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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 be concerned about your financial situation. This is particularly true if you suffer serious injuries. Fortunately, there are ways to receive compensation for your injuries. This includes both economic and non-economic damages such as pain and suffering. Economic Damages When you suffer an injury due to the negligence of someone else, you should be entitled to financial compensation. The purpose of this compensation is to help you return to your life prior to injury. There are two types of damages that can be granted in personal injury cases which are economic damages and non-economic damages. The first is designed to compensate you for financial losses resulting from your accident, while the latter is designed to pay for the emotional burdens your injury has caused. A judge or jury could award economic damages to victims in a number of instances. personal injury attorney oklahoma city includes lost wages, medical bills, rehabilitation care and property damage costs such as repair and replacement. This type of damage is specific in that it may be documented using receipts or pay stubs, as well as bills. Negligent behavior by a defendant could result in a range of economic losses. These losses include: Loss of Earning Capacity When a victim is injured their earning capacity could be severely affected. They could be forced to work at a lower wage or even permanently disabled. – Future Earning Capacity This factor can be difficult to calculate as it depends on the victim's age, their industry and trends at the time of the accident. A person might be young and have a career that is growing, or they may be 58 years old and have a complete retirement plan. Past Earning Capacity This poses jurors' difficulties because it requires a thorough analysis of the victim's employment history and the possibilities for future earnings. For example, a victim may be a recent college graduate with a promising career path in engineering. The victim could have lost their income in addition to other expenses like medical bills, car repairs or out-of pocket costs for medications and therapy. These expenses can add up to a significant amount of money. The sum of all these expenses to figure out what your economic damages might be can help you obtain an acceptable settlement. There are numerous factors that influence the amount of your economic damages. It is important to speak with a seasoned personal injury lawyer who can assist you in understanding how these damages can be calculated and given. Your lawyer will provide you with a comprehensive list of all your present and future economic losses and will also solicit the assistance of experts who can establish an approximate value on these damages in the process of calculating your compensation.