If you are about to consider possibility of filling a personal injury claim over slip and fall, car accident or other type of injury you may be curious about what your case is really worth. The answer depends on whether the injuries have cost you physical, mental or monetary “damages”.
Person or company liable for the injuries is legally entitled to pay damage award to an injured person. There can be various kinds of damages in personal injury cases. Let`s take a detailed look at them.
Compensatory damages are paid to reimburse the injured person for what he lost as a result of accident. Compensation for medical bills or property damage is quite easy to classify, but when it comes to calculating monetary value of suffering or pain, or inability to work or enjoy hobbies due to physical limitations is very difficult. Here is a summary of various types of compensatory damages
Medical Treatment – Calculation of damages award included cost of medical treatment associated with the accident which includes compensation for the medical care you have already got and reimbursement for the approximated cost of treatment you need henceforth due to the accident.
Revenue – If the accident had an impact on your revenue (not only the income you were deprived of but also the money you would have been able to earn henceforth if there were no accident) you may be entitled to reimbursement. This type of compensation is paid for “loss of earning capacity”.
Property Loss – If your property was damaged due to the accident you`re probably entitled to reimbursement for the fair market value of lost property or compensation for repair.
Pain and Suffering – The plaintiff can claim reimbursement for pain or suffering during the accident or after it, as well as for any continued pain related to the accident or its aftermath.
The plaintiff besides compensatory damages may be entitled to punitive damages if defendant`s behavior is deemed flagrant or outrageously negligent. Punitive damages though paid to the plaintiff are intended to penalize the defendant for his conduct.
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