What are Personal Injury Damages?
Personal injury damages refer to the compensation a claimant (the injured party) receives following a successful personal injury claim. This compensation is intended to cover the costs associated with the injury, such as medical bills, lost wages, and pain and suffering. The amount of damages awarded to a claimant depends on the severity of the injury and the impact it has had on the claimant’s life.
Types of Personal Injury Damages
There are two main types of personal injury damages: economic and non-economic. Economic damages are intended to cover the costs associated with the injury, such as medical bills, lost wages, and property damage. Non-economic damages are intended to cover the intangible costs associated with the injury, such as pain and suffering, emotional distress, and loss of enjoyment of life.
Economic Damages
Economic damages are intended to cover the financial costs associated with the injury. These damages can include medical bills, lost wages, and property damage. The amount of economic damages awarded to a claimant depends on the severity of the injury and the impact it has had on the claimant’s life.
Non-Economic Damages
Non-economic damages are intended to cover the intangible costs associated with the injury, such as pain and suffering, emotional distress, and loss of enjoyment of life. These damages are more difficult to quantify, as they are subjective in nature. The amount of non-economic damages awarded to a claimant depends on the severity of the injury and the impact it has had on the claimant’s life.
Calculating Damages
When calculating damages, the court will consider a variety of factors, such as the severity of the injury, the impact it has had on the claimant’s life, and the amount of economic and non-economic damages the claimant is seeking. The court will also consider the amount of insurance coverage available to the claimant, as well as any other mitigating factors.
Conclusion
Personal injury damages refer to the compensation a claimant (the injured party) receives following a successful personal injury claim. This compensation is intended to cover the costs associated with the injury, such as medical bills, lost wages, and pain and suffering. The amount of damages awarded to a claimant depends on the severity of the injury and the impact it has had on the claimant’s life. Economic damages are intended to cover the financial costs associated with the injury, while non-economic damages are intended to cover the intangible costs associated with the injury. When calculating damages, the court will consider a variety of factors, such as the severity of the injury, the impact it has had on the claimant’s life, and the amount of economic and non-economic damages the claimant is seeking.
