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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 concerned about your finances. This is especially true if the injuries you sustained are severe. There are ways to get compensated for your injuries. These include economic and non-economic damages , such as pain and suffering. personal injury law firm burbank is accessible to anyone who has been injured due to the negligence of a third party. This compensation is meant to assist you in regaining your life prior to injury. In personal injury cases, there are two types of financial damages you could receive: non-economic and economic. The first is to compensate for your monetary losses caused by the accident, while non-economic damages are intended to compensate you for your emotional burdens. A judge or jury may award economic damages to victims in many cases. This includes lost wages as well as rehabilitation expenses, medical bills and property damage expenses like repair and replacement. The damages in this category is documented with bills, receipts, and pay stubs. A defendant's negligent conduct can result in different economic loss. These losses include: Loss of Earning Capacity A victim may be less able to earn after an injury. They may be forced to work at a lower wage or even be permanently disabled. Future earning capacity This can be a challenge to determine because it is contingent on the victim's age, the industry and the trend at the moment of the incident. One person might be young and have a promising career, or they could have an retirement plan. Past Earning Capacity This presents a challenge to jurors as it requires an in-depth analysis of the victim's history of employment and potential future earnings. For instance, a defendant could be a recent grad with a promising career in engineering. In addition to the loss of wages, the victim could have faced other costs such as medical bills, car repairs, and even out-of-pocket expenses for therapy or medication. In the end, these expenses can total a significant amount of money. Compiling all these expenses to figure out the extent of your economic losses could be will allow you to get an equitable settlement. There are many variables that affect the amount of your economic damages. It is essential to consult a skilled personal injury lawyer who will assist you in understanding how these damages are calculated and be awarded. Your lawyer will provide you with a complete list of the economic losses you have suffered and help you to identify experts who can assign a value to these damages to determine your compensation.