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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 be worried about your finances. This is particularly true if you suffer a serious injury. There are many options to get compensation for your injuries. This includes economic and non-economic damages such as pain and suffering. Economic Damages If you are injured because of another person's negligence You are entitled to financial compensation. This compensation will help you recover from your injuries and return to your pre-injury standard of living. In personal injury cases, there are two types of damages that you can receive: non-economic and economic. The first is to compensate for your financial losses caused by the accident, while non-economic damages are meant to compensate you for your emotional pain. In many instances a judge or jury will award the victim with economic damages to compensate for their loss of wages, medical bills as well as rehabilitation services, along with the cost of property damage, like repair and replacement. This category of damages can be documented by bills, receipts and pay stubs. A defendant's negligent behavior can result in a variety of economic losses. The losses can include the following: Loss of Earning Capacity A person who is injured may have a reduced earning capacity following an injury. They could be forced to accept a lower paying job or even become permanently disabled. Future earning capacity This can be a challenging 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 career or they might have a retirement plan. Past Capacity for Earning This poses a challenge for jurors because it requires an in-depth analysis of the victim's past employment and the potential earnings for the future. personal injury lawyer pharr could be a recent graduate with an engineering career. In addition to the loss of wages, the victim might have had other expenses like medical bills, car repairs and even out-of-pocket costs for medication or therapy. These expenses can amount to a substantial amount of money. The sum of all these expenses to figure out the extent of your economic losses could be will help you receive an equitable settlement. There are a variety of factors that go into determining the exact amount of your economic damages, which is why it is crucial to consult an experienced personal injury lawyer who understands how damages can be calculated and given. Your lawyer will provide you with a complete list of the economic losses you have suffered and help you find experts who can assign a dollar amount to these losses in order to determine your compensation.