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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 worry about your financial situation. This is especially true when your injuries are severe. There are many ways to claim compensation for your injuries. These include both economic and non-economic damages like pain and suffering. Economic Damages When you suffer an injury because of negligence by another party, you should be entitled to financial compensation. The purpose of this compensation is to help you recover from your injuries and get back to the same standard of living. There are two kinds of monetary damages that can be awarded in personal injury cases which are economic damages and non-economic damages. The former is meant to compensate you for financial damages resulting from the accident, while the second is designed to compensate you for the emotional burdens your accident has caused. In many cases a judge or jury will award a victim damages to make up for their lost wages, medical bills and rehabilitative care along with the cost of property damage, like repair and replacement. The damages in this category are specific in that it may be documented using receipts, bills and pay stubs. Negligent behavior by a defendant can result in a variety of economic losses. These losses include the following: Loss of Earning Capacity A victim could have a reduced earning capacity after an injury. They may be forced to take a lower-paying position or be permanently disabled. Future Earning Capacity This factor can be difficult to estimate because it depends on the victim's age, their industry and the trend at the moment of the incident. personal injury attorneys salem may be young and have a promising career or they may have an retirement plan. Past Capacity to Earn This is also jurors' challenges in that it requires an in-depth analysis of the victim's prior employment history and the possibilities for future earnings. A victim may be a recent graduate with a career in engineering. In addition to losing wages, the victim may have faced other costs like medical bills, car repairs, and even out of pocket expenses for medication or therapy. In the end, these costs can add up to a significant amount of money. Compiling all these expenses to determine what your economic damages might be will allow you to get an acceptable settlement. There are many variables which determine the exact amount of your financial damages, and it is essential to speak with an experienced personal injury lawyer who understands how damages can be determined and awarded. Your lawyer can provide you with a list of all your present and future economic losses, as well as enlist the assistance of experts who can establish the value of these damages in the process of the calculation of your compensation.