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Personal Injury Compensation – 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 your injuries are serious. There are ways to recover compensation for your injuries. This includes economic damages as well as non-economic damages, such as pain and suffering. personal injury lawyer baltimore If you suffer an injury as the result of negligence by another party You are entitled to financial compensation. This compensation will aid you in returning to your life prior to injury. In personal injuries there are two kinds of monetary damages you can receive: economic and non-economic. The former is designed to compensate you for financial loss resulting from the accident, while the second is designed to pay for the emotional trauma that your accident has caused. A judge or jury can award economic damages to victims in a variety of instances. This can include lost wages and medical bills, rehabilitation care, and property damage costs like repair and replacement. This kind of damage is real in the sense that it can be documented through receipts and pay stubs. Negligent behavior by a defendant can result in a wide range of economic losses. These include: Loss in Earning Capacity If a victim suffers an injury the earning capacity of the victim could be severely affected. They could be forced to take a lower paying job or even be permanently disabled. Future earning capacity This can be a challenging factor to calculate since it depends on the age, industry and trend of the victim's job at the time of the accident. One person may be young and have a promising career or they could have a retirement plan. Past Capacity to Earn This poses a challenge for jurors as it requires a thorough examination of the victim's employment history and the potential earnings for the future. For instance, a person might be a recent graduate with a promising career path in engineering. The victim could have lost their income as well as other expenses like medical bills, car repairs, or out-of pocket costs for medications and therapy. These expenses can amount to a substantial amount of money. Compiling all these expenses to determine what your financial damages could be will allow you to get an acceptable settlement. There are a variety of factors that impact the amount of your economic damages. It is crucial to speak with a seasoned personal injury lawyer who will assist you in understanding how these damages can calculated and be awarded. Your lawyer will 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.