recover from your injuries and return to the standard you had prior to your injury living. There are two types of financial damages that could be awarded in personal injury cases including economic damages as well as non-economic damages. The first is designed to compensate you for monetary losses resulting from your accident, while the second is designed to pay for the emotional hardships that your injury has caused. In many instances a judge or jury will award a victim damages to cover their loss of wages, medical bills and rehabilitative treatment and the cost of property damage, like repair and replacement. This type of damage is real in the sense that it can be documented using receipts and pay stubs. A defendant's negligent behavior can result in different economic losses. These include: Loss in Earning Capacity If a victim is injured and unable to work, their earnings could be severely affected. They could be forced take a lower-paying position or be permanently disabled. Future Earning Capacity This aspect can be difficult to estimate because it depends on the victim's age, their industry and trends at the time of the incident. The person may be young and have a career that is on the rise, or they might be 58 and have a full retirement plan ahead of them. – Past Earning Capacity This poses a challenge for juries because it requires an in-depth analysis of the victim's previous job and the possibility for future earnings. A victim may be a recent graduate with an engineering career. – personal injury lawyer greeley may have lost their income in addition to other expenses like medical bills, car repairs or out of pocket expenses for medication and therapy. These expenses can add up to a substantial amount of money. Adding up all these expenses to determine the extent of your economic losses could be will allow you to get an acceptable settlement. There are many factors that determine the exact amount of your economic damages, which is why it is important to speak to an experienced personal injury attorney who is aware of how these damages can be determined and granted. Your lawyer can provide you with a list of all your current and future economic losses as well as enlist experts who can place a dollar value on these damages in the process of formulating your compensation.