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Personal Injury Compensation – How to Get the Compensation You Need It is normal to be concerned about your finances when involved in an accident. personal injury lawyer new york is particularly true if your injuries are severe. Fortunately, there are ways to get compensated for your injuries. These include economic and non-economic damages , such as suffering and pain. Economic Damages Financial compensation is open to all who have been injured by the negligence of another party. The purpose of this compensation is to help you recover from your injuries and get back to the same standard of living. There are two types of financial damages that could be granted in personal injury cases including economic damages as well as non-economic damages. The first is to pay for the financial loss you suffered from the accident while non-economic damages are intended to cover your emotional pain. A judge or jury can award economic damages to victims in numerous instances. This includes lost wages or rehabilitation, medical bills and property damage expenses such as repair and replacement. This type of damage can be documented by bills, receipts, or pay stubs. A defendant's negligent behavior can lead to a number of different economic loss. These losses include: Loss in Earning Capacity When a person is injured, their earning capacity may be significantly affected. They could be forced to work at a lower wage or even be 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 job at the time of the accident. The person may be young and their career that is on the rise, or they could be 58 and have a complete retirement plan. Past Earning Capacity This also presents jurors facing a difficult task because it requires a thorough examination of the victim's past employment situation and the potential for future earnings. A victim might be a recent graduate with a career in engineering. In addition, to the loss of wages, the victim may have had other expenses such as medical bills, car repairs and even out-of-pocket expenses for therapy or medication. These expenses can amount to a substantial amount of money. The sum of all these expenses to figure out what your financial damages could be will help you get an appropriate settlement. There are many variables that go into determining the exact amount of your financial damages, and it is essential to speak with an experienced personal injury attorney who understands how damages can be determined and given. Your lawyer will provide you with a list detailing all your economic losses and help you to identify experts who can assign a value to these damages in order to calculate your compensation.