In cases of personal injury sustained, loss of property and more, the general tactic is to seek settlement or compensation claims from who or what caused the damage. Generally, there are two types of compensation charges available, namely, compensative and punitive. Compensatory claims involve reimbursing or compensating the injured party of the injury or loss sustained. Such type settlement is applicable in the majority of injury cases such as medical inadequacies, vehicle accident, and slip and fall cases. Punitive charges, on the other hand, are not usual and awarded by the law only with an intention to punish the wrongdoer based on the severity of the injury he caused.
Special compensatory damages
Special compensatory damage claims provide compensation for the injury sustained party. Such settlements claims are unique and vary depending from one party to another. The main intention of such compensatory claim is to reimburse the injured party for the expense he lost or will require. Moreover, there is no particular limit to the amount the injured party can claim. Examples of such claims are medical expenses, loss of earning capability, household expenses, loss of income and more.
General compensatory damages
General compensatory damages are distinct as the intention of such settlement claim is compensate for the non-monetary injury or damage sustained by the party. Few examples of general damages are the pain, anguish, mental trauma sustained and loss of companionship.
Wrongful death damages
The wrongful death claim is a type of settlement which covers loss and damage to the surviving members of the party. Such claim will cover funeral expenses, pre-death medical expenses, loss of financial revenue to family, trauma caused to family and loss of companionship.
Punitive damages are the type of settlement claims awarded to the guilty based on the severity of the act and its nature. In cases of fraud, sexual assault, and aggravated assault, wrongdoers are often awarded punitive charges.
Bear in mind that after a settlement has been approved and enforced by the court of law to award loss of damage claim to the injured party from the wrongdoer, collecting the damage amount is different than the issue of settlement. Often times, if the convicted party is unwilling to pay in full or on time, seek the services of an attorney who can tag the convicted party in enough litigation to pay in full. Moreover, the longer it takes, the more interest accrues. If the wrongdoer possesses liability insurance, it is often the insurance that pays the claim directly to the injured party.