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personal injury lawsuit lawrence – How to Get the Compensation You Need When you are involved in an accident, it is normal to be worried about your finances. This is particularly true if you're the victim of an accident that causes serious injuries. There are many ways to receive compensation for your injuries. These include both economic and non-economic damages like suffering and pain. Economic Damages Financial compensation is available to anyone who has been injured by the negligence of a third party. This compensation will aid you in recovering from your injuries and return to the level you enjoyed prior to injury living. In personal injury cases there are two kinds of monetary damages that you could receive: non-economic and economic. The former is designed to compensate you for the financial loss resulting from the accident, whereas the latter is designed to compensate you for the emotional trauma that your injury has caused. A judge or jury could award economic damages to victims in a variety of cases. This can include lost wages and medical bills, rehabilitation care as well as property damage costs such as repair and replacement. This category of damages is documented with bills, receipts, or pay stubs. A defendant's negligent behavior can cause different economic loss. These losses include: Loss in Earning Capacity If a victim suffers an injury their earning capacity could be severely affected. They could be forced to take a lower-paying job, or even become permanently disabled. Future earning capacity This is a difficult aspect to assess since it is contingent on the age, the industry and the trend of the victim's profession at the moment of the accident. A person could be young and their career on the rise, or they may be 58 and have a full retirement plan ahead of them. Past Earning Capacity This is also jurors facing a difficult task in that it requires a thorough analysis of the victim's prior work experience and the potential for future earnings. A victim may be a recent graduate with an engineering career. In addition to the loss of wages, the victim might have faced other costs like medical bills, car repairs, and even out of pocket expenses for therapy or medication. These expenses can add up to a substantial amount of money. Compiling all these expenses to determine what your economic damages might be can help you obtain an appropriate settlement. There are a variety of factors which determine the exact amount of your financial damages, which is why it is essential to speak with an experienced personal injury lawyer who knows how these damages are calculated and awarded. Your lawyer can provide you with a list detailing the economic losses you have suffered and assist you in identifying experts who can assign a dollar value to these damages in order to calculate your compensation.