Typically, there are three different forms of compensation in personal injury cases. Namely, economic damages, non-economic damages, and punitive damages. In other terms, damages that are economical are categorized as special damages, and non-economic are categorized as general damages. On the other hand, punitive damages are only awarded in negligence-based personal injury cases. That said, if you have been through similar circumstances, you have the right to sue them for your damages and receive compensation. All you need to do is hire a Vermont personal injury attorney. Read on to read about the types of compensation you may receive for personal injury in brief.
Economic Damages
Victims are granted economic damages in order to make up for the financial losses brought on by their injuries. These damages are intended to lessen the complainant’s financial burden partially or completely. Generally, damages are determined according to the fair market value at the time that the incident happened.
Economic harms consist of:
- Losing money
- Medical costs
- Damage to property
- Cost of disability-related living
- Funeral expenses in the event that a loved one passes away
- Costs of personal care
Non-Economic Damages
Non-Economic damages include general pain and suffering, which are difficult to put a monetary figure on. When opposed to economic damages, these harms are less palpable. Future losses brought on by lost income and any required future medical treatment are included in non-economic damages.
Non-Economic damages include,
- Mental anguish
- Distress and suffering
- Loss of friendship
- Loss of pleasure in life
- Loss of reputation
When determining general damages, it’s crucial to consider the victim’s profession, age, and income. The seriousness of their injuries is also taken into consideration.
Punitive Damages
Punitive damages are issued to the accused as retribution for their unlawful behavior. The penalty is intended to deter others from engaging in the same behavior. To be more precise, it is issued when there has been a criminal violation; otherwise, economic and non-economic damages may be awarded. Punitive damages are rarely imposed. It must only be granted if the defendant’s actions were willful or careless.
Conclusion
The consequences of such injuries may cause agony to you and your loved one. You can face considerable financial losses if you suffer a personal injury. To explore your case and learn how you can fight for your compensation to pay your costs and other losses, do not hesitate to connect with an attorney. People who have been injured by irresponsible entities may be entitled to compensation from the same person for their damages.
