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Compensatory Vs. Punitive Damages: Understanding the Differences
Victims of an accident are usually provided a monetary award as compensation for their losses. Damages typically cover financial losses, such as wages or medical bills, but they can also compensate for emotional trauma or other forms of suffering. There are two common types of damages: compensatory and punitive. While both types of damages can be awarded to the plaintiff, they cover different losses and serve different purposes. Personal injury settlements often depend heavily on the damages available, so knowing … Read More
