What is the difference between compensatory and monetary damages?

Compensatory damages and monetary damages are two separate types of damages that a person may be awarded following an accident in Texas. Compensatory damages are designed to attempt to bring a person back to the same place that they were in before the accident, or at least as close as possible. These types of damages are generally awarded to cover medical expenses, lost wages, pain and suffering, or property damage that were a result of the accident. Monetary damages are intended to punish a party that is found to be liable in a civil case for an accident. Monetary damages are not intended to bring an injured person back to where they were before the accident. Monetary damages are awarded to compensate for the pain and suffering that a plaintiff may have experienced due to the actions of the defendant. This type of damage is also meant to deter the defendant from engaging in similar behavior in the future. In conclusion, compensatory damages are awarded to attempt to return a person to the same position that they were in before the accident, while monetary damages are a form of punishment for the liable party and are meant to compensate for the pain and suffering experienced due to the accident.

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What is the difference between compensatory and monetary damages?

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