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personal injury law firm westminster – How to Get the Compensation You Need It is normal to worry about your finances when you are involved in an accident. This is especially true when you're involved in serious injury. There are many ways to receive compensation for your injuries. This includes economic damages as well as non-economic damages like pain and suffering. Economic Damages Financial compensation is available to those who have been injured due to the negligence of another party. This compensation will help you get back to your life prior to injury. There are two types of monetary damages that can be awarded in personal injury cases including economic damages as well as non-economic damages. The first is to pay for the financial losses incurred as a result of the accident while non-economic damages are intended to compensate for emotional hardships. In many cases, a jury or judge will award a victim economic damages to pay for their lost wages, medical bills as well as rehabilitation services, along with damages to property, such as repair and replacement. This type of damage can be documented with receipts, bills, and pay stubs. The negligent conduct of a defendant could result in a range of economic losses. These losses include: – Loss in Earning Capacity When a person is injured, their earning capacity may be severely affected. They may have to accept a lower-paying job or even become permanently disabled. Future earning capacity This is a difficult factor to determine since it is contingent on the nature, age, and trends of a person's career at the time of the accident. A person could be young and their career that is growing, or they could be 58 and have a complete retirement plan ahead of them. Past Earning Capacity This presents a challenge for juries as it requires a thorough analysis of the victim's past employment and the potential earnings for the future. A victim may be a recent graduate who has a career in engineering. The victim could have lost their earnings in addition to other costs like medical bills, car repairs or out-of-pocket expenses for medication and therapy. In the end, these costs will add up to a substantial amount of money. To get a fair settlement make sure you add all these expenses together. There are many factors that influence the amount of your economic damages. It is crucial to consult an experienced personal injury lawyer who can assist you in understanding how these damages can calculated and be awarded. Your lawyer can provide you with a comprehensive list of the economic losses you have suffered and help you to identify experts who can assign a value to these damages to calculate your compensation.