Liability, Civil Damages Awarded

Definition of "Liability, civil damages awarded"

Josh Raymond real estate agent

Written by

Josh Raymondelite badge icon

Christian Shane Properties

Three types of damages can be awarded to a plaintiff:

  1. Special Damages reimbursement for out-of-pocket expenses, including medical bills, legal charges, cost of repairing damaged or destroyed property, and loss of current and projected income.
  2. General Damages�reimbursement for damages that do not readily lend themselves to quantitative measurement, commonly known as"pain and suffering."
  3. Punitive Damages�reimbursement for damages due to gross negligence by a defendant.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Special insurance that covers warehousers liability to customers whose property is damaged by an insured peril while in the custody of an insured warehouser. Policy deductibles may range ...

Same as term Cost-Of-Living Adjustment: automatic adjustment applied to Social Security retirement payments when the consumer price index increases at a rate of at least 3%, the first ...

Excess coverage for employers who use self insurance for routine workers compensation risks. Many employers consider workers compensation exposure to be routine and predictable and set up a ...

Agents, managers, and office personnel serving in the branches of an insurance company. ...

Costs associated with the selling of a new insurance policy to a policyholder. The costs include the acquisition commission as a percentage of the first year's premium, underwriting ...

Individual action or failure to act as a reasonably prudent person would under similar circumstances, resulting in harm to another. Also called negligence. A reasonably prudent person is ...

Dividends paid historically, currently, and projected. ...

Amount added to the basic premium (expectation of loss) to cover an insurance company's expenses. These expenses include agent commissions, premium taxes, costs of putting a policy on the ...

New pension-accounting rule (Employers Accounting for Post retirement Benefits Other Than Pensions) which mandates that employers that provide post retirement benefits to include life ...

Popular Insurance Questions