Personal Injury – What are Compensatory Damages?
When you seek legal assistance with a Santa Monica personal injury lawyer, you will be discussing with him the aspect of damages. You hire a personal injury lawyer and file a lawsuit against another person or company who is held legally liable with you or your loved one's accident, causing the injury. With the help of your lawyer, you are to determine what damages the defendant should pay towards you in reparation for your injury.
There are different kinds of damages that are a staple in a lot of personal injury claims. The most common of them all is the compensatory damages. It means that the injured person (plaintiff) is given compensation on the loss that he acquired after the accident. Damages could be either economic or non-economic, or a combination of both, depending on the severity of the injury or accident.
When talking about economic compensation, it involves the defendant (a person, a company or any liable party) covering the plaintiff's monetary settlements. Under the classification of economic compensation are three major components that the liable party must focus on when paying back the injured person in monetary terms.
€ Medical expenses €" This is available in most personal injury cases, wherein the liable party reimburses both the cost of treatment after the accident and the cost of succeeding treatments.
€ Income €" The plaintiff can receive compensation on his loss of ability to earn money from his employment. This is available on specific personal injury cases such as industrial accidents.
€ Loss of property €" Damages on the plaintiff's valuable properties, such as his own car or house, is subject to be paid for repairs or replacement by the defendant.
Non-economic compensation, on the other hand, involves the liable party covering the plaintiff's loss of physical capability. The party must provide compensation in the standpoint of emotions. Not only does the injured person experience monetary loss, but also losses in his ability to perform daily activities and overall enjoyment of life. Here are some of them.
€ Pain and suffering €" It is a legal term that describes the feeling of short-term or long-term discomfort due to the accident that needs compensation from the defendant.
€ Loss of enjoyment in life €" The injured plaintiff who is enduring pain and suffering after an accident can receive compensation as well if the accident limited him to perform daily duties and other extra-curricular activities.
€ Emotional impact €" He can get compensation if his injury caused an impact on his psychological thinking. This could be part of the pain and suffering compensation.
There are different kinds of damages that are a staple in a lot of personal injury claims. The most common of them all is the compensatory damages. It means that the injured person (plaintiff) is given compensation on the loss that he acquired after the accident. Damages could be either economic or non-economic, or a combination of both, depending on the severity of the injury or accident.
When talking about economic compensation, it involves the defendant (a person, a company or any liable party) covering the plaintiff's monetary settlements. Under the classification of economic compensation are three major components that the liable party must focus on when paying back the injured person in monetary terms.
€ Medical expenses €" This is available in most personal injury cases, wherein the liable party reimburses both the cost of treatment after the accident and the cost of succeeding treatments.
€ Income €" The plaintiff can receive compensation on his loss of ability to earn money from his employment. This is available on specific personal injury cases such as industrial accidents.
€ Loss of property €" Damages on the plaintiff's valuable properties, such as his own car or house, is subject to be paid for repairs or replacement by the defendant.
Non-economic compensation, on the other hand, involves the liable party covering the plaintiff's loss of physical capability. The party must provide compensation in the standpoint of emotions. Not only does the injured person experience monetary loss, but also losses in his ability to perform daily activities and overall enjoyment of life. Here are some of them.
€ Pain and suffering €" It is a legal term that describes the feeling of short-term or long-term discomfort due to the accident that needs compensation from the defendant.
€ Loss of enjoyment in life €" The injured plaintiff who is enduring pain and suffering after an accident can receive compensation as well if the accident limited him to perform daily duties and other extra-curricular activities.
€ Emotional impact €" He can get compensation if his injury caused an impact on his psychological thinking. This could be part of the pain and suffering compensation.
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