What is the difference between compensatory and monetary damages?

Compensatory damages and monetary damages are two different types of damages you may be eligible for if you have been injured in an accident in Washington. Compensatory damages are intended to compensate the victim for any losses they have suffered as a result of an accident, such as medical expenses, lost wages, and pain and suffering. These damages are usually awarded based on the specifics of the accident, and are intended to make the victim “whole” again. Monetary damages are different from compensatory damages in that they are awarded as a form of punishment to the responsible party. These damages are meant to punish the responsible party for their negligence. They are usually awarded in addition to compensatory damages, and can vary significantly depending on the specifics of the case. These two types of damages are important to understand in the context of accident law in Washington. If you are injured in an accident, understanding the difference between compensatory and monetary damages can help you make sure you receive the compensation you need and deserve.

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What is the difference between compensatory and monetary damages?

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