Are there caps on damages awarded in a boating accident case?

In Tennessee, the answer to the question of whether there are caps on damages awarded in a boating accident case is that it depends on the type of damages in question. For instance, for non-economic damages like pain and suffering, Tennessee has a cap on the amount of money that can be recovered. This is known as a “tort reform” cap and states that non-economic damages can not be awarded in excess of $750,000. However, there is no cap on economic damages such as medical expenses, lost wages, and other tangible losses. In addition, Tennessee allows for punitive damages to be awarded in certain cases. Punitive damages are awarded as a way to punish a defendant who acted willfully or maliciously and are designed to deter similar conduct in the future. In Tennessee, punitive damages may not exceed two times the amount of compensatory damages or $500,000, whichever is greater. In short, there are caps on certain damages awarded in a boating accident case in Tennessee, depending on the type of damages. Generally speaking, economic damages are uncapped, non-economic damages are capped, and punitive damages are capped to an extent.

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Are there caps on damages awarded in a boating accident case?

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