What Are Punitive Damages?
Punitive damages, also known as exemplary damages, are monetary awards intended to punish the defendant for egregious conduct and to deter others from engaging in similar behavior. Unlike compensatory damages, which aim to compensate the victim for losses such as medical expenses and property damage, punitive damages are meant to punish the wrongdoer.
Implications of Punitive Damages in Hit-and-Run Accidents
In hit-and-run accidents, punitive damages can have significant implications for both the victim and the at-fault driver. Here’s how:
Hit-and-run accidents can have devastating consequences, but punitive damages serve as a means of holding perpetrators accountable and providing justice to victims. Understanding the implications of punitive damages in hit-and-run claims is essential for navigating the legal process effectively and securing the compensation you deserve.
Stay informed, stay vigilant, and remember that justice can prevail even in the face of hit-and-run adversity.
Get Your Free Consultation Today
required fields *