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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 worry about your financial situation. This is especially true when your injuries are severe. There are many ways to be compensated for your injuries. They include economic damages and non-economic damages such as pain and suffering. Economic Damages Financial compensation is open to all who have been injured due to the negligence of another party. This compensation is meant to assist you in regaining your pre-injury lifestyle. There are two kinds of financial damages that could be granted in personal injury cases: economic damages and non-economic damages. The first is designed to compensate you for financial losses resulting from your accident, whereas the latter is designed to pay for the emotional burdens your accident has caused. A judge or jury could award economic damages to victims in many cases. This includes lost wages and rehabilitation expenses, medical bills, and property damage costs like repair and replacement. This category of damages can be documented through bills, receipts, or pay stubs. personal injury attorney elgin by a defendant can cause a variety of economic losses. These include: – Loss of Earning Capacity A victim could be less able to earn after an injury. They could be forced accept a lower-paying job or even become permanently disabled. Future earning capacity This can be a challenge to determine since it relies on the victim's age and profession and trends at the moment of the incident. A person could be young and their career that is on the rise, or they might be 58 years old and have a full retirement plan ahead of them. Past Capacity for Earning This presents a challenge to jurors as it requires a thorough analysis of the victim's employment history and future earnings. A victim could be a recent graduate with an engineering career. In addition, to the loss of wages, the victim could have had other expenses such as medical bills, car repairs and even out-of-pocket costs for therapy or medication. In the end, these expenses will add up to a significant amount of money. To settle a fair amount, add all of these expenses together. There are many variables that go into determining the exact amount of your economic damages, which is why it is important to consult with an experienced personal injury attorney who understands how these damages are determined and given. Your lawyer will give you a list of all your present and future economic losses, and also solicit the assistance of experts who can assign an amount of money on these losses in the course of calculating your compensation.