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personal injury law firm bakersfield – How to Get the Compensation You Need When you are injured in an accident, it is normal to be concerned about your finances. This is especially true if you are involved in a serious injury. There are ways to be compensated for your injuries. They include economic damages and non-economic damages like pain and suffering. Economic Damages If you suffer an injury due to negligence by another party you are entitled to financial compensation. This compensation is meant to assist you in regaining your life prior to injury. There are two kinds of damages monetary that can be awarded in personal injury cases: economic damages and non-economic damages. The former is meant to compensate you for financial damages resulting from the accident, while the latter is designed to compensate you for the emotional trauma that your accident has caused. A judge or jury could award economic damages to victims in a variety of instances. This can include lost wages and rehabilitation costs, medical bills as well as property damage costs like repair and replacement. The damages in this category can be documented through bills, receipts and pay stubs. Unfortunate behavior by a defendant can cause a variety of economic losses. These losses include: Loss of Earning Capacity If a victim is injured their earning capacity could be severely affected. They could be forced accept a lower paying job or become permanently disabled. – Future Earning Capacity This can be a challenging measure as it is contingent on the nature, age, and trends of the victim's job at the time of the accident. Someone could be young and their career that is growing, or they may be 58 and have a full retirement plan ahead of them. Past Capacity for Earning This also presents jurors' challenges in that it requires a thorough investigation of the victim's job and the possibility for future earnings. A victim could be a recent college graduate with a career in engineering. In addition to losing wages, the victim might have had other expenses such as medical bills, car repairs, and even out-of-pocket costs for therapy or medication. These expenses can amount to a substantial amount of money. To settle a fair amount, add all of these costs together. There are many variables that impact the amount of your economic damages. It is crucial to consult an experienced personal injury lawyer who will assist you in understanding the way these damages are calculated and awarded. Your lawyer will provide you with a detailed list of all of your economic losses and help you find experts who can assign a dollar amount to these damages to calculate your compensation.