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Personal Injury Compensation – How to Get the Compensation You Need It is normal to be concerned about your finances when involved in an accident. This is especially true when your injuries are serious. There are many ways to be compensated for your injuries. These include economic damages as well as non-economic damages such as pain and suffering. Economic Damages Financial compensation is open to all who have been injured as a result of the negligence of a third party. This compensation is designed to assist you in recovering from your injuries and return to the standard you had prior to your injury living. In personal injury cases there are two kinds of monetary damages that you could get: non-economic and economic. The former is intended to compensate you for monetary damages resulting from the accident, whereas the latter is designed to pay for the emotional trauma that your accident has caused. In many instances, a judge or jury will award a victim damages to pay for their lost wages, medical bills and rehabilitative care, along with damages to property, such as repair and replacement. This category of damages is specific in that it may be documented with receipts or pay stubs, as well as bills. Unfortunate behavior by a defendant can result in a wide range of economic losses. The losses can include the following: – Loss of Earning Capacity A victim may suffer a lower earning capacity after an injury. They could be forced find a job that pays less or even be permanently disabled. Future earning capacity This can be a challenging factor to calculate since it is dependent on the amount of time, industry, and the direction of the victim's job at the moment of the accident. A person could be young and have a career that is on the rise, or they could be 58 years old and have a full retirement plan. Past Earning Capacity This also presents jurors' challenges to consider, since it requires a thorough examination of the victim's prior job and the possibility for future earnings. For instance, a person could be a recent grad with a promising career path in engineering. In addition to the loss of wages, the victim could be facing other expenses like medical bills, car repairs, and even out-of-pocket costs for medication or therapy. In the end, these expenses can add up to a significant amount of money. Compiling all these expenses to determine what your economic damages might be will help you get a fair settlement. There are numerous factors that impact the amount of your economic damages. personal injury lawyer cambridge is important to speak with a seasoned personal injury lawyer who will assist you in understanding how these damages can be calculated and given. Your lawyer can provide you with a complete list of the totality of your losses and help you identify experts who can assign a dollar value to these damages in order to determine your compensation.