Types of Personal Injury Compensation

You may be qualified for compensation if sustained an injury due to the negligence or wrongdoing of a third person. Talk to a personal injury law firms injury lawyer near you to learn more about the damages you could receive.

There are two major kinds of damages that could be awarded in personal injury lawsuits including economic and non-economic damages. This article will examine these two categories , and also explain how they impact the amount you are entitled for compensation.

Economic Damages

A person may be entitled to financial damages after being injured in an accident. These damages can include medical expenses, lost earnings, and property damage.

These kinds of injuries can often be very expensive, especially when there are serious injuries. This is because they require extensive treatment. As they heal, victims may require mobility equipment or prescription medications.

These costs can quickly accumulate This is why it is essential to keep receipts. These receipts will help you determine the true cost of your losses, and also increase the value of your compensation.

In personal injury law firm injury cases, loss of wages and future income are common types of economic damages. This is because victims may be out of work for a number of months, weeks or even years after an accident. In this situation, the compensation award should reflect the amount that the victim could have earned if they were not unable to work.

A victim who is disabled or lost a loved one as a result of an accident may be entitled to damages for life-care services. These services include home health, nursing and physical therapy.

Many people need assistance with the same duties they had prior to their accident. These may include household chores, driving or taking care of the environment, and providing childcare for the family member who is dependent.

An attorney could be able to provide receipts and bills or other evidence to prove the cost of these items in these cases. They can also engage experts to testify on the value of these damages.

The value of these damages may vary greatly based on the circumstances surrounding the accident and the specific needs of the victim. Typically, a jury will look at a variety of factors when determining an economic damages award.

These damages could include:

The two most painful things in this world are suffering and pain

This award is usually awarded to those injured in serious accidents who have suffered emotional or physical injuries as a result of the accident. These awards can range from small (a small amount of money for pain and suffering) to massive sums of money (millions of dollars in a wrongful-death case).

Emotional distress

This kind of damages are aimed at compensating the emotional trauma that an injury causes a victim. This can include anxiety, depression and a loss of pleasure.

Disfigurement

A person who is injured and is permanently damaged as a result of an accident may receive this. It can be expensive as many require surgery and other treatments to correct or eliminate imperfections.

Loss of companionship or consortium

The purpose of this award is to compensate the loss of the loved one because of the accident. This is especially crucial for those who have dependents or children.

Non-economic damages form a distinct part of the legal system that is distinct from economic damages and is significantly less common. Although they may have the burden of proof higher and are more difficult to prove, non-economic damages are generally more difficult to assess and are not subject to the same restrictions as economic damages.