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Personal Injury Compensation – How to Get the Compensation You Need It is normal to be concerned about your finances when in an accident. This is especially true if you suffer serious injuries. There are many ways to recover compensation for your injuries. This includes both economic and non-economic damages like pain and suffering. Economic Damages If you sustain an injury due to negligence by another party You are entitled to financial compensation. This compensation is intended to help you recover from your injuries and return to the standard you had prior to your injury living. In personal injuries there are two kinds of monetary damages you can receive: economic and non-economic. The first is to pay for the financial loss you suffered caused by the accident, while non-economic damages are designed to compensate for your emotional burdens. A jury or judge may award economic damages to victims in numerous cases. This includes lost wages, rehabilitation, medical bills, and property damage costs like repair and replacement. The damages in this category are concrete in that it can be documented through receipts and pay stubs. A defendant's negligent conduct can cause different economic losses. These losses include: – Loss of Earning Capacity A victim may have a reduced earning capacity following an injury. They might be forced to accept a lower-paying job or even be permanently disabled. personal injury lawyer minneapolis earning capacity This factor can be difficult to determine since it relies on the victim's age, the industry and the current trend at the time of the accident. A person could be young and have a career on the rise, or they could be 58 years old and have a full retirement plan. Past Earning Capacity This presents a challenge to jurors as it requires an in-depth analysis of the victim's work history and potential future earnings. A victim may be a recent graduate with an engineering career. – In addition to lost wages, the victim may be facing other expenses like medical bills, car repairs and even out of pocket expenses for medication or therapy. In the end, these costs will add up to an enormous amount of money. In order to get a fair settlement make sure you add all these expenses together. There are a variety of factors that go into determining the exact amount of your economic damages, and it is crucial to consult an experienced personal injury lawyer who understands how these damages can be calculated and determined. Your lawyer will be able to provide you with a complete list of all your present and future economic losses, as well as enlist the help of experts who can assign the value of these losses in the course of formulating your compensation.