personal injury lawyer pasadena - How to Get the Compensation You Need
It is normal to worry about your finances when you are in an accident. This is especially true if your injuries are serious.
There are many options to receive compensation for your injuries. These include economic damages and non-economic damages, like pain and suffering.
Economic Damages
Financial compensation is available to anyone who has suffered injuries due to the negligence of another party. This compensation is intended to help you return to your pre-injury lifestyle.
There are two types of damages monetary that can be granted in personal injury cases which are economic damages and non-economic damages. The first is to compensate for your financial losses as a result of the accident while non-economic damages are designed to compensate for your emotional burdens.
In many cases, a judge or jury will award the victim with economic damages to cover their loss of wages, medical bills and rehabilitative treatment along with property damage costs such as repair and replacement. This category of damages is real in the sense that it can be documented through receipts and pay stubs.
A defendant's negligent behavior can cause different economic losses. The losses can include the following:
- Loss in Earning Capacity
If a victim is injured, their earning capacity may be significantly affected. They may have to take a lower-paying job, or be permanently disabled.
- Future Earning Capacity
This is a difficult factor to determine since it is contingent on the age, the industry and the trend of a person's career at the time of the accident. One person might be young and have a promising job, or they could have an retirement plan.
Past Capacity for Earning
This also presents jurors' challenges because it requires a thorough examination of the victim's previous employment situation and the potential for future earnings. A victim could be a recent college graduate with a technical career.
In addition, to the loss of wages, the victim might have had other expenses such as medical bills, car repairs and even out of pocket expenses for medication or therapy.
These expenses can amount to a substantial amount of money. To settle a fair amount, add all of these expenses.
There are many variables that impact the amount of your economic damages. It is important to consult an experienced personal injury lawyer who can assist you in understanding how these damages are calculated and determined. 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 calculate your compensation.