{"id":364,"date":"2022-05-03T10:00:22","date_gmt":"2022-05-03T14:00:22","guid":{"rendered":"https:\/\/www.calljed.com\/blog\/?p=364"},"modified":"2022-05-03T09:38:50","modified_gmt":"2022-05-03T13:38:50","slug":"what-are-compensatory-damages","status":"publish","type":"post","link":"https:\/\/www.calljed.com\/blog\/what-are-compensatory-damages\/","title":{"rendered":"What Are Compensatory Damages?"},"content":{"rendered":"

\"Compensation-300x200\"Victims often turn to personal injury claims to recoup their losses after being injured in accidents. If the verdict is in the plaintiff\u2019s favor, they can obtain a monetary award for their losses. One type of damage awarded to victims is called compensatory damages. Compensatory damages are designed to pay victims money to cover the costs related to their injuries and other losses. In other words, this type of damage is awarded to compensate plaintiffs for the actual losses they have suffered. For instance, if a careless motorist smashed into your car and totaled it, the compensatory damages would equal the fair market value of your vehicle when it was demolished, minus the salvage value or any usable parts. The two types of compensatory damages that courts can award to plaintiffs are special damages and general damages.<\/span><\/p>\n

Special Damages\u00a0<\/strong><\/p>\n

Special damages are quantifiable and easily calculated because they are based upon the actual costs incurred by a victim because of the accident. These damages are intended to replace everything that was lost and nothing more. In addition to hospital bills and other medical expenses, victims can obtain compensation for damage to property, lost wages, and other related out-of-pocket expenses. The amount awarded to a victim is based on a set formula because these losses can be easily proven and verified by concrete evidence. Some other common examples of special damages include:<\/span><\/p>\n

Continue reading<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Victims often turn to personal injury claims to recoup their losses after being injured in accidents. If the verdict is in the plaintiff\u2019s favor, they can obtain a monetary award for their losses. One type of damage awarded to victims is called compensatory damages. Compensatory damages are designed to pay victims money to cover the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,5,13,8,6],"tags":[11,18,9,10],"class_list":["post-364","post","type-post","status-publish","format-standard","hentry","category-car-accident","category-personal-injury","category-premises-liability","category-product-liability","category-slip-and-fall-accidents","tag-buffalo","tag-car-accident","tag-injury","tag-lawyer"],"yoast_head":"\nWhat Are Compensatory Damages? — Buffalo Personal Injury Lawyer News — May 3, 2022<\/title>\n<meta name=\"description\" content=\"Victims often turn to personal injury claims to recoup their losses after being injured in accidents. 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