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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 worry about your financial situation. This is particularly true if your injuries are severe. Fortunately, there are ways to receive compensation for your injuries. These include both economic and non-economic damages like suffering and pain. Economic Damages If you are injured due to the negligence of another, you should be entitled to financial compensation. The purpose of this compensation is to help you return to your life prior to injury. In personal injury cases, there are two types of damages that you can receive: economic and non-economic. The former is designed to compensate you for financial losses caused by the accident, whereas the latter is designed to compensate you for the emotional trauma that your accident has caused. In many cases, a jury or judge will award a victim economic damages to make up for their lost wages, medical expenses and rehabilitative treatment as well as property damage costs such as repair and replacement. This kind of damage can be documented through bills, receipts, or pay stubs. Unfortunate behavior by a defendant can result in a wide range of economic losses. These losses include: Loss in Earning Capacity A victim could have a reduced earning capacity following an injury. They may be forced to take a lower-paying position or be permanently disabled. Future Earning Capacity This can be a challenge to determine because it is contingent on the victim's age, industry and the current trend at the moment of the accident. Someone could be young and have a career that is growing, or they may be 58 and have a complete retirement plan. – Past Earning Capacity This is also jurors' challenges to consider, since it requires a thorough investigation of the victim's previous work experience and the potential for future earnings. For instance, a person could be a recent grad with a promising career in engineering. The victim could have lost their earnings in addition to other expenses such as medical bills, car repairs, or out-of pocket costs for medications and therapy. In the end, these costs can add up to a significant amount of money. Compiling personal injury lawsuit augusta to determine what your economic damages might be will help you get a fair settlement. There are a myriad of factors that determine the exact amount of your economic damages, which is why it is important to speak to an experienced personal injury lawyer who is aware of how these damages can be determined and given. Your attorney will provide you with a list of all your current and future economic losses and will also solicit the assistance of experts who can put a dollar value on these losses for the purpose of calculating your compensation.