What is the difference between actual and potential damages?

Actual damages are damages that have already been sustained, while potential damages are those which may be sustained in the future as a result of an event. In the context of catastrophic injury law in Washington, actual damages refer to the losses that an injured person has already experienced as a result of their injury. This could include medical bills, lost wages, and pain and suffering. Potential damages refer to the future losses that the injured person might incur due to the injury. These could include future medical expenses, lost earning capacity, and other expenses that may arise due to the injury in the future that are not known at the present time. In most cases, an injured party will be entitled to compensation for both actual damages and potential damages, but the degree of compensation will depend on a number of factors, such as the type of injury, the severity of the injury, and the applicable laws in Washington.

Related FAQs

Can I pursue a claim for medical negligence in a catastrophic injury case?
What is the difference between actual and potential damages?
How can I prove that my catastrophic injury was caused by another person’s actions?
What is the statute of limitations for filing a catastrophic injury claim?
What is the difference between a workers’ compensation claim and a catastrophic injury claim?
Can my damages be tripled in a catastrophic injury case?
How is pain and suffering calculated in a catastrophic injury case?
What type of injuries can be classified as catastrophic?
How do I prevent the defense from disputing my catastrophic injury claim?
Are there any caps on damages for catastrophic injury cases?

What is the difference between actual and potential damages?

Related FAQs

Related Blog Posts