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Personal Injury Compensation – How to Get the Compensation You Need It is normal to be concerned about your finances when in an accident. This is especially true if you suffer a serious injury. There are many ways to receive compensation for your injuries. personal injury attorneys concord includes economic and non-economic damages , such as suffering and pain. Economic Damages Financial compensation is available to anyone who has been injured by the negligence of another party. This compensation will aid you in returning to the way you were prior to the injury. There are two types of damages monetary that can be granted in personal injury cases which are economic damages and non-economic damages. The former is intended to compensate you for financial damages resulting from the accident, whereas the latter is designed to pay for the emotional trauma that your injury has caused. In many instances a judge or jury will award a victim damages to pay for their loss of wages, medical bills and rehabilitative treatment, along with property damage costs like repair and replacement. This category of damages is tangible in that it can be documented with receipts or pay stubs, as well as bills. A defendant's negligent conduct can cause different economic losses. These include: Loss in Earning Capacity A victim could be unable to earn as much after an injury. They may be forced to accept a lower-paying job or even become permanently disabled. Future earning capacity This aspect can be difficult to determine because it is contingent on the victim's age, the industry and trends at the moment of the accident. One person might be young and have a promising career or they may have an retirement plan. – Past Earning Capacity This is a problem for jurors as it requires a thorough analysis of the victim's history of employment and the potential earnings for the future. For instance, a victim could be a recent grad with a promising career in engineering. The victim could have lost their wages in addition to other expenses such as medical bills, car repairs or out-of pocket costs for medications and therapy. In the end, these expenses can add up to a significant amount of money. Add all of these costs to figure out the extent of your economic losses could be will help you get a fair settlement. There are a myriad of factors which determine the exact amount of your economic damages, so it is crucial to consult an experienced personal injury attorney who is aware of how these damages are calculated and given. Your lawyer will provide you with a list detailing the totality of your losses and assist you in identifying experts who can assign a dollar value to these damages in order to determine your compensation.