What kind of compensation is paid in an automobile accident?
There are three types of compensation: economic, non-economic and punitive. Economic damages are the costs you incurred due to the accident, including medical bills, rehabilitation, nursing care, transportation, lost wages (now and future) and any other financial losses you have experienced. The non-economic damages are the impact on you personally – such as pain and suffering and loss of quality of life. Punitive damages could be pursued in some rare cases in which criminal negligence took place.
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