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Personal Injury Compensation – How to Get the Compensation You Need If you're involved in an accident it is normal to be worried about your financial situation. This is especially true when you're the victim of serious injuries. There are ways to get compensated for your injuries. These include economic damages as well as non-economic damages, like pain and suffering. Economic Damages Financial compensation is available to anyone who has been injured by the negligence of a third party. This compensation is intended to help you return to the way you were prior to the injury. In personal injuries, there are two types of financial damages you could receive: economic and non-economic. The former is intended to compensate you for the financial losses resulting from your accident, while the second is designed to pay for the emotional trauma that your accident has caused. In personal injury lawsuit gainesville or jury will award a victim economic damages to pay for their lost wages, medical expenses and rehabilitative care and damages to property, such as 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 losses. These losses include: Loss of Earning Capacity If a victim suffers an injury, their earning capacity may be significantly affected. They could be forced take a lower-paying position or even become permanently disabled. Future earning capacity This can be a challenge to calculate as it depends on the victim's age, industry and the trend at the moment of the incident. One person might be young and have a promising career or they may have an retirement plan. Past Earning Capacity This presents a challenge for jurors as it requires an in-depth analysis of the victim's work history and future earnings. A victim could be a recent graduate with a technical career. In addition to losing earnings, the victim could have incurred other expenses such as medical bills, car repairs, and even out of pocket expenses for medication or therapy. These expenses can be significant and can add up to an amount of money. The sum of all these expenses to determine what your financial damages could be can help you obtain a fair settlement. There are a variety of factors which determine the exact amount of your economic damage, which is why it's important to speak to an experienced personal injury lawyer who understands how these damages can be calculated and awarded. Your lawyer will be able to give you a list of all your current and future economic losses, and also seek experts who can put an approximate value on these losses in the course of calculating your compensation.