Understanding the Three Types of Personal Injury Damages
Why Understanding Personal Injury Damages Matters
When involved in a personal injury case, comprehending the various types of damages you may be entitled to is crucial. This knowledge empowers you to seek the fairest compensation possible. Personal injury damages can be divided into three main categories, each serving a distinct purpose in covering the impacts of an injury.
Punitive Damages: Beyond Compensation
Punitive damages are not just about compensation—they aim to punish the defendant for outrageous acts. Awarded in instances of gross negligence or intentional harm, these damages serve as a societal deterrent. An example includes a corporation knowingly selling defective products. While rare, punitive damages are typically awarded in addition to both economic and non-economic damages.
Non-Economic Damages: Intangible Losses
Non-economic damages address the intangible impacts of an injury. These include pain and suffering, emotional distress, loss of enjoyment of life, and loss of consortium, which relates to the impact on relationships. Quantifying these damages is complex and often requires seasoned legal expertise to achieve a fair valuation.
Economic Damages: Tangible Costs
Economic damages encompass the tangible expenses directly associated with an injury. This category includes medical bills, lost wages, rehabilitation therapy, property damage, lost earning capacity, and future expenses like ongoing treatment and future lost wages. The straightforward nature of these costs makes them easier to document and prove.
Being informed about the distinct types of damages is essential. It helps you prepare your case effectively and advocate for what you're rightfully entitled to. For individuals navigating the complexities of a personal injury claim, consulting with our law firm can provide the necessary guidance and support to achieve a just resolution.