What type of compensation can I expect in a boating accident settlement?

When it comes to boating accident law in Virginia, victims of a boating accident may be entitled to receive monetary compensation as part of a settlement. This compensation can come in the form of economic and non-economic damages. Economic damages are intended to restore the victim to their pre-accident state financially and include things such as medical expenses, lost wages, and property damage. Non-economic damages are intended to address emotional and physical trauma which may have occurred due to the incident and can include pain and suffering, mental anguish, and loss of enjoyment of life. In addition to the compensation for damages, a settlement may also include punitive damages. Punitive damages are meant to punish the at-fault party for their negligence or recklessness. Unlike actual damages, punitive damages are not meant to compensate for any losses but instead to send a message and set an example that such behavior is not tolerated. The amount of compensation received in a boating accident settlement will depend on the severity of the incident, the amount of damages the victim suffered, and the degree of fault the at-fault party is found to have. If a settlement cannot be reached, victims may need to seek compensation through a court trial.

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What type of compensation can I expect in a boating accident settlement?

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