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Personal Injury Compensation – How to Get the Compensation You Need If you're involved in an accident it is normal to be concerned about your financial situation. This is especially true when you're the victim of serious injuries. Fortunately, there are ways to receive compensation for your injuries. This includes both economic and non-economic damages such as suffering and pain. Economic Damages Financial compensation is available to anyone who has been injured as a result of the negligence of another party. This compensation is intended to help you get back to the way you were prior to the injury. There are two types of monetary damages that can be awarded in personal injury cases: economic damages and non-economic damages. personal injury law firm toledo is to compensate for the financial losses incurred caused by the accident, and non-economic damages are intended to compensate for emotional burdens. A jury or judge may award economic damages to victims in a number of instances. This includes lost wages as well as rehabilitation expenses, medical bills and property damage expenses such as repair and replacement. This type of damage is concrete in that it can be documented with receipts or pay stubs, as well as bills. A defendant's negligent behavior can cause a variety of economic losses. These losses include : – Loss of Earning Capacity A victim may be unable to earn as much following an injury. They could be forced to take a lower-paying job, or become permanently disabled. Future earning capacity This is a difficult measure as it depends on the amount of time, industry, and the direction of the victim's profession at the time of the accident. The person may be young and have a career that is on the rise or they may be 58 and have a full retirement plan in front of them. Past Capacity to Earn This poses jurors' difficulties, as it requires a thorough examination of the victim's past employment situation and the potential for future earnings. For instance, a defendant could be a recent graduate with a promising career path in engineering. The victim could have lost their earnings along with other expenses like medical bills, car repairs or out of pocket expenses for medication and therapy. These expenses can be significant and can add up to an amount of money. To get a fair settlement take all of these expenses together. There are a variety of factors that influence the amount of your economic damages. It is important to consult a skilled personal injury lawyer who will help you understand how these damages can be calculated and determined. Your attorney will give you a list of all your current and future economic losses and also seek the help of experts who can put an approximate value on these losses in the course of formulating your compensation.