What are Compensatory Damages & How They Can Benefit You

How much do you know about compensatory damages? Did you know this can benefit you? Here at Your Insurance Attorney, our team of law professionals is here to make sure you get all the information you need when it comes to protecting you. Our property damage lawyer is located in Miami. 

 

Let’s Break It Down

Compensatory damages are the most common type of reward given to the injured party and are designed to recover what the plaintiff has lost as a result of the injury. Common compensatory damages awarded are:

• Lost wages
• Medical expenses
• Property damage
• Mental distress
• Loss of Consortium
• Emotional distress

 

Compensatory Damages

Compensatory damages are the most common damages awarded in personal injury cases. These damages, as their name suggests, are used to compensate the victim for his or her losses associated with the injury. 

 

These damages can cover losses from:

• Current and projected medical bills
• Pain and suffering
• Emotional trauma
• Lost wages, both current and projected
• Loss of enjoyment of life
• Damaged relationships
• Property damage

 

In addition, if wrongful death is involved, the victim’s family may be entitled to other sorts of compensatory damages including funds to cover funeral costs, loss of companionship, and loss of projected earnings.

 

Have you ever heard of punitive damages? Punitive damages are less common and are awarded in conjunction with compensatory damages. They’re used mostly to punish the guilty party for exhibiting gross negligence or taking part in illegal activities that led to the accident in question.

 

With personal injury cases, deciding upon damages depends on several factors. The severity of the victim’s injuries, as well as the amount of negligence exhibited by the defendant, are both considered when determining which damages are due and how much those damages are. If negligence is proved and a victim’s injuries are a direct result, compensatory damages are awarded. The number of compensatory damages due can be calculated by adding up actual and estimated expenses.

 

We Are Here To Help

If your home has been damaged through some type of disaster, vandalism, or you have suffered a loss through theft, you have likely filed a claim with your insurance company. This can often take quite a bit of time, and some insurance claims even get denied or paid insufficiently, which is unsatisfying and can seem unfair. As an insurance attorney Miami locals trust, we don’t sit around waiting to see how your insurance company is going to help you, we talk directly with them and let them know what exactly you are entitled to. Best of all you incur no fees unless you win!

 

Call Our Property Damage Lawyer

Make sure you are fully informed when it comes to dealing with a property damage claim. You never know when you may need one. If your home has been damaged through some type of water damage, you have likely filed a claim with your insurance company. This can often take quite a bit of time, and some insurance claims even get denied or paid insufficiently, which is unsatisfying and can seem unfair. As an insurance lawyer locals trust, we don’t sit around waiting to see how your insurance company is going to help you, we talk directly with them and let them know what exactly you are entitled to. Best of all you incur no fees unless you win! Call our property damage lawyer today for more information. We are located in Miami-Dade County.