What is the difference between compensation and damages in an accident claim?

Compensation and damages in an accident claim are two different things. Compensation is money paid to an injured person to reimburse them for their losses. In other words, compensation covers the cost of what was lost. This includes expenses like medical bills, lost wages, damage to property, and other costs related to the injury. Damages, on the other hand, are awarded to an injured party to compensate them for the pain and suffering caused by the accident. Damages are a form of compensation for intangible losses, such as an inability to enjoy life. Damages are traditionally higher than compensation because they are intended to provide a greater degree of compensation for emotional and physical pain and suffering. In Minnesota, injured parties can file a claim to receive both compensation and damages. The amount of money awarded will depend on the facts of the case and the extent of the injury. A skilled personal injury lawyer in Minnesota can assess the details of the accident and help determine the amount of compensation and damages that the injured party is entitled to.

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