Types of Damages in a Personal Injury Lawsuit
Personal injury lawsuits are complex and overwhelming for those unfamiliar with the legal system. One of the most important aspects of an individual injury case is the damages that can be awarded to the victim. Damages are the monetary compensation awarded to the victim for their losses due to the injury. This blog post will provide a comprehensive guide to the types of damages in a personal injury lawsuit.
1. Compensatory Damages
Compensatory damages are awarded to the victim to compensate for their losses due to the injury. These losses can include medical expenses, lost wages, and property damage. Compensatory damages can be further divided into economic and non-economic damages.
2. Economic Damages
Economic damages are awarded to the victim to compensate for the financial losses they have incurred due to the injury. These losses can include medical expenses, lost wages, and property damage. Economic damages are calculated based on the actual financial losses incurred by the victim.
3. Non-Economic Damages
Non-economic damages are awarded to the victim to compensate for the non-financial losses they have incurred due to the injury. These losses can include pain and suffering, emotional distress, and loss of enjoyment of life. Non-economic damages are more difficult to calculate than economic damages and are typically left to the judge or jury's discretion.
4. Punitive Damages
Punitive damages are awarded to the victim in addition to compensatory damages. Punitive damages are intended to punish the defendant for their actions and deter them from engaging in similar behavior. Punitive damages are typically awarded in cases where the defendant’s actions were particularly egregious.
5. Statutory Damages
Statutory damages are damages that are awarded by law. These damages are typically awarded in cases where the defendant has violated a specific law or regulation. Statutory damages are usually granted in addition to compensatory damages.
Here at Kolker Law Firm, we have extensive experience representing victims in personal injury cases. If you were injured in an accident due to someone’s negligence, call us today at (314) 684-8285 for a free initial consultation.